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An investigation of the Level of Financial Literacy Among the Mauritian Population

Author

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  • YUVRAJ SUNECHER

    (UNIVERSITY OF TECHNOLOGY MAURITIUS)

  • Mevin Luchoo

    (University of Technology Mauritius)

Abstract

This study investigates the degree of financial awareness and literacy in Mauritius. A survey was conducted to find out about the population's understanding of financial products, investment alternatives, borrowing, saving, investing, and financial abilities. The population's degree of savings knowledge is high, whereas their understanding of general finance, investments, and insurance is low to average, according to the study's conclusion. This study also looks into the population's financial literacy and awareness as well as the steps that the appropriate authorities should take to make sure that people are taught not only how to budget and save money but also how to invest in assets, protect their finances, and?most importantly?how to manage their money sensibly by forming good financial habits.

Suggested Citation

  • YUVRAJ SUNECHER & Mevin Luchoo, 0000. "An investigation of the Level of Financial Literacy Among the Mauritian Population," Proceedings of Economics and Finance Conferences 14716502, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:14716502
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    References listed on IDEAS

    as
    1. Zhong Chu & Zhengwei Wang & Jing Jian Xiao & Weiqiang Zhang, 2017. "Financial Literacy, Portfolio Choice and Financial Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(2), pages 799-820, June.
    2. Lusardi, Annamaria & Mitchell, Olivia S., 2011. "Financial literacy around the world: an overview," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(4), pages 497-508, October.
    3. Annamaria Lusardi, 2019. "Financial literacy and the need for financial education: evidence and implications," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 155(1), pages 1-8, December.
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