LEVEL OF FINANCIAL LITERACY AND ITS ASSOCIATION WITH THE SOCIO-ECONOMIC VARIABLES OF WOMEN’S IN INDORE DIVISION
Abstract
With the deregulation and globalisation of the financial markets, financial literacy is becoming more and more crucial. There are more investing alternatives as a result of better access to credit cards and personal loans. One study found that Indians make good savers but poor investors. Although the nation's saving rate is increasing year after year, growing consumption costs and a change in lifestyle have led to rising personal and household debt. Investor savings are insufficient in nations like India, where the government offers almost no social security, to cover expenses and maintain a similar standard of living after retirement. Despite the fact that investors have access to a wide range of diverse investment possibilities, this can be explained in one of several ways. Investors' financial security is put at risk as a result. Investors must therefore be able to handle their money wisely while keeping in mind their own financial aims and goals. They also need to be more educated about the economic factors that influence their financial decisions, as well as the financial market and all of its numerous components.
Keyword : Financial Literacy, Socio-economic variables, Indore Division
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