Financial Behaviours, Literacy, and Well-Being Among Youth in India

Abstract

This chapter explores the correlation between financial literacy, financial well-being and financial concerns in India. Thereupon, it assesses the impact of family income on financial well-being of financial literacy among young. A total of 232 (116 males and 116 females) are chosen in the age group of 18 to 25 years. The survey method is used to evaluate the financial literacy, stock market knowledge, financial decision-making capacity, well-being, and exposure to cryptocurrency among the participants. Significant positive correlation between financial literacy and financial well-being are reported. The research also found a negative correlation between financial literacy and financial concerns. A positive correlation is found between family income and financial well-being. It noticed a significant connection between financial literacy and crypto exposure. It also finds a positive correlation between financial literacy and well-being. It is very crucial to promote financial literacy among youths.