INCREASING PUBLIC AWARENESS OF FINANCIAL PRODUCTS AS A TOOL FOR ENSURING ECONOMIC GROWTH
Annotatsiya
Financial literacy is a crucial determinant of economic stability and growth, as it enables individuals to makeinformed fnancial decisions, manage risks effectively, and engage with fnancial innovations. This article explores therelationship between fnancial literacy and economic development, analyzing global trends and challenges with a particularfocus on Uzbekistan. The study examines fnancial literacy levels in both developed and developing countries, emphasizingthe role of fnancial education policies in enhancing fnancial awareness. Special attention is given to Canada's fnancialliteracy initiatives, which serve as a potential model for Uzbekistan. The fndings indicate that improving fnancial literacycan strengthen economic resilience, mitigate fnancial fraud, and promote the adoption of digital fnancial tools.