This indicator reflects the proportion of individuals aged 25 and older who have an active financial account, whether independently or jointly held, at a bank or another recognized financial institution, or have engaged in mobile money services within the past year. Understanding this metric is crucial for assessing financial inclusion among older adults, as it highlights their access to financial resources, which can be pivotal for managing economic stability and independence. A higher percentage suggests increased engagement with formal financial systems, fostering better financial literacy and planning among this demographic. Additionally, it can indicate the effectiveness of policies aimed at enhancing access to financial services for older populations, thereby
promoting equitable economic participation.
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