Financial literacy and financial resilience

Zahra Jalali


Without understanding the basic concepts of finance, people do not have enough ability to make decisions about financial management. People should be financially literate and make informed financial choices about saving, investing, borrowing and other things. Overall, financial literacy is important on many levels. In the highly complex world of finance, there is an ever-increasing need for fundamental financial knowledge. Based on the statistical analysis of linear regression between resilience and financial literacy, it was determined that financial resilience is able to predict financial literacy of people; So that 64.7% of financial literacy is explained by financial resilience.

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