A Study Of The Relationship Between The Financial Literacy And Financial Decision Of Gen Y
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Abstract
A financially responsible mind-set is a prerequisite for financial well-being and is enhanced by financial knowledge. Financial well-being and the ability to make wise financial decisions depend on having a solid understanding of finance. The capacity to comprehend and evaluate financial possibilities, make future plans, and react suitably to circumstances is known as financial literacy. This skill can affect how life and work are conducted and is highly beneficial when predicting future events to boost earnings. (Philippas & Avdoulas, 2020)
The paper aims to measure the relationship between financial literacy and the financial decisions of Gen Y. Financial literacy helps to take corrective financial action, and financial decision influence with awareness, knowledge, skills, mindset, and financial behavior. Gen Y is technology-friendly gather more information from various sources, and deciding with AI tools. This research paper begins with the measurement of financial literacy with the support of various references, second part deals with the financial decision-making (behaviors) of Gen Y. This paper is based on primary as well as secondary data.
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