The Relationship Between Financial Literacy and Savings Behavior

Financial literacy and participation in the stock market is a quintessential finance behavior, says Anna Brugal. Women are more vulnerable to financial fragility if they don't have good financial literacy skills she adds. The best way of learning is accumulating knowledge is by doing by having experience so when you are in a good financial position then you're also likely in a better opportunity to acquire knowledge according to Brugal's study.