Antonia Grohmann
Financial literacy and financial behavior: Evidence from the emerging Asian middle class
German Institute for Economic Research|Leibniz University Hannover
paper analyses financial literacy financial behavior middle class people living urban asian economy papers financial literacy focus people developed countries surveyed people living bangkok using standard financial literacy questions find financial literacy levels largely comparable industrialized countries understanding advanced financial concepts lower similarly savings accounts held people sophisticated products lot less common show line literature higher financial literacy leads improved financial decision making