THE INFLUENCE OF FINANCIAL LITERACY ON WOMEN’S WEALTH IN BANDUNG, WEST JAVA

Abstract

The current state of the financial industry is starting to provide various products and services to help individuals overcome their financial difficulties. To pursue the expansion of the financial industry, individuals must be financially literate in helping them manage their financial products and services. This paper aims to determine factors of financial literacy that influence women’s wealth accumulation. This research produced a simple conceptual framework on the relationship between financial literacy and women’s wealth accumulation based on literature synthesis. The framework suggested that financial knowledge, financial behaviour, and financial attitude will influence financial literacy. In contrast, as moderating factors, demographics will also influence women’s financial literacy. Thus, financial literacy will influence wealth accumulation.