Financial literacy among women employees in Kathmandu metropolitan

Abstract

The main aim of the study is to examine the level of financial literacy of women employees in Kathmandu district. The research applied descriptive and explanatory research design. In this study, the approach is women employed to stablish how variables such as profession, income, qualification, financial behavior, financial influence and financial attitude impact on financial literacy of Kathmandu district ‗women employees‘. The study is based on primary data: a stratified sample survey through questionnaire of 200 employees in Kathmandu district. The study collects data from the respondents by directly in their working place. Questionnaires were distributed to each and every individual. After receiving the response, data were decoded into SPSS version 22 tools. The study finds that women employees in Kathmandu district has lower level of knowledge on FL. The study shows that there is significant relationship between financial knowledge and income, education level and education stream at 10 percent level and 1 percent level and financial behavior at 10 percent level. Income, level of education and education stream is consistent. Which means with the increase in income, education level, education stream and financial behaviour, the level of financial knowledge also increases and vice versa. The study showed that most of the employees like to invest in their own business, like to deposit, go for travel and vacation and maintain adequate records. There is significant difference in knowledge among various income, education level and education stream. Financial influence and financial attitude are statistically insignificant which means these variables have no significant impact on the financial knowledge. The study may give the conclusion that with the there is no change if income level, level of financial behavior is increase and vice-versa. Thus result shows that age and financial attitude, financial behavior has significant relationship which are already described in chapter 4. Similarly, parents‘ income founded significance with financial attitude at 3.2736 percent. With the increase in education stream and financial behavior, level of financial literacy is also increase. However, level of financial literacy is not affected by gender, age, financial influence and financial attitude.

Key words: financial attitude, financial influence, financial behavior, investment