Financial Literacy among Individuals with Higher Income and Better Education a Study of Delhi NCR Region

Abstract

Ben Bernanke, the formal Federal Reserve Chairman, once said The financial newlinepreparedness of our nation s youth is essential to their well-being and of vital newlineimportance to our economic future. newline Financial literacy is knowledge and understanding of financial concepts and risks, newlineand the skills, motivation and confidence to apply such knowledge and understanding newlinein order to make effective decisions across a range of financial contexts, to improve newlinethe financial well- being of individuals and society, and to enable participation in newlineeconomic life (OECD-PISA 2012) . newline