Financial Literacy Research in China: The Progress and the Role of Social Work

Growing income disparity, expanding financial markets, and diversifying financial products have pushed economically vulnerable groups in China into greater disadvantage in recent decades, resulting in a call for financial literacy. Compared with the research in developed countries, studying financial literacy is relatively new in China. Based on a literature review of studies on financial literacy in China, this paper presents the current progress and the gaps in both theory and methods. To address the gaps, social work can and should contribute to this area