Examining the Influence of Financial Literacy on Financial Behaviour Among Undergraduate and Postgraduate Students in Bengaluru: An Analytical Study

Abstract

This study aims to shed light on the significance of financial literacy among students in Bengaluru and its impact on their financial behavior. Financial Literacy is skills, knowledge, and behavior that allow an individual to make informed money decisions. The terms financial literacy and financial expertise are used interchangeably. This study reveals financial literacy awareness among youngsters by considering their knowledge, attitude, and behavior. Finance is the most important requirement for all human beings. Those who have financial planning can improve their standard of living. They need to plan for pre-retirement and post-retirement. Also, families can lead good lives. Financial literacy is essential for effectively managing financial resources, especially for today's youth. This research evaluates financial literacy among young people in Bangalore, focusing on their understanding of financial concepts, planning, and investment choices. Surveying 81 respondents, the study examines how socioeconomic status, family background, and financial education influence literacy levels. The findings aim to inform policymakers and educators in developing targeted financial education programs for India's youth.