A Study on the Extent of Financial Literacy among Tech-Savvy Young Adults in Mumbai City

After seeing the financial impact of coronavirus on many families, young adults in Mumbai are now getting interested in investing through different avenues using mobile phones and many other applications available at the tips of their fingertips, to save for their own and their family's future. They are also getting aware of the benefits of investing and through these investments, especially through their very owned device, they know that they can achieve their personal and financial goals. An online survey method containing 20 questions was used to get information from the respondents in Mumbai city. 43 tech-savvy respondents filled out the survey that was distributed via Google Forms. The result of the survey showed that young adults who invest or trade via online mode in different avenues are financially literate, whereas those who do not, either using technology or don’t do at all, were interested to know more about finance and investments. One thing that can be seen is that they have a strong attraction towards the world of finance using digital tools.