Factors Influencing the Choice of Savings and Investment Avenues among Teachers

Abstract

The teachers play a significant role in the society’s growth, as they help to shape the mindset of nation as a whole. The attitude of teachers towards consumption, savings and investment would reflect their economic behaviour, which would influence the quality of life and in turn their performance and education system. A wide range of investment avenues with proper investment strategies and financial planning will leads to the teaching community to contribute to economic growth. In this context the study tries to examine the awareness on the different investment avenues and the factors which leads to the choice of savings and investment avenues among teachers. The study makes use of both primary and secondary data. The sample of the study is confined to college teachers and higher secondary teachers in the government and aided sector working in Calicut district. It has been identified from the study that the investment pattern of college and higher secondary school teachers is consistent with the traditional pattern of investment they have been using for years.