Financial literacy among College students: A study in some selected area of Guwahati.

Abstract

Financial literacy is more important than ever before. As technology grows and society changes, finances become even more complicated. As a result, it’s essential that college students leave school with solid financial knowledge. Unfortunately, financial literacy rates are decreasing and Americans’ financial habits show it. Savings rates are decreasing while debt is increasing, and wages are remaining stagnant. College students who prioritize financial literacy will be able to overcome these challenges and live comfortably in the future. The main aim of the study is to analyze the demographic factors which affect the financial literacy of the respondents. The study also asses the level of financial awareness of college students and to find out the major sources of financial information of the respondents.