Article Details

Effect of Socio-Economic Variables on Level of Investment of Salaried Class Employees Working in Private Sector at Jhansi District | Original Article

Gazala Ahmad*, Mohd. Shamim Ansari, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

ABSTRACT:

Saving and Investment are the two sides of the same coin. Without saving there is no investment and without investment savings have no value. Investment has become an integral part for circular flow of money in the economy. But, there are several demographic and socio-economic variables which affect the level of investment of investors. This study aims to find out the socio- economic factors which affect the level of investment of salaried class employees working in private sector of Jhansi district. The data has been collected through a structured questionnaire administered to 250 respondents working in various organizations of private sector in Jhansi. It was found that there is a significant relationship between Level of Investment and Age, Marital Status, Sector wise Employment, Nature of Family, Size of Family, No. of Income Earners and Monthly Income of the Family. Whereas, gender and educational qualification were found to be insignificant. Statistical tools used are percentages, cross- tabulation, Friedman Rank Analysis and Chi Square test. It has been assessed that the main purpose of investment is to make provisions for future. The employees working in banking sector have the highest level of investment.