In this changing era, the economic participation of women is seen as the fundamental pillar of the country’s sustainable development. Women have made exceptional treads in various fields, but when it comes to financial freedom, they are still lagging behind men in many aspects. The study mainly focuses on the variable that helps in attaining financial independence for women. The study focuses on mediating the relationship between economic factors, social factors, and financial inclusion that ultimately affect the financial autonomy and freedom of women. For a deep understanding of the aspects, data is collected with the help of questionnaires from various sections and classes of women. Further, the analysis is conducted through Structural Equation Modeling. The study finds that financial factors, societal ideology, and financial inclusion have a deeper influence on the financial autonomy of women. Also, the analysis depicts that access to technology and financial services is affected by the money variables and societal ideology, which ultimately had a deeper impact on the financial liberace of the women. So, addressing economic and social issues along with financial inclusion is essential for closing the gender gap worldwide and promoting sustainable growth.

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Economic and Social Determinants of Women’s Financial Freedom

  • Payal Malani Holani,
  • Navita Nathani,
  • Gaurav Soin

摘要

In this changing era, the economic participation of women is seen as the fundamental pillar of the country’s sustainable development. Women have made exceptional treads in various fields, but when it comes to financial freedom, they are still lagging behind men in many aspects. The study mainly focuses on the variable that helps in attaining financial independence for women. The study focuses on mediating the relationship between economic factors, social factors, and financial inclusion that ultimately affect the financial autonomy and freedom of women. For a deep understanding of the aspects, data is collected with the help of questionnaires from various sections and classes of women. Further, the analysis is conducted through Structural Equation Modeling. The study finds that financial factors, societal ideology, and financial inclusion have a deeper influence on the financial autonomy of women. Also, the analysis depicts that access to technology and financial services is affected by the money variables and societal ideology, which ultimately had a deeper impact on the financial liberace of the women. So, addressing economic and social issues along with financial inclusion is essential for closing the gender gap worldwide and promoting sustainable growth.