Financial Literacy - The Demand Side of Financial Inclusion

ArXiv ID: ssrn-1958417 “View on arXiv”

Authors: Unknown

Abstract

Financial literacy has assumed greater importance in recent years especially from 2002 as financial markets have become increasingly complex and the common man

Keywords: Financial Literacy, Consumer Finance, Behavioral Finance, Risk Management, Multi-Asset

Complexity vs Empirical Score

• Math Complexity: 1.0/10
• Empirical Rigor: 2.0/10
• Quadrant: Philosophers
• Why: The paper is a conceptual discussion on financial literacy and inclusion, with no advanced mathematics or quantitative models; empirical work is limited to anecdotal examples and policy references without data analysis or backtesting.

  flowchart TD
    A["Research Goal: Assess demand-side factors for financial inclusion"]
    B["Methodology: Behavioral finance & risk analysis of multi-asset portfolios"]
    C["Data: Survey data on financial literacy & market complexity trends"]
    D["Computation: Statistical analysis & asset allocation modeling"]
    E["Key Findings: Higher literacy increases market participation & risk management"]
    A --> B
    B --> C
    C --> D
    D --> E