A Study on Financial Literacy and its Impact on Decision-Making Capability among the Faculty of Paro College of Education
Year: 2026
Type: article
Study design: Observational Study
Abstract: This research examines the level of financial literacy among the faculty of Paro College of Education (PCE) and the impact of financial literacy on financial decision-making capability of faculty of PCE. The survey data was obtained from 43 faculty using semi-structured questionnaire. The questionnaire comprises of three Sections (i.e. A, B and C). The questionnaire has been standardised to likert scale to obtain accurate understanding on those parameters. Section A covers the demographic information of the respondent; section B covers the question of financial literacy where the question is typically set to understand respondent’s knowledge, practice and attitude. Section C finds out the question of respondent’s decision-making capability on the parameter of spending, saving and investments. The data collected from the primary source are analysed using descriptive statistics such as frequency, mean, percentage and correlation. The finding shows that the respondents with high financial literacy generally exhibit more favorable saving behavior and respondents with low financial literacy tend to display lower saving behavior. The Financial Literacy and Saving have a strong positive correlation, and this correlation is statistically significant. Whereas Financial Literacy with Spending and Investment are not statistically significant and the respondents are using their major income for spending compared to saving and investment.
Institution: Royal University of Bhutan
Language: English
Subfield: Finance
Domain: Social Sciences
SDG: Quality education
Open Access status: diamond
OpenAlex ID: W7167643153