Financial Literacy on Savings and Investment of Employed Women -A study in Telangana

Abstract

Financial literacy is a fundamental aspect of society's overall well-being, with women being particularly affected. The financial participation of women in societies like India is often hindered by structural barriers. Due to cultural norms, wage inequality, lower financial status, and limited access to resources, improving financial literacy among women is not only desirable but crucial for promoting empowerment, economic autonomy and just growth. This study attempts to assess the financial literacy levels among employed women in select areas of Telangana, namely Hyderabad, Rangareddy and Sangareddy districts and their savings pattern, using a structured questionnaire. We have tried to assess the savings pattern of employed women in these districts based on their financial knowledge, attitude and behaviour. Statistical procedures namely Rank Percentile and Rank Correlation were applied.