| Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. Since the global financial crisis in 2008, developed countries has studied the cause of it, and the rights-protection of financial consumer. They generally agreed that raising the financial literacy in a country,which can help consumer resist systemic risk in the event of financial crisis, is an important tool. Therefore, it improve the economic stability of the system to study Financial literacy. In addition, this study can also protect the rights and interests of financial consumers, and improve its wealth management status, by which this study increase the level of individual well-being and welfare of the society. Meanwhile, because of the relation among of financial literacy, personality and society, establishing the theoretical system of financial literacy, which explore how to improve the personal financial literacy, will have a profound impact on the fields of personal finance, financial education, financial sector development.On the other hand, because of the varying of the global financial products,financial consumers and investors need to understand not only the connotation of it,but also need to distinguish the recognition of financial risks. Foreign researches suggest that the global citizens is generally on low level of financial literacy. In background of household financial fragility, global pension reform, labor markets and global demographic, financial literacy should take more responsibility,especially the retirement pension wealth planning. Therefore, it should strive to improve their financial literacy is imperative for families or individuals.In this research, based on the result of foreign study, it study the definition and estimate of financial literacy. In the aspect of definition, it use the comparative analysis to study three kinds of financial literacy. And then,it define the financial literacy combining with China’s actual situation.In the aspect of estimation, the paperfocuses on financial literacy to define the content of the measure, assess financial literacy measurement tool design and financial literacy in three aspects of analysis and research, and the design and selection of the measurement tools and assessment methods can be widely used.This paper is divided into six chapters, the first chapter is an introduction, which describes the background and significance, research methods and theoretical framework of topics. The second chapter analyzes the theoretical background of financial literacy on the basis of financial theory describing the progress of literacy.The third chapter analyses the three definitions of methods, and to make the definition of financial literacy. In the forth chapter, financial literacy measure starting from the main content of the measure have been defined, developed a method of measurement tools to assess and measure. The fifth chapter analyzes the status quo of China’s national financial literacy, and how to improve the financial literacy of citizens put forward relevant proposals. Sixth chapter summarizes, concluded and also clarifies the inadequacies of this article. |
