Efficacy of Demographic Factors on the Financial Literacy Levels among Academicians in Bengaluru

Financial literacy has emerged as a critical determinant of individual financial well-being and informed economic decision-making. While academicians are presumed to possess higher cognitive and analytical abilities, variations in their financial literacy levels may be influenced by demographic characteristics. The present study examines the efficacy of demographic factors namely age, gender, educational qualification, teaching experience, income level, and field of specialization on financial literacy levels among academicians in Bengaluru. A structured questionnaire was administered to 150 respondents selected through purposive sampling. Financial literacy was measured across knowledge, behavior, and attitude dimensions. Descriptive statistics, independent sample t-tests, ANOVA and multiple regression analysis were employed. The findings indicate that income level, age, gender and teaching experience significantly influence financial literacy whereas the specialization was statistically insignificant. The study contributes to the growing literature on professional financial literacy and offers policy implications for targeted financial education initiatives within academic institutions.