Integration and Innovation of Financial Literacy Education and Social Welfare Measure

DOI: https://doi.org/10.62517/jel.202414409

Author(s)

Shaohua Huang, Haixia Lyu

Affiliation(s)

Shandong University of Finance and Economics, Jinan, Shandong, China

Abstract

This scholarly article delves into the integration and innovation of financial literacy education and social welfare measures, highlighting their shared objective of improving public living standards despite their distinct origins. It underscores that financial literacy education is pivotal for instilling a sense of rational consumption and scientific financial management among the populace, whereas social welfare measures are designed to safeguard basic livelihoods, mitigate poverty, and foster social equity. The paper argues that a synergistic fusion of these two domains can amplify their collective benefits to the public. It further dissects the imperatives for such integration, elucidates potential implementation strategies, and anticipates the positive outcomes of a successful integration. By doing so, the article aims to contribute valuable perspectives and recommendations for the enhancement of financial literacy and social welfare initiatives in China, emphasizing the integration as a strategic approach to bolster public financial acumen, augment societal harmony, and underpin the nation's comprehensive strength.

Keywords

Financial Literacy Education; Social Welfare Measures; Integration and Innovation; Implementation Path

References

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