A Brief Analysis Of Students’ Savings Behavior Across Different Dimensions

Author(s)	Roktim Saha, Shourjyo Biswas
Country	India
Abstract	We used survey data from a sample of 205 respondents to analyze the different determinants of individual savings decisions. Results show that having financial knowledge significantly increases savings rates among students. The savings rate of students is also affected by background factors like their annual family income, their main stream of income, etc. The deficiency of financial literacy among the hostelers is also a serious concern. Our findings also show that the main stream of income and the main mode of transaction also play a crucial role in savings decisions.
Keywords	Students’ Savings, Savings Rate among Students, Financial Literacy among Students, Financial Behavior, Financial Influence
Field	Sociology > Economics
Published In	Volume 6, Issue 3, May-June 2024
Published On	2024-06-30
Cite This	A Brief Analysis Of Students’ Savings Behavior Across Different Dimensions - Roktim Saha, Shourjyo Biswas - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.23792
DOI	https://doi.org/10.36948/ijfmr.2024.v06i03.23792
Short DOI	https://doi.org/gt3ncz

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