An Analytical Study of the Financial Knowledge and Attitude among the Youth in Bhuj City

Abstract

Purpose of the study was to know the financial knowledge and attitude among the youth in Bhuj city. For the current research 200 samples have been taken from Bhuj city by convenient sampling method investigated, by questionnaire method. Data calculated by ANOVA technique. Researcher found that the basic level of financial knowledge in particular areas like on numeracy it was highest (81%), on banking (80%), on inflation (61%) while it was medium in on share market (60%), on time value of money (58%) and compound interest (52%) and low in net worth (29%), insurance (20%) and taxes (14%). Overall financial knowledge ratios were showing that 19% of respondents having the high financial knowledge, 49 % respondents having medium and 32 % respondents having low financial knowledge. Looking on Financial attitude 23.86 % respondent were strongly agree with the all statement like, control of financial situation, financial goals, worry to manage finance, uncertain about where to spent money, financial future, afraid of loan, importance of saving money, life insurance, money management and talking about money-related issues, 37.36 % respondent agreed with all the statements, 25.36 % respondents disagreed with all statements while 13.29 % of respondents strongly disagreed with all the statement