financial literacy ↔ financial stability

Relations (1)

related 2.32 — strongly supporting 4 facts

Financial literacy is directly linked to financial stability as it provides the necessary knowledge for informed decision-making [1] and serves as a key driver for long-term economic resilience [2] [3]. Furthermore, empirical research explicitly examines the correlation between literacy levels and specific indicators of financial stability, such as debt management and savings [4].

Facts (4)

Sources

Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua Parul Kumar, Md Aminul Islam, Rekha Pillai, Taimur Sharif · Elsevier BV 3 facts

procedureThe study by Ivana Katnic et al. (2025) utilized a quantitative, survey-based approach to examine the relationship between financial literacy levels and economic stability indicators, such as savings rates, active debt management, and access to financial products.

claimFinancial literacy is a crucial factor in promoting economic stability and resilience, particularly in Montenegro, due to the increasing complexity of financial products.

claimImproved financial literacy contributes to sustainability by fostering long-term financial stability, reducing inequalities, and promoting inclusive economic growth.

Financial Literacy: The Guide to Managing Your Money - Annuity.org annuity.org Annuity.org 1 fact

claimFinancial literacy is defined as having the knowledge and skills needed to make financial decisions that promote financial stability and well-being.