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Financial literacy and investment decision-making among state government employees in Sikkim: an empirical assessment

Year: 2026

Type: article

Abstract: This study seeks to assess the level of financial literacy among Sikkim state government employees, focusing on the relationship between financial knowledge, attitude, and behaviour, as well as the impact of socioeconomic factors. The study included 441 state government employees chosen through purposive sampling in a cross- sectional survey design. The findings revealed that employees’ financial literacy ranges from low to moderate, with age, gender, income, education, and marital status serving as significant determinants. The significant positive correlation values between financial knowledge, financial attitude, and financial behaviour lent support to the proposed framework of knowledge, attitude, and behaviour. Furthermore, the study examined the role of financial literacy in shaping investment decisions and found that higher financial literacy significantly enhances employees’ ability to make informed, rational, and confident investment choices. These findings highlight the importance of comprehensive financial education initiatives that strengthen financial knowledge, promote positive attitudes, and encourage responsible behaviour, ultimately improving investment decision-making and contributing to employees’ long-term financial well-being.

Source: Discover Education

DOI: 10.1007/s44217-026-01196-4

Authors: Achanta Ravi Prakash, Bhupendra Adhikari, Ajay Poudyal

Institution: Sikkim University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $1,390