Financial literacy — the ability to understand and apply knowledge of saving, investing, risk management, and social security — is a critical determinant of individual economic well-being. This study examines awareness of investment products and government-sponsored social security schemes among 95 respondents in Davangere city, Karnataka, using a structured questionnaire and descriptive research design. The study finds broadly similar awareness levels for investment (71.6%) and social security (78.9%), confirmed by a Chi-Square test (calculated value 1.384 against a table value of 3.841 at 5% significance), indicating no statistically significant difference between the two. Respondents overwhelmingly favour low-risk instruments such as bank deposits, cite lack of knowledge as the principal barrier to investing, and show strong demand (89.5%) for structured financial education. The paper concludes with recommendations for embedding financial literacy in education, simplifying scheme enrolment, and targeting rural and women's segments.
P et al. (Tue,) studied this question.