A Study of Factors Influencing Financial Independence of Working Women

Monica Mercy B; S Deepa

A Study of Factors Influencing Financial Independence of Working Women

Author(s)	Monica Mercy B, S Deepa
Country	India
Abstract	Factors Influencing Financial Independence of Working Women delves into the various elements shaping the economic autonomy of women in the workforce. It highlights the critical role of financial independence in empowering women, allowing them to take control of their lives and make autonomous decisions. This study aimed to investigate the multifaceted factors influencing the financial independence of working women. Research objectives included assessing their current financial status and challenges, identifying key influencing factors, exploring the impact of financial independence on their quality of life, and developing strategies for empowering their financial well-being. Structural barriers such as wage gaps, workplace discrimination, and the disproportionate burden of unpaid care work hinder their professional growth and financial stability. Societal norms and cultural expectations further limit career choices and economic participation, while inadequate access to education, skill development, and financial literacy perpetuates dependency. The research underscores the significance of supportive workplace policies, including equal pay, maternity benefits, and flexible work arrangements, in fostering economic independence. Personal attributes like confidence and risk-taking ability play a pivotal role in financial decision-making. This study emphasizes the need for targeted interventions, policy reforms, and societal support to address these barriers. Achieving financial independence for working women is not only a step toward gender equity but also a cornerstone for inclusive and sustainable socio-economic progress. research is necessary to explore the specific factors contributing to financial security and the effectiveness of flexible work arrangements in improving women's financial independence.
Keywords	Working Capital Management, Return on equity , Return on asset
Field	Business Administration
Published In	Volume 7, Issue 1, January-February 2025
Published On	2025-01-05
Cite This	A Study of Factors Influencing Financial Independence of Working Women - Monica Mercy B, S Deepa - IJFMR Volume 7, Issue 1, January-February 2025.

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A Study of Factors Influencing Financial Independence of Working Women

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