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Financial literacy is an ability to effectively manage the economic well-being of individuals with knowledge and financial skills. [ 12 ] The Government Accountability Office definition (2010) is "the ability to make informed judgments and to take effective actions regarding the current and future use and management of money.
Financial independence is a state where an individual or household has accumulated sufficient financial resources to cover its living expenses without having to depend on active employment or work to earn money in order to maintain its current lifestyle. [1]
Well-being is the state that egoists seek for themselves and altruists aim to increase for others. [20] Many disciplines examine or are guided by considerations of well-being, including psychology, ethics, economics, medicine, and law. [21] The word well-being comes from the Italian term benessere. It entered the English language in the 16th ...
A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms, sometimes simply as lists of synonyms and antonyms.
WordNet is a lexical database of semantic relations between words that links words into semantic relations including synonyms, hyponyms, and meronyms.The synonyms are grouped into synsets with short definitions and usage examples.
With 66% financial literacy, Germans understand that financial literacy has a direct link to the financial well-being of society and individuals. Germans also have a strong pension system that ...
Fiscal space is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government. [1] Peter Heller (2005) defined it “as room in a government’s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy.” [2]
Build financial literacy: Many apps incorporate learning through interactive features, games and age-appropriate lessons that help children grasp key money concepts naturally.