Main findings of the research on the financial literacy of the Roma in Sofia

Within the project Finally, a team of researchers from HESED, conducted a field research aimed at discovering personal finance management habits and consumption patterns of Roma adults in Faculteta neighborhood in Sofia. Main aspects emerged from the research accentuate to the difficulties of the Roma people to find job, because of their low education, the inability to plan their expenses because of the unpredictability of their income, the need to find money cover the every-day needs of the family as well as on the strategies used to survive during the month or to find money in case of emergency. There is no motivation to start working because of the low salaries of the employed, whose income is very close to the income of the unemployed Roma living in the neighborhood, who are collecting materials for recycling from the garbage. The instable and unpredictable income is the reason for the lack of capability for effective management of the family budget.