Financial Literacy: An Overview Of Current Literature And Future Opportunities

Abstract

Financial Literacy is a term which is a combination of financial knowledge, attitude and behavior which helps an individual to take sound financial decisions. With the growing financial inclusion drives to include the financially excluded persons and with the expansion of financial markets financial literacy has become a hugely significant issue. This paper reviews, compares and analyses studies conducted on Financial Literacy on International Platform, in Asia and in India to determine areas of both commonality and inconsistency. As a result of this analysis, the paper presents recurrent themes that could be extended, research gap and potential new areas for research in financial literacy.

Keywords: financial literacy, financial education, financial skills, finance

JEL Classification: G53