Financial illiteracy in Bulgaria and Romania poses risks to society.
The article compares financial literacy and consumer protection in Bulgaria and Romania. The researchers conducted surveys to understand how well people in these countries understand financial matters and how they are protected when using financial services. They found that many consumers in these countries lack the knowledge needed to make informed financial decisions, which can have negative effects on both individuals and the economy. The study highlights the importance of financial education in improving consumer understanding and confidence in the financial system.