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Maheshwary, Rajiv Kumar
- Financial Literacy Levels amongst Salaried Women: Do they have a Bearing on their Financial Behaviour?
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Authors
Affiliations
1 Ph.D. Research Scholar, School of Management and Commerce, RIMT University, Mandi Gobindgarh, Punjab – 147301, IN
2 Professor cum Dean, School of Management and Commerce, RIMT University, Mandi Gobindgarh, Punjab – 147301, IN
1 Ph.D. Research Scholar, School of Management and Commerce, RIMT University, Mandi Gobindgarh, Punjab – 147301, IN
2 Professor cum Dean, School of Management and Commerce, RIMT University, Mandi Gobindgarh, Punjab – 147301, IN
Source
Journal of Business Thought, Vol 12, No 0 (2021), Pagination: 49-61Abstract
The introduction of a wide array of financial instruments, alongside increased complexity has rendered it crucial for financially vulnerable groups like women to understand the real premises on which they are centered as opposed to being simply aware of them. The study using statistical tools including Descriptives, ANOVA, Chi-Square, Factor analysis conducted during October 2020 - January 2021 assessed financial literacy levels among salaried women in Ludhiana City and its effect on financial behaviour, found the average financial literacy score to be 68%, being higher than OECD financial literacy survey score of 60.48%. Additionally, financial literacy had significant effect on respondents’ subsequent financial behaviour.Keywords
Demographics, Financial Behaviour, Financial Literacy, Salaried Women.
JEL Classification: D14, G40, G41, G50, G53
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