YOUTH FINANCIAL LITERACY IN UZBEKISTAN

Abstract

This research paper examines the current level of financial literacy among youth in Uzbekistan, identifies key challenges they face, and proposes effective strategies for improvement. Additionally, the study aims to understand how well young people aged 15 to 20 manage their finances. The financial literacy system is complex, providing young individuals with financial knowledge and skills has become a national priority because many teenagers still lack the necessary knowledge to make informed financial decisions. The study analyzes youth financial literacy knowledge and tries to explore how they can improve it. In addition, the paper explores how technology and education can help improve their financial behavior.  This research includes data collection and sampling methods. A survey of 20 teenagers who live in Surkhandaryo was conducted to assess their understanding of basic financial concepts, saving money, budgeting, and where they keep their money. The data was shown in the descriptive statistics.

 The result indicates that many teenagers have limited knowledge about where and how they keep and invest their money. However, students who study economics demonstrated a higher level of financial awareness compared to those in other fields.