What impact does financial literacy have on decision-making and financial outcomes? How is financial literacy tested? In this episode, we help listeners understand why financial literacy is vital in terms of financial well-being. Learn the definition of financial literacy, how financial literacy relates to economic outcomes, the differences between people who are financially literate and those that are not, and the contribution of financial knowledge to human capital. We discuss the topic through the perspective of several papers that will challenge how you think about financial literacy and the questions to ask yourself to test your financial understanding. Then, we talk about this week's book review regarding the effects of technology on communication and the various distractions associated with a traditional work environment. We also go through the various reviews received about the show and what we have planned for the Rational Reminder community. Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-217-the-expected-returns-of-financial-literacy/19094 Books From Today’s Episode: Reclaiming Conversation: The Power of Talk in a Digital Age — https://amzn.to/3cUAueX The Art of Gathering: How We Meet and Why It Matters — https://amzn.to/3BhzjQc Links From Today’s Episode can be found on: http://rationalreminder.ca/podcast/217