cover image: Pension, debt, financial education â how ageing Brazilians survive financial challenges

Pension, debt, financial education â how ageing Brazilians survive financial challenges

18 Jan 2021

Implementation of retirement and pension plans for older people at the end of the 19th century and at the beginning of the 20th century reduced the rate of reliance on family members and beggary amongst elders (OECD, 2017). [...] In the first part of the article, we show the contribution of the 1988 Brazilian Constitution for financial security within the ageing population as well as for their economic development. [...] In the second part, we present data from recent research as to establish the context; some of the reasons for debt and the financial situation of ageing adults. [...] According to the authors, the main result in the study was “a double process of learning and transformation amongst the community and the university”, in which the “active participation of the community members caused empowerment to be spread both within their families and their social groups. [...] Despite struggling for adequate pensions and consumer protection laws, one of the manners of empowering the elderly population might be the type of financial education which promotes understanding of its complexities through concrete situations.

Authors

cmarques

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Pages
11
Published in
United Kingdom

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