IFSMRC African international Journal of Research in Management eISSN: 2308-3034 pISSN: 2308-1341
IFSMRC African international Journal of Research in Management
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SAVINGS AND INVESTMENT BEHAVIOUR OF YOUNG ADULTS: EXPLORING THE ROLE OF FINANCIAL LITERACY AND PARENTAL FINANCIAL BEHAVIOUR

Abstract

This article investigates the savings and investment behaviour of young adults and explores the influence of financial literacy and parental financial behaviour on their financial decision-making. Utilizing a mixed-methods approach, the study combines quantitative surveys and qualitative interviews to gather comprehensive data from a sample of young adults. The findings highlight the relationship between financial literacy, parental financial behaviour, and savings and investment behaviours. The study underscores the importance of promoting financial literacy among young adults and emphasizes the impact of parental financial role modeling on their financial habits and choices.

Keywords

Savings behaviour, investment behaviour, young adults

References

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Richard Owusu. (2023). SAVINGS AND INVESTMENT BEHAVIOUR OF YOUNG ADULTS: EXPLORING THE ROLE OF FINANCIAL LITERACY AND PARENTAL FINANCIAL BEHAVIOUR . IFSMRC African International Journal of Research in Management, 11(06), 01–05. Retrieved from https://www.ifsmrc.org/index.php/IFSMRC-AIJRM/article/view/16
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Richard Owusu. (2023). SAVINGS AND INVESTMENT BEHAVIOUR OF YOUNG ADULTS: EXPLORING THE ROLE OF FINANCIAL LITERACY AND PARENTAL FINANCIAL BEHAVIOUR . IFSMRC African International Journal of Research in Management, 11(06), 01–05. Retrieved from https://www.ifsmrc.org/index.php/IFSMRC-AIJRM/article/view/16

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