International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 8, Issue 4 (July-August 2026) Submit your research before last 3 days of August to publish your research paper in the issue of July-August.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 8 Issue 4
July-August 2026

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Financial Literacy and Investment Behaviour among Young Adults: A Study with Reference to Mysore District, Karnataka

Author(s) MRS Dhamayanthi P T
Country India
Abstract Abstract
Financial literacy has emerged as a decisive life skill that shapes how young adults save, borrow, and invest in an increasingly complex financial marketplace. This paper examines the level of financial literacy among 200 young adults in Mysore District, Karnataka, and tests whether financial literacy is statistically associated with seven demographic and behavioural characteristics: gender, age, education, occupation, monthly income, place of residence, and investment experience. Respondents were classified into three financial-literacy bands—Low (LFL), Moderate (MFL), and High (HFL)—and the association with each characteristic was assessed using the Pearson chi-square test of independence (with Cramér's V as the effect size) and one-way ANOVA on an ordinal literacy score (with eta-squared). The results show that six of the seven characteristics are significantly associated with financial literacy at the 5% level; only gender is not. Investment experience (V = 0.280), monthly income (V = 0.278), and residence (V = 0.277) exhibit the strongest associations, and mean literacy scores rise consistently with age, education, income, and investment experience, while urban respondents outperform rural respondents. The findings confirm that financial literacy among young adults is patterned by socio-economic circumstance and, importantly, by hands-on investment experience, suggesting that targeted, experience-oriented financial education can meaningfully raise literacy among the district's most vulnerable groups.
Keywords Keywords: Financial literacy, Investment behaviour, Young adults, Chi-square, ANOVA, Mysore District, Financial inclusion.
Field Mathematics > Economy / Commerce
Published In Volume 8, Issue 4, July-August 2026
Published On 2026-07-26
DOI https://doi.org/10.36948/ijfmr.2026.v08i04.84548
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI prefix of IJFMR is 10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9687-828-838 editor@ijfmr.com
Powered by Sky Research Publication and Journals