INVESTIGATING THE CORRELATION BETWEEN FINANCIAL LITERACY AND THE ADOPTION OF DIGITAL PLATFORMS FOR THE WOMEN TEACHERS’ SUSTAINABLE SAVINGS

Abstract

This study investigates the correlation between financial literacy and the
adoption of digital platforms among women teachers on their savings. Recognizing a gap
in the existing literature, this research aims to explore how financial literacy influences
the utilization and perception of digital financial technologies within this demographic
group. A structured survey was administered to a sample of 250 women teachers,
utilizing stratified random sampling. The survey encompassed questions about
demographic information, financial literacy levels, and the usage of digital savings
platforms. Data analysis was conducted using frequency count, correlation, and
regression analysis to examine the relationships between variables. The findings revealed
a significant positive correlation between financial literacy levels and the adoption of
digital savings platforms. Higher financial literacy was associated with increased use,
motivation, confidence, and a perceived positive impact on savings habits. Regression
analysis further confirmed the predictive power of financial literacy on these aspects.
These results underscore the importance of enhancing financial literacy, particularly
among women educators, to foster the adoption of digital financial tools. The study
suggests that targeted educational interventions and user-friendly digital platform designs
could significantly improve financial technology adoption rates. The findings also hold
implications for policymakers and financial service providers, highlighting the need for
strategies that support financial literacy and technology integration. In conclusion, this
research contributes to the broader understanding of financial technology adoption in an
emerging market context, emphasizing the critical role of financial literacy in enabling
and enhancing the use of digital platforms for the sustainable savings.