The Effect of Financial Literacy on Poverty Reduction Among Retired Public Servants in Gombe State

This study examines the effect of financial literacy on poverty reduction among retired public servants in Gombe State, Nigeria. Using a descriptive research design and a desk review approach, the study synthesizes data from peer-reviewed journals, government reports, and other credible secondary sources. The findings reveal a significant positive relationship between financial literacy and economic stability in retirement, highlighting that financially literate retirees are better equipped to manage pensions, savings, and investments. However, many retirees in Gombe State experience financial instability due to inadequate financial planning, pension delays, and limited financial education. The study also identifies gender disparities in financial literacy, with female retirees facing greater financial challenges. Based on these findings, the study recommends integrating financial literacy into civil service training, organizing pre-retirement financial education workshops, improving retirees' access to financial services, and ensuring timely pension payments. Additionally, community-based financial literacy campaigns and policies promoting income diversification among retirees can further support poverty reduction efforts. Strengthening financial literacy initiatives is crucial for enhancing retirees' financial security and reducing poverty in Gombe State.