To Understand the Impact of Financial Literacy, Behaviour Towards Well-Being of Elderly Women in Mumbai Facing Financial Challenges

Authors

  • Ms. Arushi Sah MET Institute of Management, Mumbai, India Author
  • Mr. Jayesh Patil MET Institute of Management, Mumbai, India Author
  • Mr. Osama Qureshi MET Institute of Management, Mumbai, India Author
  • Mr. Navneet Rathod MET Institute of Management, Mumbai, India Author

Keywords:

Financial Literacy, Financial Behvaiour, Well-being, Elderly Women

Abstract

In this study, we examined how elderly women in Mumbai manage their finances and how it impacts their well-being. We surveyed 108 older women using a set of questions. Our findings show that when elderly women have more financial knowledge, they tend to make better financial decisions and feel happier. This suggests that teaching older women about finances and encouraging positive financial habits can improve their financial security and overall happiness. It's important for policymakers and community groups to support them in this endeavour.

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Published

2025-01-01

Issue

Vol. 1 No. 1 (2025): Jan-Jun 2025

Section

Articles

How to Cite

Sah, M.A. (2025) “To Understand the Impact of Financial Literacy, Behaviour Towards Well-Being of Elderly Women in Mumbai Facing Financial Challenges”, Indian Knowledge and Management Review, 1(1), pp. 51–60. Available at: https://ikmr.met.edu/index.php/ijmr/article/view/8 (Accessed: 2 August 2025).