A Study of Financial Planning Behavior of Women College Teachers Working in Delhi-Ncr

Abstract

Women constitute nearly half of the world population; more Indian women are joining the service sector especially teaching. Financial planning awareness among them will ensure more gender equality through financial independence. It will also reduce inequality in society. Women teachers’ active participation in financial markets will help financial resources to be channelized in the system through capital generation, which is essential to ensure trending economic growth. It is important to understand the financial behavior of female college teachers to ensure quality education by preparing more fiscally aware and responsible youth. An attempt is being made to examine the personal financial planning behavior of women teachers in higher education in Delhi-NCR. The data of 428 women teachers of Delhi-NCR colleges analyzed using the percentage method, correlation, and factor analysis revealed a satisfactory level of financial planning awareness among them. The study will prove beneficial to agencies and institutions to draft policies to strengthen the country both economically and socially.