Strategy and Belief for Successful Family Budget Management: A Case Study of Family Account Books for Over 50 Years.

Improving financial literacy is important for achieving an internationally sustainable society. According to various surveys and other studies, financial literacy education regarding postretirement economic life has been implemented in many countries. However, a gap in the literature remains regarding long-term household individuals who have achieved a stable financial life after retiring. By analyzing household financial management methods based on 52 years of case study household accounts and records, we identified the following new contents of financial literacy: (1) attitudes toward keeping household books, (2) attitudes toward avoiding large deficits, (3) bookkeeping skills, (4) life planning skills, and (5) skills in using the Internet to access financial information on a computer. This study dynamically analyzes the family cycle and parent-child and couple relationships from the perspective of household finances. The results can inform educational programs for institutions that provide financial literacy education and contribute to research in the field of family sociology. [ABSTRACT FROM AUTHOR]