Financial education is an important tool to address this imbalance and help consumers both, accept and use the products to which they increasingly have access. Because it can facilitate effective product use, financial education is critical to financial inclusion.
It can help clients to both, develop the skills to compare and select the best products for their needs and empower them to exercise their rights and responsibilities in the consumer protection equation. Financial Education spans the informal and formal financial sectors, supporting clients’ access to, and more importantly, use of, diverse financial services.