2 research outputs found
Age-Wise Analysis of Financial Capability Among Cashew Workers in Kerala: A Socioeconomic Perspective
No full textFinancial capability is a combination of the financial understanding, abilities, mindsets, and conduct that leads to favorable financial behaviors and appropriate money management decisions. The relationship between age and financial capability is complex and multifaceted, influenced by life stages, income and varying financial responsibilities. This article explores how financial capability evolves over the financial life of cashew worker, focusing on age-specific trends, behavioral patterns, and external factors shaping financial decision-making powers of cashew workers. By synthesizing existing research and analyzing demographic data, we aim to illuminate the influences of financial capability across age groups of cashew workers. The study is an Empirical research based on survey method confined to Kollam district of Kerala state .They may have lower incomes, higher debt and limited financial experience. Income generally peaks as individuals advance in their careers. Financial obligations, such as mortgages, child-rearing, and saving for retirement, are significant for them. The studies conclude that financial capabilities of cashew workers are different in different age group
Enhancing Financial Literacy for Sustainable Future: A study among Kerala’s Rural Cashew Workers
No full textThe impact of financial literacy on rural cashew workers\u27s long-term economic security and growth is explored in this research from Kerala, India. It stresses the need of financial education in raising financial literacy, a prerequisite for economic agency. The study looks at the effects of financial literacy on leadership, time management, financial wellness, decision-making, income management, and other aspects of economic growth. This study uses Structural Equation Modelling (SEM) as part of its deductive quantitative technique to examine data collected from 426 rural cashew workers who are economically disadvantaged. The results show that there are strong links between knowing how to handle money and being financially independent in the long run. The study highlights how financial education and literacy may help rural cashew workers become more financially independent and secure, which in turn helps achieve sustainable development goals and more financial inclusion
