Financial Literacy and Women
Gender equality in the sphere of both economic and financial turf is increasingly on the rise at both the national and international levels. With this scenario, the financial literacy of women and girls should not take backstage and should be seen as a way to improve their financial empowerment, opportunities, and well-being. This has been acknowledged by the G20 Leader’s Declaration in June 2012, as well as part of a wider horizontal OECD project on gender equality. Women around the globe are known for their outstanding management skills and multitasking in running a home and should not be dependent on men or anybody in taking financial decisions for investments or retirement plans, or insurance. As women make up around half the world’s population their participation and contribution are a must for any country’s development. Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing