Financial Literacy of Young and Teenagers in India

Abstract

Financial literacy is one of the founding pillars to achieve financial freedom. The objective of the primary study designed on a Structured Questionnaire is to elaborate on the financial literacy of young and teenage people in India. The pivotal findings of the paper are: firstly, the respondents in the Age group of 15-19 and Class 5-9 and Class 10-12 seem to have more Financial Knowledge. Secondly, the respondents of Business/Management/Commerce/Law seem to have more of a saving-oriented Financial Behaviour than their counterparts of other streams.