Pathway to Financial Success: Autonomy Through Financial Education in India |
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Authors: | Harsha Vijaykumar Jariwala Sophia F Dziegielewski |
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Institution: | 1. V. M. Patel Institute of Management, Ganpat University, Kherva, Indiacallharsha@gmail.com;3. School of Social Work, University of Central Florida, Orlando, Florida, USA |
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Abstract: | ABSTRACTThis study evaluates attitudinal outcome of financial education workshops on the financial autonomy of the participants (homemakers) in the state of Gujarat, India. A series of financial education workshops were conducted with 300 female homemakers. A pretest and follow-up (after 3 months) survey design was used to assess changes. The survey identified 3 types of autonomy outcomes (reflexive, emotional, and functional) using 15 variables. Data were analyzed using a paired t test, and significant results were obtained between the pretest and follow-up surveys. Specific findings may help financial education providers to design and implement such programs more effectively and may provide guidelines to assess their effect. Directions for future research are suggested. |
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Keywords: | Financial autonomy financial education financial literacy |
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