Financial Literacy in Mexico

Financial Literacy in Mexico

Abstract

Financial literacy is defined as “the combination of awareness, knowledge, skills and behaviors necessary to make sound financial decisions and eventually achieve individual financial well-being,” according to INFE / OECD documents.

Given the importance of financial literacy, INFE designed the methodology to measure financial literacy (index) in 2015. The Financial Literacy Index in Mexico reveals that men have a greater degree of knowledge about financial aspects and behaviors about financial well-being . However, women denote a better attitude to saving money instead of spending it immediately. Financial literacy tends to be higher as the monthly income level increases

Full content of the publication

Tags

Financial literacy

Authors

Comisión Nacional Bancaria y de Valores

Additional Information

Date published

01/03/2019

Document Type

Researche

Geographies

Mexico, México

Target

General

Pages

30

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