EXPLORING FINANCIAL LITERACY AND GENDER INEQUALITY: AN EMPIRICAL ANALYSIS OF HOUSEHOLD SPENDING IN LAHORE, PAKISTAN

Abstract

This paper will explore the connection between financial literacy and gender inequality in household expenditure in Lahore, Pakistan. It seeks to understand the impact of disparities in financial literacy between men and women on household financial decision-making and expenditure allocation. An empirical study is conducted with the help of a survey, and the data is gathered on a household level to investigate financial awareness, involvement in decision-making, and cost control. The results emphasized the idea that an increase in financial literacy may facilitate more balanced financial decision-making and decrease gender differences in household finances. The paper underlines the role of financial education in empowering women and enhancing the financial health of households.