The Impact of Financial Literacy and it’s Psychological Influence:
Keywords:
Economic literateness, Psychosocial features, National saving centers, Economic markets, Etc.Abstract
Abstract:
Financial literacy is characters of individual capability to recognize the
monetary terms and mechanisms. In Pakistan persons basically distinguish
only saving money in several institutions for gating further money in the
label of earnings. Being unaware regarding the role in addition presence
of economic markets. Such consequence develops the necessity studying
about economic literateness in State. The Data of National Savings Centers
was used for study objective firstly in Pakistan and used smallest square
regression analyzing association of psychological reasons by economic
literateness. Assessment showed that Pakistani Nation are financially
uneducated and positive relationship between financial knowledge and
other psychological factors which were impossibility financial, risk
preference and retirement plan intention. Economic education was
absolutely related to qualification, occupation, age and material status as
1MS Scholar, Faculty of Management Science, Al-Hamd Islamic University Quetta
Pakistan
2Dr. Yousaf Ali Rodini, Assistant Professor, Pakistan Study Centre, University of
Balochistan Quetta Pakistan
3Dr. Surraya Bano, Assistant Professor, Pakistan Study Centre University of Balochistan
Quetta Pakistan
4Shazia Jaffar, Assistant Professor, Pakistan Study Centre University of Balochistan
Quetta Pakistan.
greatly educated, Shop keeper, older and married were more economically
educated. Financial education had important optimistic relationship with
retirement plan intention, gender and fruitfulness. This investigation has
suggestions for scholar’s academicians also policy makers.
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