Business Education: Key for Achieving Financial Inclusion in Palestine

Financial education is the process of building knowledge, skills and attitudes to become financially
literate. It is meant to educate people on good money management practices with respect to earning,
spending, saving, borrowing, and investing. Financial education is meant to enable people to shift from
reactive to proactive decision-making and work towards fulfilling their financial goals. By broadening
people’s understanding of financial options and principles, financial education builds skills to use
financial products and services, and promotes attitudes and behaviors that support more effective use
of scarce financial resources. Financial education builds skills to use financial products and services,
and promotes attitudes and behaviors that support more effective use of scarce financial resources and
financial inclusion. The results of this work show that low levels of financial inclusion are associated
with lower levels of financial literacy. Recent research permitted to identify various ways in which
policy makers are developing financial education policies for financial inclusion.