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ISSN 25083155 eISSN 2508464XThe International Review of Financial ConsumersCONTENTSVol. 4, No. 2, 2019 Professor Junghai Yoon (retiring in February 2020)The Assessment of Financial Literacy: The Case
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Financial literacy refers to the ability to understand and effectively use various financial skills, including personal finance management, budgeting, and investment strategies.
Individuals and organizations seeking financial education or assessment may be required to file financial documents based on their income levels, tax obligations, or other financial activities.
To assess financial literacy, individuals should gather relevant financial documents, use online assessment tools, and ensure they accurately reflect their knowledge and skills in managing finances.
The purpose of assessing financial literacy is to evaluate one's ability to make informed financial decisions and improve overall financial health.
Information to report may include income, expenses, budgeting habits, knowledge of loans and investments, and the ability to read financial statements.
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