Financial literacy as a leading regulator of consumption expenditure

DOI

10.2991/icsbal-19.2019.24How to use a DOI?

Keywords

Financial literacy, leadership, consumption expenditure, managerial style, financial leaders

Abstract

The concept of leadership has transformed over time, from a dictatorial management style to a leadership that is oriented towards serving and inspiring others to live a life with complete development of your skills no matter the field of choice, along with genre and economic status. Based on this perspective, everyone has the possibility to become a financial leader, assuming the implied challenges such as personal responsibility and not limited only to governmental influence, or schools, universities and other entities in charge to promote a healthy economy in each country. Unfortunately, throughout the world there is a lack of financial education and consciousness in this leader-financial aspect, especially in developing economies, which show rapid growth in debt rates, and at the same time levels of savings are decreasing and consumption expenditure has skyrocketed. Is in this scenario, the financial literacy takes relevance because once the people are aware of it, will be able to regulate their spending habits as the first step to become a self-leader economy.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jenny Linares
PY  - 2019/10
DA  - 2019/10
TI  - Financial literacy as a leading regulator of consumption expenditure
BT  - Proceedings of the 4th International Conference on Social, Business, and Academic Leadership (ICSBAL 2019)
PB  - Atlantis Press
SP  - 136
EP  - 140
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsbal-19.2019.24
DO  - 10.2991/icsbal-19.2019.24
ID  - Linares2019/10
ER  -