Financial Literacy and Financial Behavior: An Evidence of Linkage in Albanian Context

This paper is an effort to undertake and analyze a survey of not only a detailed financial literacy but also to see a correlation between financial knowledge and the financial behavior among individuals (who represent households) considering socioeconomic factors. A quantitative approach was adopted for this study, utilizing questionnaire survey as the main research instrument, and factor analysis, analysis of variances, and correlative techniques are efficiently used. A positive significant correlation between financial literacy and financial behavior is expected. Moreover, less educated individuals and lower-income ones are expected to have lower financial literacy and lower behavior performance