Digital financial literacy and financial well-being
Source: Science Direct
This article explores the correlation between digital financial literacy and financial well-being within the context of Korean adults.
Through an analysis of data obtained from online surveys, this review elucidates the connection between digital financial literacy and financial well-being, pinpointing a substantial association primarily attributed to 2 key factors:
Financial knowledge;
Capacity to safeguard against digital fraud.
Notably, digital financial literacy exerts a more pronounced impact on financial well-being than mere financial knowledge, yielding significant effects across diverse socio demographic strata.