Assessment of Financial Literacy and Its Impact on Investor’s Decisions in Saudi Arabia: A Study in the Context of Enabling Financial Planning to Strengthen Economic Development
Table 1
Demographic profile of the respondents.
Demographic variables
Frequency (n)
Percentage (%)
Age
Less than 20
20
5.56
21–30
48
13.33
31–40
156
43.33
41–50
108
30.00
51–60
16
4.44
Above 60
12
3.33
Gender
Male
255
70.83
Female
105
29.17
Educational level
Diploma
35
9.72
Bachelor’s degree
142
39.44
Master’s degree
119
33.06
PhD
64
17.78
Profession
Government employee
130
36.11
Private employee
150
41.67
Business
24
6.67
Others
56
15.56
Are you aware of the concept of financial literacy?
Yes
304
84.44
No
56
15.56
Are you aware of financial markets, financial institutions, financial instruments, and financial services?
Yes
304
84.44
No
56
15.56
Do you invest your savings in any of the investment products?
