Financial literacy is today globally recognized as an essential life skill. However, many young adults have large debts … literacy, and that the prevalence of mental illness is high within the group. In this report, we studied financial literacy … 29 years. Our main findings indicate that financial literacy is lower than has previously been described, especially …

survey to test borrowers' comfort with, and understanding of, mortgage debt. We analyze the impact of financial literacy … them to choose a suitable mortgage. Results show that participants with high financial literacy are less comfortable with … mortgage debt in general and also less sensitive to framing than those with low financial literacy. Literate participants are …

cryptocurrency and stock investment, it is unclear how FoMO relates to consumer financial literacy and other consumer traits … stocks. FoMO has a small association with current stock ownership, relative to the association of financial literacy and risk … investment behaviour and investment intentions. Finally, our results suggest financial literacy is an antecedent of FoMO, more so …

This paper examines financial literacy in the United States, using the 2021 National Financial Capability Study data. A … inflation knowledge and identifies the subgroups that are particularly vulnerable. Finally, we examine how financial literacy … affects financial well-being and behaviors. Responses to the Big Three financial literacy questions are linked to important …

In this paper, we examine financial literacy and financial resilience in Italy. We show that financial literacy is … individuals in Southern Italy performing worse. We find that the lack of financial literacy increases the probability of being … financial literacy can be considered an enabling factor for financial resilience. …

In this paper, we examine financial literacy in Singapore. Using data from the SKBI-GFLEC Sustainable Investment Survey …, we find that approximately 40% of Singaporeans are financially literate. We also find that financial literacy is low … among specific groups such as women, the less educated, and the unemployed. Moreover, we examine financial literacy across …

We analyze financial literacy regarding interest rates, inflation, and risk diversification in nine Eastern European … experience of high or hyperinflation, affect inflation literacy. Higher financial literacy is associated with a higher propensity …

We examine financial literacy in Finland and its connection with various financial outcomes using novel survey data … collected in 2023. While the overall Finnish financial literacy level is about average among the OECD countries, there is … significant heterogeneity within the population. Women have lower financial literacy than men. The young and the old have lower …