Socio-Economic and Demographic Determinants of Indian Youth Financial Literacy

2017 ◽  
Vol 8 (4) ◽  
pp. 15-28
Author(s):  
Jehangir Pheroze Bharucha
Keyword(s):  
Multivariate Analysis ◽  
Financial Literacy ◽  
Educational Level ◽  
Literacy Education ◽  
Descriptive Statistics ◽  
Capital City ◽  
Financial Capital ◽  
Explanatory Variables ◽  
High Level ◽  
Existing Data

The purpose of this study is, with the existing data about the level of financial literacy at hand, to examine which factors actually determine the level of personal financial literacy among the youth in India's financial capital city. A total of 650 completed and returned questionnaires have finally been used for the purpose of this study. The data analysis uses descriptive statistics and multivariate analysis. The explanatory variables are gender, district of residence, educational level, father's educational level, employment, marital status and parenthood. Findings of the study depict that having children is the most positively correlated (+0.327) with financial literacy. Education (+0.245) and employment (+0.140) are positively correlated with financial literacy. It is also concluded that females are less likely to have a high level of financial literacy (-0.271) compared to males.

Determinants of Financial Literacy Among Indian Youth

2019 ◽  
pp. 154-167 ◽  
Author(s):  
Jehangir Pheroze Bharucha
Keyword(s):  
Multivariate Analysis ◽  
Data Analysis ◽  
Marital Status ◽  
Financial Literacy ◽  
Educational Level ◽  
Descriptive Statistics ◽  
Capital City ◽  
Financial Capital ◽  
Explanatory Variables ◽  
High Level

The purpose of this study is to examine which factors actually determine the level of personal financial literacy among the youth in India's financial capital city. A total of 650 completed and returned questionnaires have been used for the purpose of this study. The data analysis uses descriptive statistics and multivariate analysis. The explanatory variables are gender, district of residence, educational level, father's educational level, employment, marital status, and parenthood. Findings of the study depict that having children is the most positively correlated (+0.327) with financial literacy. Education (+0.245) and employment (+0.140) are positively correlated with financial literacy. It is also concluded that females are less likely to have a high level of financial literacy (-0.271) compared to males.

Determinants of Financial Literacy Among Indian Youth

2021 ◽  
pp. 565-578
Author(s):  
Jehangir Pheroze Bharucha
Keyword(s):  
Multivariate Analysis ◽  
Data Analysis ◽  
Marital Status ◽  
Financial Literacy ◽  
Educational Level ◽  
Descriptive Statistics ◽  
Capital City ◽  
Financial Capital ◽  
Explanatory Variables ◽  
High Level

The purpose of this study is to examine which factors actually determine the level of personal financial literacy among the youth in India's financial capital city. A total of 650 completed and returned questionnaires have been used for the purpose of this study. The data analysis uses descriptive statistics and multivariate analysis. The explanatory variables are gender, district of residence, educational level, father's educational level, employment, marital status, and parenthood. Findings of the study depict that having children is the most positively correlated (+0.327) with financial literacy. Education (+0.245) and employment (+0.140) are positively correlated with financial literacy. It is also concluded that females are less likely to have a high level of financial literacy (-0.271) compared to males.

The Levels of Financial Literacy in Kampala, Uganda: A comparative analysis using objective and subjective measures

2020 ◽  
Vol 8 (03) ◽  
pp. 1645-1660
Author(s):  
Colin Agabalinda ◽  
Alain Vilard Ndi Isoh
Keyword(s):  
Comparative Analysis ◽  
Financial Literacy ◽  
Employment Status ◽  
Financial Education ◽  
Descriptive Statistics ◽  
Formal Sector ◽  
Policy And Practice ◽  
High Level ◽  
Objectively Measured ◽  
Status Level

The study presents a comparative analysis of objectively measured and subjectively measured financial literacy in Kampala, Uganda. Financial literacy levels were measured and compared by the demographic characteristics of age, gender, employment status, level of education, and access to financial education. Survey data from a sample of n = 351 adults proportionately selected the five administrative divisions of Kampala in Uganda was analyzed using descriptive statistics, Exploratory Factor Analysis (EFA), and the Analysis of Variance (ANOVA). The findings reveal a high level of self-assessed financial literacy and a low level of objectively measured financial literacy among respondents. On the overall, respondents have a limited understanding of basic concepts of interest rate, inflation, and securities, thus suggesting overestimated levels of financial literacy among people in Kampala. The study finds the overestimation problem more prominent among younger people, and those employed in the formal sector. Further, financial literacy (both objectively and subjectively measured) is higher among men than women; and also higher among the respondents that have had prior financial education. Our findings have vital implications for policy and practice: First, is that financial education is a useful tool in promoting financial literacy. Second, financial education programs in Uganda need to proactively target women, persons aged 35 yrs and above, and self-employed persons operating in the informal sector. Third, there is an urgent need for financial educators to promote awareness on the need for financial education, especially among segments with overestimated levels of financial literacy.  

scholarly journals Bagaimana Literasi dan Perilaku Keuangan pada Generasi Milenial?

