Kamer Karakurum-Ozdemir|Melike Kokkizil|Gökçe Uysal
Financial Literacy in Developing Countries
World Bank Group|University of Milano-Bicocca|Bahçe?ehir University
focusing different faades financial wellbeing wealth accumulation retirement planning various determinants financial wellbeing unearthed financial literacy emerged crucial factor increases financial wellbeing hence financial literacy important policy instrument increase financial wellbeing individuals particularly given relatively easy implement paper attempt pave way policies group middle income countries namely mexico lebanon uruguay colombia turkey establishing financial literacy levels identify least financially literate groups country facilitate targeting public policy find women younger adults individuals cannot read write official language country residence lower financial literacy scores line previous findings literature developed countries results indicate financial literacy increases education also show years education also quality mexico turkey large regional differences must addressed also find differences financial literacy across countries persist even differences structural characteristics taken account partial explanation may provided differences financial inclusion