I've seen multiple statements made in multiple places, forums, subs and even in-person events that made me scratch my head from people who claimed to be financially literate. What I've noticed is that unlike reading literacy, which is well established and measurable, financial literacy is almost mystical as a term when defined as if being a higher state of mental awareness versus perhaps a measurable state of knowledgeability. I use the fact that many people brag about their financial literacy but no one brags about "basic" reading literacy or general numeracy as though these are massively different concepts.
So, I am asking you what you think a person has to know to be able to claim to be financially literate?