Low financial literacy as a reason for the recurrence of homelessness

This dissertation was to present the relationship between low financial literacy and recurrence of homelessness. One of the many causes of homelessness in this case is lack of funds leading to foreclosures and debt and lack of financial responsibility. The research, which was carried out in the form of a qualitative approach with the method of case studies, which were made using observations and narrative interviews, showed that low financial literacy among homeless people manifests itself and is connected with their return to social services. In the case of debtors, for example, ignorance of the amount owed and fear of working as a full-time employee, in the sense of fear of enforcement deductions, when debtors have a misconception about deductions and non-disposal income. Their disregard for debt and overall financial irresponsibility will always land them back in the shelter, thus relapsing into homelessness. The results will be provided to social workers and workers in social services at Charita České Budějovice and students of the Faculty of Health and Social Sciences of the University of South Bohemia in České Budějovice. The work has the potential to serve as a basis for information on the issue of homelessness and education in the field of financial literacy