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August 2, 2025International Journal of Advanced Research in Science Communication and TechnologyOpen Access

Understanding the Impact of Financial Literacy on Investment Decision-Making: A Systematic Review of Behavioral and Demographic Influences

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Authors

STSharad TiwariASA. K. Saxena

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Overview

Systematic review examines financial literacy, behavioral biases, and demographics affecting investment choices.

Key Points

  • Higher financial literacy is linked to better investment decision-making and reduced behavioral biases.
  • Financial literacy influences risk assessment and is affected by personal traits like financial experience and religiosity.
  • The review employs systematic frameworks, analyzing studies from diverse regions including India and Saudi Arabia.
  • Gaps in research highlight the need for targeted financial education and future investigations into psychological factors.

Cite This Study

Tiwari et al. (2025) studied this question.

synapsesocial.com/papers/689a0c7be6551bb0af8d0518https://doi.org/10.48175/ijarsct-28532
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  5. 5The Impact of Financial Literacy, Invesment Decision-Making, Risk Tolerance, and Behavioral Biases on Individual Invesment Performance2025 · 1 citations