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Shveta Singh

Bio: Shveta Singh is an academic researcher. The author has contributed to research in topics: Financial literacy & Financial services. The author has an hindex of 1, co-authored 3 publications receiving 68 citations.

Papers
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Journal ArticleDOI
TL;DR: In this paper, the authors analyse the level of financial literacy among youth in the world based on previous studies, particularly, focus at how socio-economic and demographic factors such as age, gender, marital status and income influence financial literacy level of youth and whether there is any interrelationship between financial knowledge, financial attitude and financial behaviour.
Abstract: The purpose of this paper is to analyse the level of financial literacy among youth in the world based on previous studies. The study, particularly, focus at how socio-economic and demographic factors such as age, gender, marital status and income influence financial literacy level of youth and whether there is any interrelationship between financial knowledge, financial attitude and financial behaviour. Strong endeavour of the world economies to improve the financial well-being of their citizens has contributed to the rising importance of financial literacy as it equips the individuals to take quality financial decisions to enhance their financial well-being.,This literature review consists of seven key sections. The first section of this paper reviews the conceptual definitions of youth. Second part summarises the literature on financial literacy. Third, fourth and fifth section summarises the literature on the components of financial literacy, i.e. financial knowledge, financial attitude and financial behaviour, respectively. Sixth section reviews the empirical studies on the influence of socio-economic and demographic factors on financial literacy level. Seventh section summarises the literature on interrelationship between financial knowledge, financial attitude and financial behaviour.,The study reveals that the financial literacy level among youth is low across the most part of the world that has become a cause of concern. Also, it has been observed that various socio-economic and demographic factors such as age, gender, income, marital status and educational attainment influence the financial literacy level of youth and there exists an interrelationship between financial knowledge, financial attitude and financial behaviour.,Youth have to live a longer life ahead, thus, the decisions taken by them are going to affect them for a longer period of time, making it imperative for them to develop an understanding of the world of finance so as to avoid wrong choice of financial products. Thus, financial literacy is of significant relevance. This paper aims to understand the influence of various factors influencing the financial literacy as understanding the factors that contribute to or detract from the acquisition of financial literacy among youth can help in making policy interventions targeted at youth to enhance their financial well-being.

128 citations

Journal ArticleDOI
TL;DR: In this article, the influence of socio-demographic factors such as gender, educational background, marital status and residential status on the Financial Literacy level of Ph. D. Scholars of Guru Jambheshwar University of Science & Technology, Hisar (No. 1 Technical University of India, No.1 University of Haryana as per National Institute Ranking Framework (NIRF-2016), MHRD, GOI) was analyzed.
Abstract: Financial Literacy is the basic understanding of financial matters and the confidence to apply such knowledge to make effective decisions to improve their financial well-being. Today, the responsibility of managing finance has shifted from elders to youth making it imperative for them to be financially literate. Ph. D. Scholars also deal with the same situation. They have to conduct research as well as manage their day-to-day financial activities. So, in this direction, the present study attempts to analyse the influence of the socio-demographic factors such as gender, educational background, marital status and residential status; on the Financial Literacy level of Ph. D. Scholars of Guru Jambheshwar University of Science & Technology, Hisar (No. 1 Technical University of India, No.1 University of Haryana as per National Institute Ranking Framework (NIRF-2016), MHRD, GOI) by using multiple regression analysis so that appropriate financial programmes can be organized to enhance their Financial Literacy level. It is found that only educational background significantly influences Financial Literacy. So, Financial Literacy programmes for Ph. D. Scholars considering their educational background should be organized so as to bring out effective results.

1 citations


Cited by
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TL;DR: The small-scale sub-sector continues to be a fundamental catalyst for job creation and economic growth in Ghana as discussed by the authors, and about 35 per cent of labour is provided by the sub sector and shows the impo...
Abstract: The small-scale sub-sector continues to be a fundamental catalyst for job creation and economic growth in Ghana. About 35 per cent of labour is provided by the sub-sector and shows the impo...

29 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the relationship among digital financial literacy, current saving behavior, current spending behavior, and foresight of future spending and saving behavior among Independents.
Abstract: This paper investigates the relationship among digital financial literacy (DFL), current saving behavior, current spending behavior, and foresight of future spending and saving behavior among Indon...

27 citations

Journal ArticleDOI
01 Jan 2021
TL;DR: In this article, the collective impact of financial literacy and inclusion on individuals' financial capability focusing on the mediating role of financial behaviour is investigated, and the authors investigate the collective influence of financial inclusion and financial literacy on individual's financial capability.
Abstract: This paper investigates the collective impact of financial literacy and inclusion on individuals’ financial capability focusing on the mediating role of financial behaviour. The research is conduct...

25 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated and measured the level of financial literacy and its variables within the academic community in Indonesia using a quantitative survey and were analyzed using structural equation modeling (SEM).
Abstract: DOI: 10.14254/2071789X.2020/13-3/9 ABSTRACT. The purpose of this study is to investigate and measure the level of financial literacy and its variables within the academic community in Indonesia. The strength of this study is that it extends the concept of financial literacy and its variables. This study explains how members of Indonesian academic community understood their financial literacy levels and the ways in which it can be improved. The study sample comprised 889 lecturers in Indonesia. The survey method was used to measure financial literacy and its variables which include subjective financial knowledge, financial behavior, financial experience, financial awareness, financial skills, financial capability, financial goal, and financial decisions, as reflected in individuals’ financial behavior. The research data were collected using a quantitative survey and were analyzed using structural equation modeling (SEM). The results confirm the relationships between financial literacy and its variables of financial awareness, financial behavior, financial experience, financial skills, subjective financial knowledge, financial capability, financial goals, and financial decisions. This study fills the gap in the literature related to the multi-variables of financial literacy. It provides information to assist policy-makers in developing strategies to increase financial literacy in society.

25 citations