Advances in Consumer Research
Issue 4 : 386-391
Original Article
Financial Literacy and Retirement Preparedness: A Study of Salaried Women in Haryana
 ,
1
Research Scholar, School of Management, G.D Goenka University, Sohna Road, Gurugram,Delhi NCR,
2
Dean Academics & Professor, School of Management G.D Goenka University, Sohna Road,Gurugram, Delhi NCR,
Abstract

Today, the modern economy has become dynamic, and inflation has also increased significantly. The financial and investment sectors have expanded their scope. Various investment methods are available for different categories of investors. The objective of this study is to analyze the level of awareness of salaried female investors regarding the nature of investments and to identify the influential factors of their investments. The statistical tool used for this study was descriptive analysis. Many people often harbor the misconception that they don't need financial planning because their income and expenses are regular, but this isn't true, especially for female employees. Thus, this research highlights the importance of understanding women's perspectives and their financial situation. This study examines the relationship between financial literacy and retirement preparedness among salaried women in Haryana. As more women enter the workforce in government and private sectors, their long-term financial security becomes an important socio¬economic concern. Using a quantitative survey of 180 salaried women, this research investigates levels of financial knowledge, retirement planning behavior, and the factors influencing preparedness for old-age financial security. Results reveal that financial literacy significantly predicts retirement preparedness, while education level, income, and employer support also play strong contributing roles. The study highlights the importance of targeted financial education programs and policy interventions to improve women’s retirement outcomes

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