Determining Financial Literacy And Numeracy Among Working Women In South Gujarat Region

Abstract

This study examines the financial literacy and numeracy levels of working women in South Gujarat, Gujarat. The goal is to assess their current understanding of financial concepts, ability to manage personal finances, and confidence in handling financial products and services. A sample size of 100 working women from diverse sectors such as education, healthcare, and business was surveyed for primary data collection. The findings indicate that while working women in South Gujarat have a solid foundation in financial literacy, their numeracy skills require improvement in certain areas. Although their self-reported financial confidence is high, their practical knowledge, particularly in areas like compounding and taxation, is lacking. While they show awareness of financial risks, retirement and emergency financial planning are areas that need further attention. Their understanding of inflation and taxation is also limited, which may impact long-term financial stability. These insights are valuable for policymakers, educators, and financial institutions working to enhance financial literacy and numeracy among women, thereby promoting their economic empowerment and well-being in South Gujarat.