Financial Education Practices Adopted by Household Investors for Children: A Study of Mizoram

Abstract

Financial education is one of the most important determining factors of the investment behaviour of a person. Imparting financial education to other persons who are not familiar to savings and investments is now one of the main focus areas of financial institutions and regulatory bodies. For a household investor, teaching children about savings and investments could result in better financial decisions for the family as well as their children's future family. This study looks into the degree at which household investors are taking steps in educating their children about financial matters. Purposive sampling on household investors from the state of Mizoram was done so as to get better insight to the behaviour of household investors towards the strategies they adopted in teaching their children about savings and investment.