Factors that Influence Financial Literacy and it’s effect to the levels of financial stability of Teachers

Financial literacy is a key component in the economic success of individuals and the quality of life in their communities (Kerzner, 2017). Furthermore, it has been argued that financial literacy can be improved through providing teachers with financial literacy training (Rouse, 2016). Moreover, studies have shown that higher levels of financial literacy are associated with higher levels of financial behaviors, such as saving and investing, as well as with better decision-making abilities (Santos, 2016).