Open AccessFactors Influencing the Choice of Savings and Investment Avenues among Teachers
Publication year - 2020
Publication title -
international journal for research in engineering application and management
Language(s) - English
Resource type - Journals
ISSN - 2454-9150
DOI - 10.35291/2454-9150.2020.0260
Subject(s) - mindset , investment (military) , context (archaeology) , government (linguistics) , consumption (sociology) , quality (philosophy) , economics , sample (material) , open ended investment company , business , public economics , economic growth , labour economics , return on investment , microeconomics , sociology , political science , social science , geography , production (economics) , philosophy , linguistics , law , chemistry , chromatography , archaeology , epistemology , politics
The teachers play a significant role in the society’s growth, as they help to shape the mindset of nation as a whole. The attitude of teachers towards consumption, savings and investment would reflect their economic behaviour, which would influence the quality of life and in turn their performance and education system. A wide range of investment avenues with proper investment strategies and financial planning will leads to the teaching community to contribute to economic growth. In this context the study tries to examine the awareness on the different investment avenues and the factors which leads to the choice of savings and investment avenues among teachers. The study makes use of both primary and secondary data. The sample of the study is confined to college teachers and higher secondary teachers in the government and aided sector working in Calicut district. It has been identified from the study that the investment pattern of college and higher secondary school teachers is consistent with the traditional pattern of investment they have been using for years.