Women and Financial Literacy in Households: A Synthesis of Gender and Economic Literature
Keywords:
Family Economy, Women’s Empowerment, GenderAbstract
This study explores women’s financial literacy within the household setting, emphasizing women’s position as central economic actors in family financial management. Financial literacy is understood not merely as a technical competence, but also as a social practice influenced by gender dynamics, cultural values, and power relations within the family. Women are frequently responsible for organizing daily budgets, controlling regular household expenditures, and preparing for future family needs, while major financial decisions such as investments often remain under male authority. The findings indicate that women’s financial literacy significantly contributes to strengthening household economic stability, especially during economic disturbances such as inflation and financial crises. In addition, strong financial literacy helps women allocate family resources more effectively, thereby enhancing household welfare and minimizing social inequality. The study further highlights the need for policies that promote women’s empowerment through accessible and inclusive financial education programs in order to foster gender equality in household financial decision-making and increase women’s economic involvement in society.
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