This paper primarily aims to assess the impact of financial literacy on households' investment choices. The paper …, the study aims at establishing whether the choices of investment platforms are influenced by the financial literacy level … finds that financial literacy is positively and significantly associated with household investment choices. More …

aspects of financial literacy-i.e., budgeting, debt, saving, investment, and insurance-were elicited from a large sample of …, but only a moderate level in relation to investment and insurance. The study findings indicate that current efforts on the … should continue and that more attention should be paid to educating Saudi citizens in relation to investment and insurance. …