Financial Risk, Attitude, and Skills of the Young Generation in Central India

Abstract

This study described an association of financial risk, attitude, and skill as interrelated variables and focused on the young generation in central India. The main objective of the study is to find out the relationship between financial skill and financial attitude, after controlling the financial knowledge of the respondents. The sample size of 296 was finalized, which was gathered following convenience sampling by a structured questionnaire designed on a 5-point Likert scale, for analysis. Cronbach alpha was .799 and correlation, multiple linear regression, and ANOVA was applied to the respondent. The findings of the result show that a small amount of correlation was observed between financial attitude and financial skills after controlling financial knowledge.