Saara Vaahtoniemi|Gökhan Buturak|Panu Kalmi|Olli?Pekka Ruuskanen
Financial literacy and its determinants and consequences: New survey evidence from Finland
Pellervo Economic Research|University of Vaasa|University of Vaasa|Pellervo Economic Research
abstract examine financial literacy finland connection various financial outcomes using novel survey data collected 2023 overall finnish financial literacy level average among oecd countries significant heterogeneity within population women lower financial literacy men young old lower financial literacy respondents prime working age entrepreneurs higher financial literacy groups financial literacy also correlated higher educational levels study relationship financial literacy number economic outcome variables find financial literacy negatively related coping major expense facing income shock perceived overindebtedness however find statistically significant relationship financial literacy retirement planning finland