Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)

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Empowering Youth for Financial Success: the Impact of Literacy Programs and Digitalisation on Financial Literacy

Authors
Tejus Sangameshwara1, M. B. Kavyashree1, *, M. Ashika1, P. Nagesh1
1JSS Centre for Management Studies, JSS Science and Technology University, Mysuru, 570006, India
*Corresponding author. Email: kavyashreemb@jssstuniv.in
Corresponding Author
M. B. Kavyashree
Available Online 31 December 2024.
DOI
10.2991/978-94-6463-612-3_10How to use a DOI?
Keywords
Literacy Programs; Digital Infrastructure; Socioeconomic Status; Financial Literacy; Youth
Abstract

The research intended to analyze the impact of literacy programs provided to the youth; to gain insights of digitalization of financial literacy and to examine the degree of relevance of literacy programs; digital infrastructure; socioeconomic status on financial literacy among the youth. For attaining stated objectives, the current research was quantitative in nature. To examine the degree of relevance of literacy programs; digital infrastructure; socioeconomic status on financial literacy survey instrument was developed. The data was elicited from 180 respondents. For the purpose of validating the research instrument CFA and EFA were considered and adopted. The various fit indices values examined indicated to comply with the acceptable ranges. The model fit indices examined were CMIN/DF= 1.684; GFI= 0.887; AGFI= 0.849; IFI= 0.946; NFI= 0.877; TLI= 0.935; CFI= 0.945; RMSEA=0.062. It is imperative to gain financial literacy to achieve the success. Test statistics in the present research revealed Literacy Programs (LP); Digital Infrastructure (DI); and Socioeconomic Status (SS) had a prominent impact on Financial Literacy (FL) among the youth. The study provides insights for the strategists and policy makers to develop appropriate strategies to empower the youth towards financial success. The research work is a wise approach to understand the factors essentially contributing towards the financial literacy among the youth and its association with financial success.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2024
ISBN
978-94-6463-612-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-612-3_10How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tejus Sangameshwara
AU  - M. B. Kavyashree
AU  - M. Ashika
AU  - P. Nagesh
PY  - 2024
DA  - 2024/12/31
TI  - Empowering Youth for Financial Success: the Impact of Literacy Programs and Digitalisation on Financial Literacy
BT  - Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD-2024)
PB  - Atlantis Press
SP  - 128
EP  - 141
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-612-3_10
DO  - 10.2991/978-94-6463-612-3_10
ID  - Sangameshwara2024
ER  -