Abstract
Financial literacy is considered one of the crucial factors influencing the attainment of the Sustainable Development Goals (SDGs). This paper examines how financial literacy affects social and economic well-being in Nepal’s Kaski District. The study follows descriptive and cross-sectional research designs. A sample of 385 households was selected for data collection. The head of each household was identified as the participant, and a survey questionnaire was used to collect the necessary data. Various statistical techniques, such as frequency distribution, exploratory factor analysis, and structural equation modelling, were used for data analysis. This study found that financial literacy positively influences both the social and economic well-being of households. Possessing the necessary knowledge and skills in financial matters enables individuals to meet their social and economic needs. The findings are very important for policymakers, educators, and stakeholders to enhance financial knowledge and skills and support the achievement of the Sustainable Development Goals.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.