What’s the best definition of financial literacy?

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asked Jan 28, 2022 145k views

2 Answers

Kevin Brock · Answer 1 · 2022-01-30T02:43:06+0000

the confident understanding of concepts including saving, investing and debt that leads to an overall sense of financial well-being and self-trust.

Heather Hins · Answer 2 · 2022-02-02T09:11:47+0000

Answer:

Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. This definition stresses the importance of ability, and it speaks to knowledge, skills and life changes.

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What’s the best definition of financial literacy?

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