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Financial Literacy, Confidence Figure in Stock Market Participation

October 19, 2022

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Read time:

<5 mins
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Presented by The Record

A person’s level of financial literacy plays a significant role in how involved they are in the stock market, but it is not the only factor. According to a study by the University of Michigan, research shows that people who are more financially literate invest their money at higher rates, and those with greater confidence are more willing to make riskier investments. The study found that people with both high financial literacy and high confidence in themselves and the economy are more likely to invest in stocks than lower-risk investments like bonds.

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