Financial Literacy among Young Adults

Abstract

Financial literacy is an essential life skill that enables young adults to make informed financial decisions regarding saving, budgeting, investing, borrowing, and long-term financial planning. This review paper examines the importance of financial literacy among young adults, the factors influencing financial knowledge, the challenges they face, and strategies for improving financial capability. The paper concludes that strengthening financial literacy contributes to financial well-being, responsible decision-making, and sustainable economic development.