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Financial Literacy During A Crisis: Financial Lessons Learned From Covid-19, Kirti Goyal
Financial Literacy During A Crisis: Financial Lessons Learned From Covid-19, Kirti Goyal
Management Dynamics
Background – Coronavirus Disease 2019 (COVID-19) has spawned a global health and financial crisis. It is high time we acknowledged the importance of financial literacy in preparing financially vulnerable households to get through tough times. Objective – This paper aims to highlight financial lessons learned from the pandemic, focussing on the role of financial literacy in the judicious financial behaviour. Material and methods – The paper amalgamates the concept, levels and outcomes of financial literacy, followed by the discussion on financial education. A framework is presented presenting the crisis’s impact on well-being and the noteworthy lessons. Results and conclusions – …