Impact of Financial Education on Economic Growth (Evidence from Pakistan Economy

Abstract

The primary objective of this study is to evaluate the influence of financial education on economic growth, specifically focusing on the Pakistani economy. Additionally, the aim is to identify the key variables and processes that hold significance in this study. The dependent variable for this research is economic growth, while the independent variable is financial education, encompassing factors such as financial knowledge, financial skills, and financial attitude. A quantitative research approach was employed, utilizing a questionnaire design to gather information. The questionnaire was divided into five sections. A random sampling technique was employed, and a total of 250 respondents, consisting of working individuals in Islamabad, were contacted based on the determined sample size. Statistical methods, specifically the SPSS software, were used for data analysis. Descriptive analysis involved the use of tables and their interpretation, while the inferential analysis utilized regression analysis to facilitate hypothesis testing. This research aims to determine the impact of financial education on economic growth in the context of the Pakistani economy. The findings of this study have potential implications for the public, the industry sector, and employment, as it highlights the specific areas within financial education that warrant greater attention.