Financial Literacy among Standard VIII Students: A Study in CBSE Schools in Gandhinagar
Keywords:
Financial Literacy, Financial Education, Standard VIII Students, NCERT CurriculumAbstract
Financial literacy is now seen as a basic life skill shaping how people handle income, savings, credit, and risk throughout their lives. The present study examined the level of financial literacy among Standard VIII students in Gandhinagar. A descriptive survey was carried out using a 38-item multiple-choice financial literacy test developed by the researcher, administered to 254 Standard VIII students from three Kendriya Vidyalaya schools selected by convenience sampling. Results indicated a fairly low level of financial literacy overall (mean = 23.63, standard deviation = 5.71, out of 38): 37.0% of students scored low, 33.1% medium, and 29.9% high. A Mann-Whitney U test showed no statistically significant difference between boys and girls (U = 7,211,500, p = .763), but a significant difference by family business status (U = 5,924,500, p = .032). The findings suggest that classroom exposure alone may not suffice without financial socialisation within the family.
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Author Biography
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Ankita Shukla, Research Scholar, Department of Education, Central University of Kerala, Kerala, India
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The data supporting the findings of this study are not publicly available due to privacy and ethical considerations concerning the student participants.
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