A DEEP STUDY OF FINANCIAL LITERACY

ABSTRACT

The study of financial issues, and more specifically the challenges that workers need to overcome in order to save enough money for a comfortable retirement, is what’s meant by the term "financial literacy." Establishing a savings plan for retirement is widely regarded as the personal financial decision that has the most weight in today’s society. Individuals are taking on an increasing amount of responsibility for their financial decisions. Because of this new environment, in which people are more concerned with determining their own income during retirement, certain factors, such as general financial knowledge, an understanding of the process of saving for retirement, and the recognition of the need for adequate savings, have become absolutely necessary for successfully achieving one’s retirement goals.

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