Data · dataset · 2024
Financial Planning in Millennials: Assessment through moderating effect of Financial Literacy
Listed in Teesside University Research Data Repository
The purpose of this study is to examine the influence of financial literacy on the financial behavior and planning outcomes of millennials, with an aim to identify potential strategies for enhancing financial education and planning among this crucial demographic segment.
Description
The study uses structured questionnaires administered to 538 millennial respondents in India, to gather data on financial literacy and personal financial planning.
The data was analysed using partial least squares structural equation modelling (PLS-SEM) in Smart PLS 4.0 software. The findings indicate that a significant proportion of millennials lack fundamental financial knowledge, and this deficit significantly impacts their financial planning outcomes. Higher levels of financial literacy are associated with better budgeting, saving, and investing habits.
Read the rest (1 more)
However, gaps in financial literacy can lead to over borrowing, insufficient retirement savings, and poor investment choices. This study contributes to the existing literature by examining the moderating effect of financial literacy between personal financial requirements and financial planning among millennials.
Links
Where it is published
- DOI doi.org/10.17632/ybj23n343p.1 ↗
DOI / persistent id · from researchdata tees ac uk
Catalogue records · 1
- OAI-PMH record data.mendeley.com/oai?verb=GetRecord&metadataPrefix=oai_dc&identifier=oai%3Adata… ↗
metadata API · from researchdata tees ac uk
Topics
- From keywords
- Earth & Environmental Science · Economics & Finance · Finance
Provenance · 1 source records, 8 field assertions
| Source | Key | Last seen | Raw |
|---|---|---|---|
| Teesside University Research Data Repository | oai:data.mendeley.com/ybj23n343p.1 | 6 h ago | JSON v1 |
| Field | Assertion | Extractor | Evidence |
|---|---|---|---|
| access_level | source · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | |
| concepts[field].anzsrc:field:350202 | mapping · researchdata tees ac uk | vocabulary-mapper@1.0.0 | keywords['Finance'] |
| concepts[field].local:field:earth-environmental | mapping · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | |
| concepts[field].local:field:economics-finance | mapping · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | |
| description | source · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | /metadata/dc/description |
| license | source · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | /metadata/dc/rights |
| publication_date | source · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | |
| title | source · researchdata tees ac uk | connector:researchdata_tees_ac_uk@1.0.0 | /metadata/dc/title |