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Contributor
Ajaya K. Swain
Digital Publisher
Digital Commons at St. Mary's University
Publication Date
Spring 2025
Keywords
Financial literacy; socioeconomic; barriers; literacy
Description
Financial literacy enables informed decisions, wealth building, and economic mobility.
• It is unevenly distributed across socioeconomic groups in the U.S.
• Key factors: parental income, education, occupation.
• Lower-income populations face greater financial vulnerability (Pew Research, 2024; FINRA Foundation, 2022).
• Improving literacy fosters stability, reduces welfare dependence, and boosts growth.
• Our study identifies barriers and recommends policies to close the literacy gap.
Format
Size
1 page
City
San Antonio, Texas
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
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Diversity, Equity, and Inclusion Commons, Race, Ethnicity and Post-Colonial Studies Commons