On The Level of Financial Literacy: A Women Perspective

Abstract

The performance of women is greatly influenced by their level of financial literacy because women do not confine only to their household exercises but they gradually participate in labor markets, household financial management, and many more. This study, thus, aims to measure the level of financial literacy among women. To accomplish this objective, the data were collected from 130 respondents through a well-designed questionnaire. Principle component analysis was applied to check the data validity. The reliability of the data was checked through Cronbach alpha. The study established an indicator to measure the level of financial literacy. Findings depict a low level of financial literacy among working women. The findings show that imperative policies should be developed to minimize the problem of financial literacy among women. The study suggests making more efforts to reach women. The study recommends developing and promoting educational programs to boost financial literacy among women as well as in the whole society. Organizations should conduct special workshops for women employees about financial literacy to improve their performance.