Financial Literacy and Investment Decisions: A Systematic Review of Empirical Evidence

Abstract

Financial literacy is widely recognised as a prerequisite for the development of a strong financial system in nations around the world. Policymakers, regulators, governments, and numerous other stakeholders have recently been interested in financial literacy. Financial education providers have made significant investments and efforts to promote financial literacy through a variety of financial education programs. This review article provides an overview of the various facets of financial literacy and investing decisions by analysing previous research studies conducted by different researchers.