Making the right decisions on economic and financial matters is critical to pursuing these opportunities. And this requires knowledge and training. Financial literacy plays a key role in helping us recognize and taking advantage of these emerging opportunities. Financial literacy helps us to improve our financial well-being, and by so doing, improve the overall quality of our lives.
Financial literacy includes basic numeracy skills, as well as the information and knowledge required to function as an active and empowered consumer of financial services. Financial literacy provides the foundation for saving and investing wisely and is the basis for the responsible use of credit and money.