IJSSER

Title: WHAT IS FINANCIAL LITERACY?
Authors: Pranav Goel
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Pranav Goel Modern School Barakhamba Road New Delhi
MLA 8 Goel, Pranav. "WHAT IS FINANCIAL LITERACY?" Int. j. of Social Science and Economic Research, vol. 8, no. 7, July 2023, pp. 1877-1886, doi.org/10.46609/IJSSER.2023.v08i07.016. Accessed July 2023. APA 6 Goel, P. (2023, July). WHAT IS FINANCIAL LITERACY? Int. j. of Social Science and Economic Research, 8(7), 1877-1886. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i07.016 Chicago Goel, Pranav. "WHAT IS FINANCIAL LITERACY?" Int. j. of Social Science and Economic Research 8, no. 7 (July 2023), 1877-1886. Accessed July, 2023. https://doi.org/10.46609/IJSSER.2023.v08i07.016.
References [1]. www.statista.com [2]. https://worldpopulationreview.com/ [3].https://www.investopedia.com/ [4].https://economictimes.indiatimes.com [5].https://www.financialeducatorscouncil.org/ [6].https://www.srcc.edu/ [7].https://sjes.springeropen.com/
ABSTRACT: This paper highlights the importance of financial literacy among teenagers from different countries. This paper also discusses different financial literacy rates in different countries and the reason behind the different showing results. After that the methods by which anyone can manage their personal finances across various age groups have been stated. There are some key rules which can help an individual to recover from debt (if any) or do along-term benefit investment. In my opinion, financial literacy can be referred to as one of the important key skills for any individual who is embedded in complex financial scenarios, as it focuses on the ability to manage personal finance effectively. Financial Literacy is the education about how money works in the world and on what basis the product is marked at the respective price. Nowadays, lack of financial education is a common problem around the world.

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