Impact of financial literacy on financial decisions and financial outcomes of employees working in it sector (with special reference to Coimbatore)
M Shanthini Devi, Dr. S Saravanan
The term financial literacy has evolved over the years and has become a focus area for researchers and policy makers across the globe in the recent years. Financial literacy refers to the set of skills and knowledge that allows an individual to make effective decisions through the understanding of financial terms and instruments. The outcomes of financial decisions have significant implications for an individualís financial security and standard of living. This study seeks to explore the impact of financial literacy on financial decision and financial outcome. The primary data for the purpose of study have been collected through structured questionnaire from 756 employees working in IT Companies within city limits of the Coimbatore District of Tamil Nadu, India. Based on the results of the study suggestions has been given.