1. Women have higher financial literacy than men. Further analysis shows women more dominant in financial behaviour while men tend to be more knowledgable.
2. Financial literacy closely related with age with pattern of an increasing financial literacy until at certain ages before starting to decline
. Level of education influence the financial literacy level. Higher education level, shows higher financial literacy.
. The higher preference of risk aversion, the higher financial literacy
5. Household income highly influence the financial literacy. The higher the household income, the higher the financial literacy. However the increase on financial literacy show decreasing trend.
Distance from home to the nearest bank show negative correlation with the financial literacy. As the distance getting further, financial literacy in that area will be low.