Financial literacy and gender gap: a study of Punjab state of India

Bansal, Deepty; Kaur, Lakhwinder

doi:10.1007/s40847-023-00253-0

J. Soc. Econ. Dev.

2023

DOI: 10.1007/s40847-023-00253-0

|View full text |Cite

Financial literacy and gender gap: a study of Punjab state of India

Deepty Bansal¹,

Lakhwinder Kaur

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 14 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Financial Literacy: Identification of the Challenges, Needs, and Difficulties among Adults Living in Rural Areas

Czech,

Ochnio,

Wielechowski

et al. 2024

Agriculture

View full text Add to dashboard Cite

Financial literacy plays a crucial role in individuals’ decision-making processes. The paper aims to thoroughly identify the financial literacy needs and challenges of adults with low financial literacy living in rural areas. The paper presents the results of a focus group study conducted among a target group (35 people) and interviews with financial experts (14 people) in the first quarter of 2023. The study allows us to identify common areas of financial knowledge crucial for adults with low financial literacy living in rural areas. The study was conducted in seven European countries as part of the Erasmus+ project “Learning by Experiencing Escape Rooms: Financial Literacy for Adults (FLER)”. Key findings from the study revealed that participants exhibited low awareness of financial fraud and expressed a need to protect personal information when using digital platforms. There was a clear demand for improved knowledge in certain areas, such as budgeting, emergency funds, balancing risk and reward, and planning for retirement or long-term savings. Participants consistently viewed gamification as a valuable tool for enhancing their understanding of financial topics. The contribution of our study is that we narrow the research gap on the needs and challenges related to financial literacy among rural residents. The results will help pinpoint specific areas of financial knowledge and competencies that are particularly important for adults with low financial literacy. Moreover, these insights are crucial for developing educational content integrated into a virtual escape room to improve financial literacy through engaging, scenario-based learning.

show abstract

Financial Literacy: Identification of the Challenges, Needs, and Difficulties among Adults Living in Rural Areas

Czech,

Ochnio,

Wielechowski

et al. 2024

Agriculture

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Financial literacy and gender gap: a study of Punjab state of India

Cited by 1 publication

References 14 publications

Financial Literacy: Identification of the Challenges, Needs, and Difficulties among Adults Living in Rural Areas

Financial Literacy: Identification of the Challenges, Needs, and Difficulties among Adults Living in Rural Areas

Contact Info

Product

Resources

About