International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development

E-ISSN: 2349-4182
P-ISSN: 2349-5979

Vol. 4, Issue 6 (2017)

Financial literacy and socio-economic status: A study of working and non-working women

Author(s): Dr. Achla Gakkhar, Dr. Dolly Rani, Manya Kohli
Abstract: Financial Literacy is a major challenge faced by all countries globally. Financial Literacy is the mix of one’s acquaintance skill and attitude towards financial matters. It helps to make informed decisions and wellbeing of an individual. Since we are in a growing global economy in the world, financial awareness and knowledge is very important to everyone, especially for the women. The participation of the women in economy will contribute to their own wellbeing as well as nation’s economic growth. Women are responsible for the household budget, household expenses, and savings for the emergency fund as well as income generation in such situation. So many financial transformations are happening. Hence the financial literacy is a vital part to engage the women in financial inclusion prevent them from financial malpractices and include them in a present economic growth. So the present study conducted to know the level of awareness about financial literacy and their association with socio & economics status among working and non – working women. It is concluded from the study that majority of the working women and non-working women (70% and 56% respectively) had high level of awareness towards saving and investment, while 30% of working women and 40% of non-working women had medium level of awareness. Associations of awareness towards saving and investment with the age, education and socio-economic status for working and non-working women were observed non-significant in the present study.
Pages: 506-508  |  781 Views  393 Downloads
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