A Study on Impact of Financial Literacy on Individuals Financial Behaviour

Abstract: Financial Literacy has been recognized as a critical skill for individuals who are embedded in an increasingly complex financial scenario. Financial Literacy helps individuals make more assertive and efficient decisions in the monetary context of their lives. This paper measures individuals' financial literacy level and analyses the relationship and impact between financial Literacy and financial behaviour. The research results show that individuals have a reasonable level of financial Literacy. On analyzing the financial behaviour of individuals, it was found most of them exhibited moderately positive financial behaviour. It is also observed that financial Literacy can enhance people's skills and abilities to make more informed choices and ultimately lead to a positive financial behaviour. Thus one can conclude that increasing the level of financial education stimulates wise economic behaviour.

Keywords: financial Literacy, relationship, financial behaviour and impact.

Title: A Study on Impact of Financial Literacy on Individuals Financial Behaviour

Author: Dr. Ashwini M. Jamuni

International Journal of Social Science and Humanities Research 

ISSN 2348-3156 (Print), ISSN 2348-3164 (online)

Vol. 10, Issue 4, October 2022 - December 2022

Page No: 422-426

Research Publish Journals

Website: www.researchpublish.com

Published Date: 15-November-2022

DOI: https://doi.org/10.5281/zenodo.7323488

Paper Download Link (Source)

https://www.researchpublish.com/papers/a-study-on-impact-of-financial-literacy-on-individuals-financial-behaviour