Exploring Financial Literacy and Life Challenges Among Coastal Communities in Kerala

This study surveys the financial literacy issues faced by communities along the coastlines in Kerala and its relation to post flood economic resilience and life satisfaction. Four main struggles with financial education access, lack of fluid movement from financial institution services to community needs, and cultural and economic instability emerged through factor analysis. We found that greater financial literacy correlates with higher savings rates, consistent income and debt management, and increased life satisfaction. Results: descriptive statistics and ANOVA are used to analyze financial literacy between age, gender and education groups. Results suggest the importance of community-specific financial education programs to promote economic resilience and improve well-being in these communities. Their findings highlight the importance of financial literacy interventions to promote economic empowerment and well-being in vulnerable coastal communities. Keywords: Financial Literacy, Economic Resilience, Coastal Communities, Life Satisfaction, Financial Education, ocio-economic Challenges