What does this research mean for the field?

Individuals in the Vadodara district exhibit lower overall financial literacy, characterized by a notable gap between possessing financial knowledge and applying it to effective financial decision-making. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

This paper aims to analyze the levels of financial literacy and explore the connections between financial knowledge, attitude, and behavior.

May 31, 2026International Journal of Versatile Research and Analysis0 citationsOpen Access

An Empirical Analysis of Financial literacy of Vadodara District

DSDr Vishal N. ShahMaharaja Sayajirao University of Baroda MGMayuri Ketan GhagMaharaja Sayajirao University of Baroda

Key Points

This paper aims to analyze the levels of financial literacy and explore the connections between financial knowledge, attitude, and behavior.
Descriptive-analytical research design
Survey method with structured questionnaire
Data collected and analyzed using SPSS
Respondents exhibit moderate financial knowledge, strong financial attitude, and moderate financial behaviour.
Significant gap exists between financial knowledge and its application in decision-making.
Overall financial literacy among individuals in Vadodara is found to be low.

Abstract

The paper investigates overall financial literacy and the interrelationship among financial knowledge, financial attitude, and financial behaviour. The study adopted a descriptive-analytical research design to investigate the interrelationships among financial knowledge, financial attitude, and financial behaviour. A survey method was used to collect data using a structured questionnaire in the Vadodara district. Data analysis was performed using SPSS. The findings of this study reveal that respondents have moderate financial knowledge, a strong financial attitude, and moderate financial behaviour, which ultimately leads to lower financial literacy among individuals in Vadodara district. It also notes that even with proper financial knowledge, there is a notable gap in applying it to effective financial decision-making.

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Cite This Study

Shah et al. (Fri,) studied this question.

synapsesocial.com/papers/6a1bd2675783ba022b6fdd2a https://doi.org/https://doi.org/10.56975/ijvra.v4i5.707117

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