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Policy Papers and Research

Measuring and Profiling Financial Literacy in South Africa

In this article, researchers investigated whether various consumers in South Africa have the skills needed to make important financial decisions. They studied access, use, and attitudes towards financial services in order to compare various demographic and economic characteristics. They concluded that there are definite variations in levels of financial literacy by age group, level of education, province of residence, and race group. Their findings can be used to identify the  areas of emphasis that will best assist in the financial education of various economic groups.

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Source details: South African Journal of Economic and Management Sciences; ISSN: (Online) 2222-3436, (Print) 1015-8812; Authors: Elizabeth L. Nanziri Murray Leibbrandt.

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