Financial literacy and its dimension

Abstract EN

This paper sheds light on Financial literacy of individuals, due the great importance on this subject from the international organizations and institutions, through their massive contribution on this issue, in order to emphasis the necessity of being financial literate and its importance for achieving financial well-being among individuals, also ensuring the proper functioning of economy as a whole.

We mention among these organization and institutions, which have worked on the same field, Organization for economic cooperation and development (OECD), Financial services authority, The World bank, Jump-start from USA.

This study has focused on the most important concepts of financial literacy, and its dimensions which are: financial education, financial attitudes, financial behavior, financial capability, it has also determined the relationship between these dimensions, and how can we use them for measuring financial literacy among individuals.

.