Financial Risk, Attitude, and Skills of the Young Generation in Central India
Prasenjit Roy1, Harshita Shukla2, Mahima Bajpai3

1Prasenjit Roy, School of Commerce and Business Studies, Junior Research Fellow, Faculty of Commerce, Jiwaji University, Gwalior (M.P), India.

2Harshita Shukla, Centre for Hospital Administration, Jiwaji University, Gwalior (M. P), India.

3Mahima Bajpai, Centre for Hospital Administration, Jiwaji University, Gwalior (M. P), India.

Manuscript received on 16 September 2023 | Revised Manuscript received on 02 October 2023 | Manuscript Accepted on 15 October 2023 | Manuscript published on 30 October 2023 | PP: 23-28 | Volume-10 Issue-2, October 2023 | Retrieval Number: 100.1/ijmh.B16591010223 | DOI: 10.35940/ijmh.B1659.1010223

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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.

Keywords: JEL Classification: D14
Scope of the Article: Financing Business and Accounting