Financial behaviour Across Professions: An In-depth Analysis of Knowledge, Attitudes, and Practices among Professionals in Diverse Sectors

Abstract

Purpose: To analyse the knowledge, attitudes, and practices regarding finances among professionals across different sectors for improving financial well-being.

Design/methodology/approach: It involves a comprehensive analysis of financial behaviors among professionals through surveys (questionnaire). The data collected has been properly aligned in excel sheet and then was entered into SPSS 20.0 software and then t-test, Multiple regression and ANOVA has been used for properly analysing the data.

Findings – The analysis reveals that future planning is the primary driver of investment, with individuals motivated by high returns and tax benefits. Investors display a risk-averse nature, as supported by portfolio frequencies. 

Originality/value – This paper uniquely examines the interplay of risk and return in the financial attitudes and practices of professionals across various sectors, offering crucial insights into their distinct risk-taking behaviours and potential returns on investment.

 Paper type- Article

This study conducts a thorough analysis of financial behaviour across diverse professions, investigating the knowledge, attitudes, and practices of professionals. Through surveys and interviews spanning sectors like finance, academics, and technology, the research unveils patterns in financial understanding, attitudes towards risk, and practical behaviours. The findings offer targeted insights for financial advisors and policymakers to enhance financial well-being tailored to the unique needs of professionals in different fields. This study contributes to a nuanced understanding of the interplay between professional life and financial decision-making.