Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Vol. 3 No. 2 (2024): October

PROBING FINANCIAL LITERACY LEVELS IN INDIA'S IT SECTOR: AN ANALYTICAL STUDY OF PERSONAL FINANCIAL ACUMEN

Sreelakshmi SP (Unknown)
K.Vijayarani (Unknown)



Article Info

Publish Date
30 Oct 2024

Abstract

This study explores the financial literacy levels among professionals in India's IT sector, emphasizing their personal financial acumen. As a rapidly evolving industry characterized by high incomes and dynamic career trajectories, the IT sector offers a unique demographic for analyzing financial behavior and decision-making skills. The research investigates core dimensions of financial literacy, including budgeting, savings, investment strategies, debt management, and retirement planning. Using a mixed-methods approach, the study collects quantitative data through surveys and qualitative insights via interviews to evaluate how IT professionals manage their finances amidst economic uncertainties. The findings reveal critical gaps in financial understanding, despite access to resources and education. The study also identifies correlations between financial literacy and factors such as age, income, education, and work experience. Recommendations for enhancing financial literacy through targeted programs and institutional interventions are proposed to foster financial well-being among IT professionals.

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Journal Info

Abbrev

go

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA) | ISSN (e): 2962-973X provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of business management, both theory and methods. It aims to foster the exchange ...