The concept of financial literacy has its roots in the early civilizations where trade and currency began. Ancient societies like Mesopotamia and Egypt kept records of debts and assets, indicating early awareness of financial management. However, modern financial literacy emerged in the 20th century, when rapid industrialization and consumerism demanded that individuals understand personal finance. In the 1970s and 1980s, countries like the United States and the UK began incorporating basic financial education into school curriculums. By the 21st century, with the rise of credit cards, digital banking, and economic challenges like recessions, financial literacy became a global necessity. Today, it’s recognized as a life skill—essential for navigating everything from budgeting to investing, and even entrepreneurship.