Level of Financial Literacy of Women Informal Sector Workers on Welfare and Professionalisme (original) (raw)
Related papers
The Influence of Financial Literacy Towards Financial Management and Its Impact on Family Welfare
Proceedings of the 1st Paris Van Java International Seminar on Health, Economics, Social Science and Humanities (PVJ-ISHESSH 2020), 2021
Based on survey from Indonesian Financial Services Authority, the number of people considered well literate of financial literacy in Indonesia is 21.84%. Further data showed that financial literacy rate of housewives in Indonesia is 2.13%. This bring concerns considered that in managing the family money, housewives played significant role that will affect the family condition. This research is created using quantitative method to further study how financial literacy influences financial management of housewives and family welfare; and how financial management of housewives influences family welfare. The population were housewive of Islamic Community in Jakarta, ages between 18-60 years old. There were 200 respondents, selected by using purposive sampling. Data are gathered by using questionnaire which consists of 19 closed-ended statements, with 1-7 Likert scale. Structural Equation Modeling (SEM) is used to analyze each variable's relationship. The final result found that financial literacy has significant influence toward financial management and family welfare, and financial management has significant influence on family welfare.
Financial literacy and effective sources of information: A study of working and non-working women
International journal of applied research, 2016
Literacy is a key indicator of development. Today the people are more aware about the education but only literacy is not adequate. Financial Literacy means that one is literate in the issues of managing money (including, saving, budgeting, investing, credit, insurance and taxes) and utilizes that knowledge to gain personal welfare through financial security. It helps to make informed decisions and well-being of an individual. In today’s world which has a market with complicated products, the need for financial literacy becomes predictable. Hence the financial literacy is a vital part to engage the women in financial inclusion prevent them from financial malpractices and include them in a present economic growth. This paper therefore aims to analyze the level of awareness and practice of working and non-working towards saving and investment and effective sources of information regarding financial literacy. It is concluded from the study that majority of the working women and non-work...
SOCIAL-ECONOMIC EMPOWERMENT OF WOMEN THROUGH FINANCIAL LITERACY
Journal of positive school psychology, 2022
This article plans to examine financial education as a necessary piece of destitution mitigation programs through ladies' financial investment. Financial education is an ally in expanding financial investment. Financial education is a bunch of data that alludes to a person's capacity to evaluate and choose the utilization and the executives of cash. The strategy utilized in this study is a writing audit of a few articles connected with the exploration point and other report records and significant contextual analyses. Economic interest is a vehicle for ladies with an end goal to diminish destitution in the financial area. Female's monetary investment won't work as expected without great monetary education. In other words, monetary proficiency emphatically upholds ladies' financial cooperation in light of the fact that in the information on such investment, the utilization and the executives of funds are specially required. Notwithstanding, females' monetary proficiency is apparently still low, coming to just 25%. This has suggestions for the accomplishment of ladies' monetary support, which is likewise beneath the norm, just coming to 36.62%. Hence, monetary proficiency for ladies is another public option strategy for neediness decrease programs. A sample of 139 respondents was collected from respondents through a "standard questionnaire," which was created on a five-point interval scale.
Journal of Business Thought
The introduction of a wide array of financial instruments, alongside increased complexity has rendered it crucial for financially vulnerable groups like women to understand the real premises on which they are centered as opposed to being simply aware of them. The study using statistical tools including Descriptives, ANOVA, Chi-Square, Factor analysis conducted during October 2020 - January 2021 assessed financial literacy levels among salaried women in Ludhiana City and its effect on financial behaviour, found the average financial literacy score to be 68%, being higher than OECD financial literacy survey score of 60.48%. Additionally, financial literacy had significant effect on respondents’ subsequent financial behaviour.
An Empirical Study on Financial Literacy Level of Salaried Females in Delhi
Pacific Business Review International, 2016
After promoting women employment, it is of immense need for our economy to take into consideration the fact that where and how they are spending or investing their funds. For appropriate utilization of funds, women need to be financially literate. In a metro city, Delhi, this study is conducted to determine the level of financial literacy among Salaried Females. Financial Literacy is a sum of financial attitude, financial behavior and financial knowledge. In the given study these three variables were analyzed to determine the level of financial literacy among working women in Delhi. It has been determined that the level of financial attitude score, financial behavior score, financial knowledge score and financial literacy score is not at par as desirable. The hypothesis of average scoreshas been tested by applying t-test which confirms the deviation in the values. Also the correlation between the three variables and Score of financial literacy is also determined. The methodology used is similar to the methodology recommended by OECD INFE in their studies on Financial Literacy. The results concluded that there is an average level of financial literacy among the salaried females of Delhi, which is matter of concern.
