American Journal of Business and Society
Articles Information
American Journal of Business and Society, Vol.1, No.3, Sep. 2016, Pub. Date: Aug. 5, 2016
Impact of Demographics Variables on the Level of Financial Literacy Among the University Students of Punjab Pakistan
Pages: 166-175 Views: 2175 Downloads: 1522
Authors
[01] Sidra Akram, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan.
[02] Amna Abbas, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan.
[03] Umar Draz, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan.
Abstract
Financial literacy is an important feature that permits people to attain a successful financial state. Past studies were only limited to Gender. Therefore, the purpose of this paper is to measure the level of financial literacy among university students by considering the various demographics of students. In this sense, a survey was conducted with 137 students who live in Pakistan for an analysis of the collected data. t-independent sample test and k- independent test was used for binary categorical demographics while One-way ANOVA was used to check the difference in financial literacy level on the basis of multiple categorical variables All these measures showed a highly significant difference in area of study except financial behavior.
Keywords
Financial Literacy, University Students, K Independent Sample Test, T-independent Sample Test, One –Way ANOVA
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