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What is Financial Literacy and Planning Behavior about?

This study examines the relationship between financial literacy and the level of financial planning individuals engage in, using data from the National Longitudinal Survey of Youth. The findings indicate that higher financial literacy is positively associated with more comprehensive financial planning behaviors, suggesting that individuals with greater financial knowledge are more likely to seek professional advice and engage in complex planning. The implications highlight the importance of financial educat

Author

Jayashree Kowtal

Language

EN