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Financial Literacy and Related Financial Outcomes

In: The Relevance of Financial Literacy

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  • Edoardo Lanciano

    (University Roma Tre)

Abstract

Why is financial literacy important? What is the relevance of financial literacy for financial decisions and outcomes? These are the main questions that this chapter attempts to answer, through evidence from the main high-impact scientific studies available in the literature on financial literacy. Specifically, this chapter investigates the relationship between financial literacy and various specific financial decisions and outcomes, such as saving, investments, retirement, or insurance, through the collection of findings from the literature, which describes these relationships in different contexts and among various targets, showing how financial literacy may positively affect savvy financial behaviors and the overall economic well-being of individuals and society.

Suggested Citation

  • Edoardo Lanciano, 2025. "Financial Literacy and Related Financial Outcomes," Springer Books, in: The Relevance of Financial Literacy, chapter 0, pages 41-61, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-93397-4_3
    DOI: 10.1007/978-3-031-93397-4_3
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