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Evaluating the effect of financial literacy on saving behavior and financial well-being among employees of financial institutions

Bipin Bihari Chauhan et al.

Accounting Research Journal2026https://doi.org/10.1108/arj-03-2025-0069article
AJG 2ABDC B
Weight
0.50

Abstract

Purpose The purpose of this study is to discover the effect of FL influence on the saving behavior of financial institutions in India. Also to investigate the financial (knowledge, experience and confidence) impact on F_WEB in India. Design/methodology/approach The research “Evaluating the Effect of Financial Literacy on Saving Behavior and Financial Well-Being among Employees Toward Financial Institution” over a quantitative study. The technique of non-probability convenience sampling is used to discover the growth of employees and employed PLS-SEM analysis. Findings The findings reveal that financial experience (F_EXP) significantly influences saving behavior (F_SAB) with a p-value of 0.000, while financial knowledge (F_KNO) also significantly affects saving behavior with a p-value of 0.029. However, financial confidence (F_CON) does not significantly influence saving behavior, with a p-value of 0.435. Regarding financial well-being (F_WEB), financial knowledge (F_KNO) has a significant impact with a p-value of 0.000, and financial experience (F_EXP) also significantly affects financial well-being with a p-value of 0.000. Financial confidence (F_CON) does not significantly influence financial well-being, with a p-value of 0.834. Originality/value This study investigates the impact of financial literacy (FL) on savings behaviors and overall F_WEB in a rapidly changing economic climate, involving adults, students and salaried class members across various societal segments.

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https://doi.org/https://doi.org/10.1108/arj-03-2025-0069

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@article{bipin2026,
  title        = {{Evaluating the effect of financial literacy on saving behavior and financial well-being among employees of financial institutions}},
  author       = {Bipin Bihari Chauhan et al.},
  journal      = {Accounting Research Journal},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1108/arj-03-2025-0069},
}

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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