Financial Awareness

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Awareness

 

 

 

 

  

            

 

                             Author

                             Pooja Sharma- 02133024151

                     Prajwal Jambhle- 021330024157

                  Rahil Parekh-

021330024226

                           

 

 

 

 

 

Introduction

 

Financial awareness is indeed a significant concern in India, impacting individuals’ financial well-being and the country’s economic growth. Your research aims to assess the status of individuals’ financial awareness.

 

Objective

 

Objective behind conducting this survey is that

This study will help us to understand Financial Awareness Gaps and also financial well-being.

 

Literature Review

 

Journal 1

 

A financial awareness index derived from Google Trends, revealing that higher financial awareness correlates with better financial outcomes, such as increased savings and lower delinquency rates. It emphasizes the critical role of financial awareness in influencing financial behavior and suggests that utilizing search-based data can effectively complement traditional survey methods in assessing financial literacy.

 

Source: https://search.app/rQgG3epd5TUa4ss37

 

Journal 2

 

 

Financial awareness and knowledge have a great impact on women financial behavior and enables her to financially empower herself. The level of financial awareness and knowledge is very low in our country.

 

Source: https://search.app/EqcCqYRBmtBT7hmZ8

 

 

Data collection

 

We have collected the data from 100 people by using google forms. We have frame 5 questions about financial Awareness by using Likert scale questions are as follows:

 

  1. I am familiar with basic financial terms.: – this question helps us to understand how many people are aware of financial terms.

 

  1. I can keep track of daily expenditures: – this question helps us to understand how much they can track their day-to-day expenditure.

 

  1. I am able to track my incomes and expenses: – it shows how people are balancing their income and expenses in their day-to-day life.

 

  1. I am able to invest to get better returns.
  2. I am able to file my Income Tax Return-

 These two questions are showing us how people are using their knowledge about the financial terms

 

 

Data analysis

 

 

Survey Questions

 I am familiar with basic financial terms.

I am able to keep a track on daily expenditures.

I am able to track my incomes and expenses.

I am able to invest to get better returns.

I am able to file my Income Tax Return.

Mean

3.552380952

3.4

3.552380952

3.076190476

2.942857143

SD

1.232422196

1.334454657

1.285877076

1.356574008

1.511676167

SE

0.120272091

0.13022944

0.125488753

0.132388067

0.147524488

Z

4.592760859

3.071502119

4.401836327

0.575508637

-0.387344893

Difference

1.592760859

0.071502119

1.401836327

-2.424491363

-3.387344893

Status

Agree

Neutral

Agree

Disagree

Disagree

 

Conclusion

 

 

  • Students are familiar with basic financial terms.
  • Students are able to keep track of daily expenditures.
  • Students are Neutral to track their income and expense.
  • Students are not able to invest to get better returns.
  • Students are not able to file my Income Tax Return.

 

References

 

Journal 1

Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, Anantapur Campus, Anantapur-515001, Andhra Pradesh, India sumaiahsiraj@gmail.com, njayaprada@sssihl.edu.in

https://search.app/EqcCqYRBmtBT7hmZ8

 

 

Journal 2

Associate Professor Finance Department, Fowler College of Business San Diego State University San Diego, CA 92182-8236 Tel: 619.594.2082 Email: ntang@sdsu.edu

Ning appreciates the financial support from the TIAA Institute research grant. She thanks Adrian Kieback and Kate Martsul for their research assistance. Opinions expressed herein are those of the author alone and not those of San Diego State University, TIAA, the TIAA Institute, or any other institution with which the author is affiliated.

https://search.app/rQgG3epd5TUa4ss37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Awareness

 

 

 

 

  

            

 

                             Author

                             Pooja Sharma- 02133024151

                     Prajwal Jambhle- 021330024157

                  Rahil Parekh-

                           

 

 

 

 

 

Introduction

 

Financial awareness is indeed a significant concern in India, impacting individuals’ financial well-being and the country’s economic growth. Your research aims to assess the status of individuals’ financial awareness.

 

Objective

 

Objective behind conducting this survey is that

This study will help us to understand Financial Awareness Gaps and also financial well-being.

 

Literature Review

 

Journal 1

 

A financial awareness index derived from Google Trends, revealing that higher financial awareness correlates with better financial outcomes, such as increased savings and lower delinquency rates. It emphasizes the critical role of financial awareness in influencing financial behavior and suggests that utilizing search-based data can effectively complement traditional survey methods in assessing financial literacy.

 

Source: https://search.app/rQgG3epd5TUa4ss37

 

Journal 2

 

 

Financial awareness and knowledge have a great impact on women financial behavior and enables her to financially empower herself. The level of financial awareness and knowledge is very low in our country.

 

Source: https://search.app/EqcCqYRBmtBT7hmZ8

 

 

Data collection

 

We have collected the data from 100 people by using google forms. We have frame 5 questions about financial Awareness by using Likert scale questions are as follows:

 

  1. I am familiar with basic financial terms.: – this question helps us to understand how many people are aware of financial terms.

 

  1. I can keep track of daily expenditures: – this question helps us to understand how much they can track their day-to-day expenditure.

 

  1. I am able to track my incomes and expenses: – it shows how people are balancing their income and expenses in their day-to-day life.

 

  1. I am able to invest to get better returns.
  2. I am able to file my Income Tax Return-

 These two questions are showing us how people are using their knowledge about the financial terms

 

 

Data analysis

 

 

Survey Questions

 I am familiar with basic financial terms.

I am able to keep a track on daily expenditures.

I am able to track my incomes and expenses.

I am able to invest to get better returns.

I am able to file my Income Tax Return.

Mean

3.552380952

3.4

3.552380952

3.076190476

2.942857143

SD

1.232422196

1.334454657

1.285877076

1.356574008

1.511676167

SE

0.120272091

0.13022944

0.125488753

0.132388067

0.147524488

Z

4.592760859

3.071502119

4.401836327

0.575508637

-0.387344893

Difference

1.592760859

0.071502119

1.401836327

-2.424491363

-3.387344893

Status

Agree

Neutral

Agree

Disagree

Disagree

 

Conclusion

 

 

  • Students are familiar with basic financial terms.
  • Students are able to keep track of daily expenditures.
  • Students are Neutral to track their income and expense.
  • Students are not able to invest to get better returns.
  • Students are not able to file my Income Tax Return.

 

References

 

Journal 1

Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, Anantapur Campus, Anantapur-515001, Andhra Pradesh, India sumaiahsiraj@gmail.com, njayaprada@sssihl.edu.in

https://search.app/EqcCqYRBmtBT7hmZ8

 

 

Journal 2

Associate Professor Finance Department, Fowler College of Business San Diego State University San Diego, CA 92182-8236 Tel: 619.594.2082 Email: ntang@sdsu.edu

Ning appreciates the financial support from the TIAA Institute research grant. She thanks Adrian Kieback and Kate Martsul for their research assistance. Opinions expressed herein are those of the author alone and not those of San Diego State University, TIAA, the TIAA Institute, or any other institution with which the author is affiliated.

https://search.app/rQgG3epd5TUa4ss37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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