Telaah Bisnis ◽  
2021 ◽  
Vol 20 (1) ◽  
pp. 1
Author(s):  
Mega Noerman Ningtyas ◽  
Novi Lailiyul Wafiroh
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Social Life ◽  
Literacy Education ◽  
Financial Behavior ◽  
The Public ◽  
High Level ◽  
And Behavior ◽  
Attitudes And Behavior ◽  
Positive Effect

The rise of illegal investment in Indonesia has made the OJK more vigorously conducting financial literacy education to the public. It is hoped that victims of illegal investment can be minimized in such a way that they can increase inclusion and public trust in financial services institutions and products in Indonesia. Research shows that individuals who have a high level of financial literacy will tend to do good financial planning such as: saving, making budgeting, paying debts on time and investing. This study aims to measure the level of financial literacy and how it affects financial behavior in millennial generations. Millennial generation here is the generation born between 1980-1994. This generation has unique characteristics where it is very concerned about social life and tends to be more consumptive than the previous generation. This is what makes it difficult for this generation to wisely manage finances. The results of this study indicate that financial literacy shows a significant positive effect on financial behavior. From this research it can be said that differences in knowledge will lead to differences in attitudes and behavior.

scholarly journals Characterization of the Localized Agri-Food System (SYAL) for the Andean blueberry (Vaccinium meridionale Swartz) in the Boyaca Department, Colombia

2021 ◽  
Vol 15 (1) ◽  
Author(s):  
Santiago Quevedo-Rubiano ◽  
Yesid Aranda-Camacho ◽  
Gustavo Adolfo Ligarreto-Moreno ◽  
Stanislav Magnitskiy
Keyword(s):  
Principal Component Analysis ◽  
Multivariate Analysis ◽  
Food System ◽  
Multiple Correspondence Analysis ◽  
Principal Component ◽  
Descriptive Statistics ◽  
Categorical Variables ◽  
Business Competitiveness ◽  
High Level

The Andean blueberry (Vaccinium meridionale Swartz), known locally as agraz, possess a high level of anthocyanins and antioxidants and represents a socio-economical, environmental, and cultural alternative in Colombia. However, a characterization of the agri-food system has been done, limiting strategies for its valorization. The objective of this study was to characterize the Localized Agri-food System (SYAL) of the Andean blueberry in the Occidente and Ricaurte provinces of the Boyaca Department of Colombia. Three analytical axes were used within the SYAL approach: territorial anchorage, activation processes, and links between product quality and territory. The farmer product circuit methodology was used to identify agents linked to the product commercialization chain in the territory, and their participation was estimated. Data treatment was performed with descriptive statistics and multivariate analysis, specifically principal component analysis for numerical variables and multiple correspondence analysis for categorical variables. A SYAL was evident in the early stages of consolidation, with exceptional adaptations to the biophysical conditions in the territory. Finally, four groups of actors were identified, where the main discriminating variable was membership in an organization of farmers, a determining condition for business competitiveness in the territory.

Financial Literacy Education Through Fiqh Mu'āmalāt Learning

2019 ◽  
Author(s):  
Adib Rifqi Setiawan
Keyword(s):  
Research And Development ◽  
Financial Literacy ◽  
Lesson Plan ◽  
Literacy Education ◽  
Assessment Instrument ◽  
Learning Program ◽  
Development Study

The goal of this research and development study is to gain the design for financial literacy education through fiqh mu’āmalāt learning program. It was gained a syllabus that completed by lesson plan, student worksheets, nor assessment instrument as well, that validated by experts and practitioners and reliability counted based on test.

The Two Spectacular Achievements of CFPTRW, Banasthali Vidyapith in Financial Literacy Education in India

2015 ◽  
Author(s):  
Harsh Purohit ◽  
Nidhi Choudhary ◽  
Divya Mehta ◽  
Parul Tyagi ◽  
Monika Dwivedi
Keyword(s):  
Financial Literacy ◽  
Literacy Education ◽  
Education In India

Can Financial Literacy Education Reduce the Use of Medicaid and SNAP?

2020 ◽  
Author(s):  
Abdullah A. Al-Bahrani ◽  
Darshak Patel ◽  
Jamie Weathers
Keyword(s):  
Financial Literacy ◽  
Literacy Education

Living beyond one’s means: evidence from Malaysia

2015 ◽  
Vol 43 (1) ◽  
pp. 2-18 ◽  
Author(s):  
Yiing Jia Loke
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Financial Distress ◽  
Financial Management ◽  
Practical Knowledge ◽  
Financial Education ◽  
Financial Knowledge ◽  
Content Type ◽  
Explanatory Variables ◽  
Financial Behaviour

Purpose – The purpose of the paper is to identify the determinants of the probability of living beyond one’s means. The paper also explores the coping mechanisms of those financially distressed as well as the debt taking behaviour of consumers. Design/methodology/approach – The study uses data obtained from the OECD International Network on Financial Education pilot study on Measuring Financial Literacy in 2010 for the case of Malaysia. A logistic regression model is used to identify the main determinants of the probability that a consumer will live beyond his/her means. The analysis is carried out by using a set of socio-economic factors and the individual’s financial behaviour and attitudinal characteristics as explanatory variables. Findings – The findings indicate that low income and seasonal income earners are more vulnerable to financial distress. Furthermore, having a higher education, higher financial knowledge and prudent financial behaviour and attitude do not necessarily translate into better financial management. Family and friends provide the main source of financial assistance in times of need. Research limitations/implications – The assessment of financial knowledge should go beyond individual’s knowledge on financial concepts and theories. Practical knowledge on financial and cash flow management should be assessed. Practical implications – The study reiterates the importance of financial education. It is imperative to include financial education as part of the schools’ curriculum and also to be incorporated as part of the Continuous Professional Development modules for working adults. Originality/value – The study is based on the first nationwide study of consumer finances in Malaysia. It contributes to the literature by integrating financial behaviour and attitudinal factors into the analysis of the ability of individuals to live within their means. The findings also show the limitations of the existing self-assessment of financial behaviour and attitude and the assessment of financial knowledge.

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