Dilemmas of financial consumer security
Journal Title: ROZPRAWY UBEZPIECZENIOWE. Konsument na rynku usług finansowych. - Year 2017, Vol 26, Issue 4
Abstract
The prevalence of the financial sphere over the real economy is on the increase in the contemporary economy. The financial market’s significance and impact on non-financial entities’ operation is growing. Financial markets affect the economic policies adopted by governments and households. Is it possible for consumers to make rational choices and satisfy their needs in this era of a growing dominance of the financial system over the real economy, constantly changing the economic reality, tangle of innovative financial products offered to them by financial intermediation institutions and novel technologies? Can consumers feel safe and can their economic interests be safeguarded and financial security be ensured now and in the future? This paper identifies the financial security determinants (pillars) for buyers of financial services. The Author proves that financial education and an increased volume of information provided to consumers is not sufficient to protect them as the recipients of financial services.
Authors and Affiliations
Ewa Wierzbicka
(Ir)responsibility for future generations - us and the life of those to come or to miss
The current and forecasted image of the demographic processes and condition of the socio-economic order of the West (evident e.g. the in case of pension systems based on intergenerational solidarity) calls for thorough r...
Evaluation of the benefits costs to cover the needs arising from personal injury
The source of a personal injury can be e.g. a road traffic accident, a work accident, medical malpractice, etc. This article will focus on determining the financial impact of personal injury. In particular, the cost of v...
Nowości wydawnicze
/
Financial education for an ageing population
The issue of financial education and the need for its provision has been the subject of much research and analysis. A group particularly in need of financial education is elderly people. They constitute a growing and inc...
Review of insurance education in the Russian Federation
The article presents the results of a study of insurance education in the Russian Federation. In particular, it covers issues related to the content, competencies, levels of insurance education, and the interaction betwe...