IMPROVING BASIC LITERACY SKILLS AMONG ASNAF YOUTH TO EMPOWER THEIR FINANCIAL LITERACY

Abstract

This study explores the intersection of basic literacy and financial literacy among Asnaf youth, a group often marginalized in terms of socio-economic opportunities. The research aims to understand how improving fundamental literacy skills can empower these youths to achieve financial literacy, thus enhancing their overall economic stability and independence. By utilizing a qualitative research method, this study draws on in-depth interviews, focus group discussion, and participatory observations in capturing the lived experiences and challenges faced by Asnaf youth in acquiring basic and financial literacy. The findings reveal that literacy skills serve as a crucial foundation for financial literacy, enabling Asnaf youth to better manage their finances, make informed financial decisions, and eventually break the cycle of poverty. The research demonstrates how education needs to use specific approaches which meet the unique needs of Asnaf youth, recommending a holistic approach that integrates literacy education with practical financial training. The research highlights a pathway towards greater financial inclusion and long-term economic empowerment by empowering these youths with the necessary skills.