Young students’ preference towards Financial Education

Abstract

The ability to make informed financial decisions is crucial for the adults in complex financial systems. These decisions range from daily spending, budgeting and saving for expected and unexpected life events, to the choices of insurance, to banking and other investment products, or to purchases a home. These financial decisions and behaviors have impact on the financial security, well-being of an individual and household in a long run. Financial institutions and government have started to place a greater burden of responsibility on individuals for investment decisions. In a broad spectrum regulatory authorities have recognized the importance of financial literacy. A critical challenge faced by the financial education providers is to bring financial literacy to their constituencies. The substantial efforts and resources have been developed by, financial institutions, regulatory authorities etc. to promote the financial literacy among their citizens through multitude financial education programs. This paper has attempted to find out the young students’ preferences towards financial education which includes preference towards the content of financial education, mode of delivery of financial education etc. so that financial education providers can design and implement financial education programs more effectively to achieve the mission of spreading financial literacy.