Assessing the role of financial education in shaping financial planning behavior among different demographic groups

Financial education plays a critical role in shaping financial planning behavior,influencing how individual manage income, savings, investments and debt. This study examinesthe impact of financial education on financial planning across different demographic groups, including variations in age, gender, income level, and educational background. Using a mixed-methods approach that includes surveys and interviews, this research identifies disparities in financial literacy and its effects on financial decision-making. The study finds that financial education significantly enhances financial confidence and behavior, but its impact varies among demographic groups. The paper highlights gaps in financial education accessibility and provides recommendations for policy interventions to improve financial literacy across diverse populations.