The Fundació Universitària Campus d'Ontinyent has awarded the Economic Research Prize to Maria de Carmen Bas Cerdà for her project measuring local financial literacy. The jury valued the scientific quality and social interest of the proposal, endowed with 4,000 euros. The initiative aims to diagnose and improve economic knowledge in Ontinyent and the Vall d'Albaida.
A test to measure how we manage money (or not) 💰
The project designs a specific measurement instrument to assess financial literacy in the territory. It is a diagnostic tool that will identify shortcomings and allow the design of improvement strategies adapted to the local reality. The researcher will apply quantitative methodologies to obtain reliable data on savings, investment, and debt habits. The campus thus reinforces its role as a generator of applied knowledge connected to the social and economic needs of the region.
So later they can't say we didn't know what compound interest was 😅
Because we all know that people in Ontinyent are very smart, but perhaps not so much when it comes to deciding between a bank deposit and a ceramic piggy bank. The study promises to discover whether we know what we sign at the bank or if we still think compound interest is a supermarket offer. Good thing someone is researching this before we set up another credit cooperative without knowing how to add.