The world is growing daily and become globalised day in day out.. Why won't we also need to follow the financial trend which is going about and then get a better result out of it.. Financial illiteracy is a problem most of the developed countries will face because when they are developed, and the people or citizens leaving there are not up to that pace, it will create a problem to them and also being a set back to their finances..

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To start with, what is financial illiteracy?? Financial illiteracy can simply be said as when one lack a good knowledge about finances and can not fit in any where when it comes to finances. When one lacks financial knowledge, he or she won't be able to to flow and relate when ever it comes to financial talk. This will in turn affect the society where this kind of person is and can caused disaster to the financial sector of a society.

Brooding financial illiteracy people in the world, should be curtailed and put into a drastic hole there by not allowing it to surface in a society.. There are some ways in which this financial illiteracy can be worked out to solve this menace in the society and avoiding the spread of it amongst the younger generation..

First is, Creating an awareness that will put them to the right path
Second, creating a basic education of finance to everyone around the society.
Third, ensuring you imbibe a culture of finance 8n the system to teach people about finances so they will have board knowledge about it..

What are some effects financial illiteracy has caused or can cause?

1. This can create miscreants in the society if not we'll managed.
2. Some might loose their insanity in the process.
3. It will make the financial sector of the society unstable because you won't have a. Better person to trust...

These are some things we all should take into consideration if we really want to fight the menace of financial illiteracy and not to allow it get into a deep part of the society...

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