Association Between Demographics and Financial Literacy of Women
ComFin Research
Financial literacy is fundamentally spreading the awareness of good money and management practices. It includes all currency transactions made by a person, such as income, expenses, savings, loans, and investments. Financial literacy is a process of making sense of and indulgent financial issues and situations. In the present study, authors have presented an association of demographic factors towards financial literacy among women in Vizianagaram, Andhrapradesh. The sample size of 540 women from various areas of Vizianagaram has been incorporated for the research. A structured questionnaire designed on a 5 point Likert scale has been used based on a simple sampling method. The association between independent variables, i.e., demographic factors, is investigated by applying One-way Anova for hypothesis testing. The findings revealed that the financial literacy of women has a moderate association with demographic factors.
Financial literacy and its relationship with sociodemographic variables
Economics & Sociology
he aim of this research is to determine if there is a significant difference between the socio-demographic population groups in relation to financial literacy in Mexican adults, between 18 and 70 years old. It is assumed that there is a significant difference in financial literacy levels according to age, gender, educational level, residence, region, marital status, household position, economic dependents, work conditions, job position, income, material and financial wealth, and financial experience. The method is derived from the approaches of Lusardi and Mitchell (2011a), OECD (2018), OECD (2017) and Atkinson and Messy (2012). Data from the Mexican survey ENIF (2018) are used. The methodology and the use of microeconomic data provide originality on the research of financial literacy for Mexico. The results of the Probit econometric model show sociodemographic variables that help to predict the probability that Mexican adults will answer the financial literacy questions correctly a...
Relationship Between Various Determinants and Dimensions of Financial Literacy Among Working Class
International Journal of Financial Research
The purpose of this empirical research work was to identify the relationship between various determinants of Financial Literacy among the working class of National Capital Region of India. It was a descriptive study based on the survey of 596 working class respondents. The data has been analyzed by factor analysis, correlation and regressions analysis. Based on the factor analysis, three factors have been found of financial knowledge, three factors of financial behaviour and in a similar manner four factors of financial attitude have been extracted. Further, based on the multiple regression models the contribution of financial attitude has been found highest in explaining the financial literacy and it has been followed by financial behaviour and financial knowledge. It means that both financial attitude and financial behaviour are better estimators of financial literacy in comparison to the financial knowledge. Therefore, the policy makers, financial system regulators and government...
Financial Literacy and its Determinants among Households in Jimma Zone
2020
Financial literacy become a topical issue in academics and policy circles, both in developed and developing countries, for the fact that low level of financial literacy prevailing across the world. The objective of the study calls for a quantitative research design and particularly a cross sectional survey research approach. The research focused on the urban area of Jimma Zone because of the fact that required financial literacy and financial behavior of rural and urban household operating at various level of financial decision making scenario is better to be studied separately since the main purpose is to provide input for designing a targeted financial literacy education. Generally, female encountered different problem in the society and did not aware about the financial services and products delivered by the financial institution. Therefore, female level of financial literacy is low compared to their male counter.The study indicated that literacy in general and household literacy...
An Empirical Study on Assessing Financial Literacy Level Among Women in Delhi NCR
isara solutions, 2021
Financial literacy helps women in better decision making, better management of their finances, and gives them an opportunity to make themselves independent. It empowers them to take informed financial decisions. The present study analyses the level of Financial Literacy among women residing in slum areas of Delhi NCR. The study also evaluates the influence of socio-demographic variables such as age, marital status, occupation, monthly income, and education on financial literacy of women. The primary data is collected through structured questionnaire from 538 respondents using Google form and reveals that the financial literacy amongst these women is generally good and is dependent on marital status, income level and education of the respondents, though independent of their age. Moreover, it was also found that, women are highly risk averse and their most preferred financial product is fixed deposit followed by pension scheme. Percentage method, chi square test (at the significance level of p<0.05), bar graphs and pie charts have been used to present and analyse the collected data.