Impact of Demography on Financial Literacy


  • Assistant Accounts Officer, City Sub Division 2, Hubli Electricity Company Limited, Vijayapur, Karnataka
  • Assistant Professor, Department of Management Studies of BLDEA’s, A. S. Patil College of Commerce, Vijayapur - 586101, Karnataka



Financial Education, Financial Literacy, Personal Finance


The concept of financial literacy is gaining importance across the globe to achieve financial wellbeing. The governments worldwide are involved in finding effective approaches to enhance the financial literacy level for reducing poverty and sustainable development. The review of literature clearly depicts a lower level of financial literacy across the globe is low. Further, the demographics factors influence the level of financial literacy of an individual. Hence, an attempt has been made to study the impact of demographic factors like age, gender, caste, marital status, education level, profession, income level, saving percentage, family size and number of dependants on financial literacy has been analysed using Chi-square test. A sample of 385 is collected using Multistage Random Sampling Method from north part of Karnataka, India to achieve the objectives of the study. It is concluded that the demographic factors like education level, profession, income level, saving percentage, family size have an association with the level of financial literacy.


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How to Cite

Gupta, P. K., & Hanagandi, S. S. (2022). Impact of Demography on Financial Literacy. SDMIMD Journal of Management, 13, 81–96.



Research Papers