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

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.