LEVEL OF FINANCIAL LITERACY OF PEOPLE IN IGACOS

Abstract

This study aims to determine the significant difference in the level of financial literacy of people of IGACOS. It also seeks to explore the respondent's financial attitude and financial skills; this study employed a quantitative descriptive comparative research design. The statistical tools were Mean, T-test, and ANOVA. The hypothesis was at 0.05 level of significance. The data were gathered through the use of Google form survey questionnaires distributed to 200 people of IGACOS. Study findings indicated that, on average, the financial literacy of IGACOS is more manifested in their financial attitude than in their financial skills. It signifies that there is no significant difference in the financial literacy of people of IGACOS when analyzed according to gender. Thus the hypothesis is accepted. This study recommended to the people of IGACOS not be contented with a moderate level of financial literacy. They should aim to attain a higher degree of financial literacy by making themselves available for financial awareness seminars.