Paper Title
A STUDY ON FINANCIAL LITERACY RATE OF SELECT EMPLOYEES AT UAEAbstract
Financial literacy has in recent years gained the interest of various groups including governments, bankers, employers, community interest groups, financial markets, and other organizations, private and public organizations. The importance of improving financial literacy has increased due to factors including the development of new financial products, the complexity of financial markets, and the changes in political, demographic, and economic factors. As a result of the increase in oil prices, the real gross domestic product per capita of the UAE has rapidly increased: Therefore, many locals now have extra money to save or invest, and look for investment opportunities. Moreover, with the highly competitive banking industry in the UAE, obtaining credit has been relatively easy. All the above factors make providing financial education an urgent issue. The purpose of this paper is to assess the financial literacy of the UAE individual investors who invest in the local financial markets. In addition, it examines the relationship between financial literacy and the influence of the factors that affect the investment decision. More concentration is given to the people who are employees of Private and Public sector. The financial literature became important for the citizens of every country to eliminate the problems in decision making of financial investment. Without the knowledge it is difficult to invest their hard earning money in various financial instruments excluding the fixed deposits in the banks or other financial institutions, as it gives minimum return compare to other financial instruments. Many investors will expect optimum earnings on their investments so the study is concentrated to know the percentage of people who is having financial literacy in UAE.
KEYWORDS : public sector, private sector, financial literacy, UAE, decision, financial institutions