The lack of financial literacy among women presents a significant challenge with far-reaching implications. For many, reliance on male relatives for financial transactions reflects not just a practical necessity but a deeper issue of confidence and knowledge. This dependency can leave women vulnerable to disruptions in their financial activities if their male relatives are unavailable. Moreover, while societal shifts have seen women making strides in various fields, financial literacy remains an area where many lag behind. Even educated women from urban middle-class and upper-class backgrounds may struggle with basic banking tasks in an increasingly digital landscape. To address this, a multi-pronged approach is essential. Integrating financial literacy into education systems can ensure foundational knowledge from a young age, while targeted programs and capacity-building initiatives can empower women across different demographics. Equipping women with the skills and knowledge to manage their finances independently not only promotes economic empowerment but also fosters greater societal resilience and inclusivity. By prioritizing financial education and empowerment for women, societies can help bridge the gender gap in financial literacy and promote greater economic independence and stability for women across all segments of society.
