I would argue that financial literacy is not only important for financial well-being of the masses; it is also a sine qua non for the economic well-being of the nation as a whole. 4. Financial Illiteracy is not limited to the poor or to the less developed economies alone, it pervades all levels of society and economic strata.
With wages lower than Hungary, Poland or the Czech Republic, employee costs even lower that in European Union; Slovakia becomes even more attractive for investments. As candidate countries try to catch up with the EU, it is critical that GDP growths to be supported by rising productivity of labour, while factors of costs are kept under control.