Financial Literacy

Financial literacy, encompassing the ability to manage personal finances effectively, is a growing area of research focusing on understanding its impact on investment decisions, financial well-being, and customer behavior. Current studies utilize machine learning techniques, including semi-supervised learning and multimodal fusion models (integrating diverse data sources like financial records, voice data, and behavioral patterns), to predict financial literacy levels and their consequences, such as churn prediction in financial services. These advancements offer valuable insights for developing targeted interventions, improving financial education programs, and enhancing the accuracy of risk assessment models in various sectors. The ultimate goal is to empower individuals to make informed financial choices and improve overall economic outcomes.