Influence of Financial Information Seeking Behavior on Financial Literacy of the Rural Residents

Abstract

Financial literacy is a path to well-being, economic development, sustainability, investments, and savings for individuals, especially rural residents. Based on this rationale, financial literacies are emerging as a crucial and critical factor in the research. This study reviews literature related to financial information seeking and Financial Literacy in order to formulate a conceptual framework. This review has identified a lack of literature in conjunction with these two keywords. However, by utilizing the existing literature, a conceptual model has been formulated. Literature search has been limited to SCOPUS indexed journals only. Empirical studies are recommended, and statistical inferences should be drawn in order to encourage future researchers to investigate the actual effects of these variables.