Why Is Financial Literacy Vital

The new reality in the age of technology requires you to have a new kind of knowledge about finances. Financial literacy has become one of the fundamental human skills of the 21st century. The reason for this is that your quality of life and what you will achieve in it largely depend on it.

Is there a link between financial literacy and well-being?

Higher financial literacy of the population in a country leads to increased market growth and economic prosperity. Financially literate consumers, through their rational choice, create conditions for increasing competition and the quality of goods and services.