The article from Nova SBE Executive Education emphasizes the critical importance of enhancing financial literacy, particularly in Portugal, where studies have indicated lower levels of financial understanding compared to other European nations. A 2020 study by the European Central Bank revealed that only 26% of Portuguese participants correctly answered at least three out of five basic financial questions, a stark contrast to the 66% success rate in countries like Germany and the Netherlands.

Key Benefits of Financial Literacy:

• Adaptability to Economic Changes: A solid grasp of financial concepts enables individuals to navigate the dynamic global economy effectively, making informed decisions in response to economic fluctuations.
• Personal Financial Management: Financial literacy provides the foundation for effective budgeting and saving, leading to greater financial security and independence.
• Entrepreneurial Success: For managers and entrepreneurs, financial knowledge is essential to ensure profitability and sustainable growth within their organizations.
• Reducing Economic Inequality: A financially literate population is better equipped to build wealth, thereby narrowing the economic gap between different societal groups

To address these challenges, Nova SBE Executive Education offers a comprehensive range of Finance & Economics programs tailored to various levels of financial proficiency. These include courses such as Finance for Non-Financials, Management Control, and an Executive Master in Finance & Financial Markets. Additionally, they provide a free course titled “Finance for Everyone,” aimed at contributing to financial education in Portugal.

By engaging in these educational initiatives, individuals can enhance their financial literacy, leading to improved personal financial management and contributing to broader economic stability and growth.