Relevance for demographic factor: Level of financial literacy

Title

Relevance for demographic factor: Level of financial literacy

Creator

Carline Mary Desdemona A.

Description

The study assesses the level of Financial Literacy of residents of Puducherry and investigates the impact of demographic characteristics on their Financial Literacy. A total of 637 residents residing in seven different blocks of Puducherry constituted the sample of the study. Multinomial regression model was used to see the impact of demographic variables on the levels of Financial Literacy. The results indicated that the level of Financial Literacy was affected by factors including gender, marital status, work status, level of education and number of financial dependents in a family. These statistically significant results suggested that male respondents who are married and have 3 financial dependents having self employment or salaried job living in rural areas tend to have high level of financial literacy. 2018 SCMS Group of Educational Institutions. All rights reserved.

Source

SCMS Journal of Indian Management, Vol-15, No. 1, pp. 68-77.

Date

2018-01-01

Publisher

SCMS Group of Educational Institutions

Coverage

Carline Mary Desdemona A., School of Education, Christ University, Hosur Road, Bangalore, Karnataka, 560029, India

Rights

Restricted Access

Relation

ISSN: 9733167

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85050507534&partnerID=40&md5=01e4eeac0b5133574afe68973af71dbe