Аннотация:
Recently, fi nancial literacy has been an important issue to discuss all over the world.
By increasing the financial literacy level of a nation, we can improve the welfare level
of the country. Kazakhstan has not been a subject of research of this topic. Having
conducted an original survey throughout the whole country, I find that the financial
literacy level is relatively low at the moment. Because of that, nancial participation
of the population in general is weak. Adapting two probit models I estimate the ef-
fects of financial literacy and internal migration from rural to urban area on financial
inclusion.