Financial literacy refers to the knowledge and understanding of various financial concepts such as budgeting, saving, investing, and managing debt. It encompasses the ability to make informed financial decisions and is crucial in helping individuals achieve financial stability and security. Research in financial literacy aims to identify the factors that influence an individual's financial knowledge and behaviors, as well as develop effective strategies for improving financial literacy among different populations. This research area is important in promoting financial well-being and empowering individuals to make sound financial decisions for themselves and their families.