THE IMPORTANCE OF FINANCIAL EDUCATION IN PREVENTING THE OVER-INDEBTEDNESS OF THE ELDERLY THROUGH PAYROLL LOANS

Abstract

The increase in the number of indebted elderly individuals in Brazil has become a growing concern, particularly regarding payroll loans. This paper aims to analyze the importance of financial education as an essential tool to prevent over-indebtedness among the elderly population, addressing the main challenges faced by this age group and proposing educational measures that can contribute to better management of their personal finances. The methodology employed includes a bibliographic review based on studies by Fonseca (2021), which discusses the challenges of financial education for the elderly, and Oliveira (2022), which analyzes the impact of payroll loans on over-indebtedness in this age group. Secondary data sources were also used, such as the Central Bank's Financial Citizenship Report (2022) and research from the Brazilian Institute of Geography and Statistics (IBGE). The results point to the urgent need for public policies focused on financial education, aiming at the protection and economic empowerment of the elderly.