Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Study of Financial Literacy Awareness among Working Employees, with Special Reference to the Telangana Region


Affiliations
1 Research Scholar, Department of Business and Management, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India
2 Professor, Department of Business and Management, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India
3 Professor, Head Department of Business Administration, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India
     

   Subscribe/Renew Journal


Financial literacy is the blend of one’s knowledge, skills, and manners regarding financial matters. It helps one make well-versed decisions and improve personal welfare. Research have been conducted globally for measuring the scope of financial literacy. Financial literacy study has been conducted at different levels through the governments in different areas; in addition, researchers are conducting surveys on it. This paper concentrated on financial literacy among working employees and to observe how well-resourced they are to take financial decisions. A survey has been conducted through a questionnaire to compute the attentiveness of financial literacy of working employees in the Telangana region. The study portrays that gender, education, income, and age impact the altitude of financial literacy; further, the focal point of a relationship in investment choice of the respondents is based on some parameters. All investment avenues, except marriage and post office schemes, have an impact on financial literacy. This paper will help one adopt suitable strategies to hunt for the altitude of financial literacy among the working employees.

Keywords

Financial Literacy, Investment Risk, Insurance, Working Employees
Subscription Login to verify subscription
User
Notifications
Font Size


  • Atkinson, A., & Messy, F.-A. (2012). Measuring financial literacy: Results of the OECD / International network on financial education (INFE) pilot study. Working Paper No. 15. OECD Publishing.

  • Chaoudhary, K., & Kamboj, S. (2017). A study of financial literacy and its determinants: Evidence from India. Asian Journal of Accounting Perspectives, 10(1), 52-72.

  • Huston, S. J. (2010). Measuring financial literacy. The Journal of Consumer Affairs, 44, 296-316.

  • Nga, J. K. H., Yong, L. H. L., & Sellappan, R. D. (2010). A study of financial awareness among youths. Young Consumers: Insight and Ideas for Responsible Marketers, 11(4), 277-290.

  • OECD INFE. (2011). Measuring financial literacy: Core questionnaire in measuring financial literacy: Questionnaire and guidance notes for conducting an internationally comparable survey of financial literacy. Paris: OECD. OECD International Network on Financial Education (INFE). Retrieved from https://www.oecd.org/

  • Sekar, M., & Gowri, M. (2015). A study on financial literacy and its determinants among Gen Y employees in Coimbatore city. Great Lakes Herald, 9(1), 35-45.


Abstract Views: 156

PDF Views: 0




  • A Study of Financial Literacy Awareness among Working Employees, with Special Reference to the Telangana Region

Abstract Views: 156  |  PDF Views: 0

Authors

Afreen Sulthana
Research Scholar, Department of Business and Management, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India
N. Subrahmanyam
Professor, Department of Business and Management, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India
P. Venkateshwara Rao
Professor, Head Department of Business Administration, KL Business School, KL University (Deemed to be University), Green Fields, Vaddeswaram, Guntur, Andhra Pradesh, India

Abstract


Financial literacy is the blend of one’s knowledge, skills, and manners regarding financial matters. It helps one make well-versed decisions and improve personal welfare. Research have been conducted globally for measuring the scope of financial literacy. Financial literacy study has been conducted at different levels through the governments in different areas; in addition, researchers are conducting surveys on it. This paper concentrated on financial literacy among working employees and to observe how well-resourced they are to take financial decisions. A survey has been conducted through a questionnaire to compute the attentiveness of financial literacy of working employees in the Telangana region. The study portrays that gender, education, income, and age impact the altitude of financial literacy; further, the focal point of a relationship in investment choice of the respondents is based on some parameters. All investment avenues, except marriage and post office schemes, have an impact on financial literacy. This paper will help one adopt suitable strategies to hunt for the altitude of financial literacy among the working employees.

Keywords


Financial Literacy, Investment Risk, Insurance, Working Employees

References