Impact of Financial Literacy on Retirement Planning of Women Employees in Public Electricity Companies in Telangana

Abstract

The purpose of this research is to investigate the Impact of financial literacy on retirement planning of women employees in public Electricity companies in Telangana. The current research study is an investigative and exploratory research. It uses primary data. The study examined partial least square-structural equation modelling (PLS-SEM) obtained by sampling data from 406 women employees of Public Electricity Companies in Telangana. The findings of this study have important inferences for both researchers and practitioners in the field of personal finance. They highlight the significance of FL in influencing individuals' Retirement Planning. Moreover, the role of psychological factors emphasizes the need to consider these factors when examining the relationship between FL and Retirement Planning. These findings suggest that interventions aimed at improving FL should also focus on enhancing individuals' Psychological Factors and cultivating positive Retirement Planning Behavior.