Generation-specific perceptions of financial literacy and digital solutions

摘要

This period in our history has seen many changes and milestones in the life of humanity. We have not only had to face the challenges of economic crises or global pandemics, but also changes that are fundamental to amending our daily habits. In the past, globalisation or sustainability were named among the fundamental trends (as drivers of change), but today they are complemented by processes that we also refer to as digitalization, automation or robotization. Of these processes, this paper focuses on the issue of digitalization. Given the impact of digitalization on almost every aspect of our lives, it would be an impossible undertaking to describe its full influence in the scope of a single study. This is why this essay focuses on financial behaviour and habits, which are perhaps the most affected by digitalization, and tries to find a link between digitalization and (financial) behaviour. One of the main objectives of this paper is to describe the attitudes of individuals towards digital solutions and to draw conclusions about the state of financial habits too. It can be assumed that the uptake of innovative banking solutions is not evenly spread across all age groups in society, just as it can be assumed that there may be significant differences between countries in terms of both digitalization and digital financial solutions. Evidence for the latter could be found in international literature and reports from international organizations. There is no doubt that digitalization is becoming the dominant trend and we are living in an era of digital transition, the effects of which are felt by everyone in some form or another. Our paper tries to highlight this trend, stressing the importance of the topic and underlining certain generational groups (mainly young people) in respect of the success of the digital transition.