A Study on Financial Literacy among College Students

The financial literacy rate among college students is investigated in the research paper, and the investigation consists of the analysis of the knowledge of the budgeting, saving, credits, and investment risk among students. The study through a structured survey conducted on a wide range of 60 students covering different academic fields reveals a wide gap in the financial knowledge and practical behaviour though the confidence in the daily spending is moderate. The received findings allow stating that the level of financial literacy is significantly impacted by such factors as an academic discipline, age, and financial education programs. Moreover, the study identifies the necessity of including thorough financial training in the college programs to improve the financial decision-making ability of the students and inculcate healthy financial habits in them. These findings are intended to assist educators, policymakers, and financial institutions to come up with targeted interventions that can enable young adults to become savvy in negotiating complex financial environments. Keywords- financial literacy, college students, budgeting, credit management, financial education, investment risks, financial behavior.