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VOL. 6, ISSUE 4 (2021)
A study of dimensions of financial literacy and its relationship with household savings and investment
Authors
Anita Vyas, Indu Sharma
Abstract
The present paper focuses on assessing the level of financial literacy of the people of Delhi. The study also examines the relationship between financial literacy and demographic factors such as age, gender, occupation, marital status, education, monthly income, type of family. Delhi is the capital of India where people of different classes and categories live. To determine their level of financial literacy, primary data is collected through a structured questionnaire consisting of two sections dealing with basic and advanced financial literacy and questions on demographic and socio-economic problems. Data are analyzed through percentages and cross tabulation. The study shows that the level of financial literacy is low among the respondents of Delhi. Also men have higher financial literacy than women. Thus it suggests to the policy makers and all financial institutions that the focus should be on the micro level segment of individuals in both urban and rural areas.
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Pages:24-28
How to cite this article:
Anita Vyas, Indu Sharma "A study of dimensions of financial literacy and its relationship with household savings and investment ". National Journal of Multidisciplinary Research and Development, Vol 6, Issue 4, 2021, Pages 24-28
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