An investigation of the demographic factors affecting financial literacy and its components among urban Indians

Financial Literacy and Financial Well-Being of Public Health Nurses in a First Class Province in the Philippines

“…The no correlation between age, sex, civil status, number of dependents, and financial literacy indicates that these demographics do not influence the level of financial literacy of public nurses. This finding is contrary to the previous studies of the demographic factors that affect the level of individual financial literacy level (Bawre & Kar, 2019;Cucinelli et al, 2019;Kadoya & Khan, 2020;Wagner, 2019;GFLEC, 2022). As people grow older, they become more financially literate (Kadoya & Khan, 2020), females are less financially literate due to lower self-confidence (Bucher-Koenen et al, 2021), being married increases financial knowledge through sharing money matters (Kadoya & Khan, 2020;Saranza et al, 2022) and having dependents affects financial literacy as the individual strives for financial welfare of the family (Parcia & Estimo, 2017).…”

Financial Literacy And Financial Behaviour: An Overview of Key Drivers

“…Access to the media itself could not result in any significant impact as information accessed might not necessarily be financial-related. A later study reported social media is used by only 14.6 per cent of respondents for investment-related information (Bawre & Kar, 2019). The study concluded that adults over 18 years old prefer to acquire financial advice from their friends and relatives (Bawre & Kar, 2019).…”

“…A later study reported social media is used by only 14.6 per cent of respondents for investment-related information (Bawre & Kar, 2019). The study concluded that adults over 18 years old prefer to acquire financial advice from their friends and relatives (Bawre & Kar, 2019). Overall, if the present scenario of the Covid-19 pandemic persists, the value of social media as a source of financial knowledge would be indisputable.…”