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An Empirical Study on Measuring the Association between Job Status of Individuals and their Current Financial Condition


Affiliations
1 Department of Humanities, PSG College of Technology, Coimbatore, Tamil Nadu, India
2 Department of Commerce, PSG College of Arts and Science, Coimbatore, Tamil Nadu, India
3 Management Development Institute of Singapore, Singapore
 

Job status of individuals is generally applied as a determinant in measuring their financial status. The job is linked with the salary earned by an individual, who is a part of any family household. This study aims to measure the association that prevails between job status of individuals and their current financial condition. The study confirms the fact that, influences of job on the employees' including private sector workers' life-style and socio-economic status are more related to emotional feel. The study suggests that wise investment pattern and strategic financial planning can support both self-employed persons and employees working in either public or private sectors in enhancing their current financial conditions.

Keywords

Financial Conditions, Financial Literacy Level, Financial Status, Job Status.
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  • An Empirical Study on Measuring the Association between Job Status of Individuals and their Current Financial Condition

Abstract Views: 476  |  PDF Views: 323

Authors

V. Santhi
Department of Humanities, PSG College of Technology, Coimbatore, Tamil Nadu, India
R. Sudha
Department of Commerce, PSG College of Arts and Science, Coimbatore, Tamil Nadu, India
Aishwariya Sankaranarayanan
Management Development Institute of Singapore, Singapore

Abstract


Job status of individuals is generally applied as a determinant in measuring their financial status. The job is linked with the salary earned by an individual, who is a part of any family household. This study aims to measure the association that prevails between job status of individuals and their current financial condition. The study confirms the fact that, influences of job on the employees' including private sector workers' life-style and socio-economic status are more related to emotional feel. The study suggests that wise investment pattern and strategic financial planning can support both self-employed persons and employees working in either public or private sectors in enhancing their current financial conditions.

Keywords


Financial Conditions, Financial Literacy Level, Financial Status, Job Status.

References





DOI: https://doi.org/10.15613/hijrh%2F2016%2Fv3i2%2F136491