AN ANALYSIS OF THE IMPACT OF FINANCIAL LITERACY ON HOUSEHOLD WEALTH ACCUMULATION: A STUDY BASED ON DEMOGRAPHIC DATA OF SELECTED RESIDENTS IN UTTAR PRADESH.

Raghvendra; Tulika Saxena

doi:10.29121/shodhkosh.v5.i6.2024.2060

Authors

Raghvendra Research Scholar, Department of Business Administration, M.J.P. Rohilkhand University, Bareilly, Uttar Pradesh, India
Dr. Tulika Saxena Professor, Head & Dean, Department of Business Administration, M.J.P. Rohilkhand University, Bareilly, Uttar Pradesh, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.2060

Keywords:

Financial Literacy, Household Wealth Accumulation, Demographic Analysis, Secondary Data, Economic Behavior, Uttar Pradesh, Financial Education, Wealth Building

Abstract [English]

This paper examines the impact of financial literacy on household wealth accumulation, focusing on selected residents of Uttar Pradesh. Utilizing secondary demographic data, the study analyzes the relationship between financial literacy levels and wealth-building behaviors across various demographic groups. Statistical methods are employed to examine how financial literacy influences household wealth, revealing significant positive correlations. The findings highlight the essential role of financial literacy in fostering economic well-being and suggest that integrating financial education into broader programs can lead to sustained wealth accumulation in the region.

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