Evidence to millennials’ financial literacy: A Systematic Literature Review

Purpose This review has been carried out to assess the level of financial literacy among millennials and to find out the variables which affect financial literacy, knowledge, behaviour and attitude. Design/methodology/approach – This paper followed the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA). For this purpose, 311 articles were retrieved from EBSCO, EMERALD, JSTOR, JGATE, TAYLOR & FRANCIS between 2010 to 2024. Findings: The study found no strong correlation between financial attitude, behaviour and financial understanding. Many socio-economic factors also affect economic literacy. Originality/ value This review attempts to explore more variables and factors that affect financial literacy or an area that has rarely been studied.