Financial Literacy and Financial Wellbeing among Indian Households

This study is conducted to explore the impact of financial literacy on wellbeing Indian households. Various measures like knowledge, attitude, and behaviour were assessed using survey data 47,132 households taken from Financial Inclusion Insights (FII) survey, wave 5, by Intermedia. The results logistics regression indicate that knowledge (objective subjective), attitude are significant predictor wellbeing. It evident both an individual strongly positively influence Though actual might not much whereas subjective i.e., self-assessed in case deviation between knowledge. significantly varies with age, education, working profile urban-rural area category while gender attribute does