EVALUATION OF FINANCIAL LITERACY AMONG URBAN WORKING YOUTH IN INDIA
Abstract
This research delves into the evaluation of financial literacy among urban working youth in India, with a focus on understanding their financial behaviour and attitudes. The study aims to assess the level of financial literacy and explore the financial decision-making processes and budgeting habits prevalent among this demographic. Drawing a sample from six major cities in India, encompassing diverse socio-economic backgrounds, data was collected through a questionnaire-based survey. Attributes such as gender, age, education level, marital status, family income, and living arrangements were considered due to their potential influence. Despite aiming for a sample size of 1,000, the usable sample was reduced to 754 after preliminary analysis. The findings highlight significant gaps in financial literacy among urban working youth, emphasizing the need for targeted interventions. Addressing socio-demographic disparities and promoting tailored financial education initiatives emerge as vital strategies to enhance financial well-being and decision-making outcomes in this cohort. This research contributes to the ongoing discourse on financial literacy enhancement, providing insights for policymakers, educators, and stakeholders. The study underscores the importance of holistic approaches in fostering financial empowerment among urban working youth in India, with implications for future research and policy interventions aimed at promoting financial inclusion and resilience in this demographic.
Keyword : Financial Literacy, Financial Knowledge, Financial Behavior, Financial Attitude, Youth, India
This work is licensed under a Creative Commons Attribution 4.0 International License.
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