Evaluation of Financial Literacy using SPSS analysis

Abstract

Understanding and using a variety of financial skills, such as investing, budgeting, and personal financial management, are all parts of financial literacy. Financial literacy is the cornerstone of your relationship with money and the start of a lifelong learning process. In today's demanding financial world, consumers must make challenging financial decisions at a young age, and early financial mistakes can be costly. Young people frequently have a significant credit card or student loan debt, and these early issues might impede their capacity to amass wealth. Researchers must assess how financially knowledgeable young people are to assist younger consumers. Policymakers can create effective interventions for young people by having a better understanding of the elements that support or hinder financial literacy. Financial literacy is a set of skills and knowledge that enables a person to use all of their financial resources to make effective decisions. Government-run personal financial projects are becoming more popular in countries like Australia, Canada, Japan, the United States, and the United Kingdom. Those who grasp the fundamentals of finance can successfully navigate the financial system. Financial decisionmaking is improved for those who have gotten the appropriate financial literacy training. SPSS statistics is data management. Alternative: C1, C2, C3, C4, C5, C6. Evaluation parameters of Area of manufacturing: A1, A2, A3, A4, A5, A6. The Cronbach's Alpha Reliability result. The overall Cronbach's Alpha value for the model is .850 which indicates 85% reliability. From the literature review, the above 86% Cronbach Alpha value model can be considered for analysis.