How Socio-Economic Factors Influence Household Saving Patterns: Insights from Faisalabad, Pakistan
Journal Title: International Journal of Current Science Research and Review - Year 2025, Vol 8, Issue 03
Abstract
Saving is vital at both micro and macro levels, at the micro level it secures the future of individuals and at a macro level, it increases the level of investment which increases the level of the country’s economic growth. This study examined the impacts of socio-economic factors on household saving behaviour in Faisalabad Pakistan. Cross-sectional data was collected at the district level from 200 respondents from rural and urban areas of Faisalabad. A stratified random sampling technique was used for data collection. Household saving were used as the dependent variable and income, age, square of age, dependency ratio, marital status, employment status, level of education, wealth and liability were used as independent variables and regression was used for data analysis. The results of this study revealed that income and employment level significantly and directly impact household savings. Dependency ratio, marital status, level of education, wealth and liability have inverse and significant impact on household level of saving.
Authors and Affiliations
Abdul Mateen, Rizyana Mirda, Rana Sharjeel Akhtar, Irum Diah Adtuti Sari, Muhammad Faizan Anwar, Nuzulul Fatimah,
Keywords
Related Articles
- EP ID EP761840
- DOI 10.47191/ijcsrr/V8-i3-42
- Views 10
- Downloads 0
Ternate Sultanate Palace: A Multifaceted Hub at the Crossroads of Culture and Politics
Historically, sultans have always had living space (lebenschraum habitus). In the Sultanate of Ternate, the living space of the sultans was the kadaton (palace) which since its birth was organized according to the philos...
The Influence of Company Size, Board of Directors and Leverage on Sustainability Report Disclosure with Profitability as a Moderation Variable in LQ45 Companies Listed on the Indonesia Stock Exchange
This research aims to analyze the influence of company size, board of directors and leverage on sustainability report disclosure with profitability as a moderating variable in LQ45 companies on the Indonesia Stock Exchan...
Unveiling Psychological Perspectives on Aging Minds and Cancer: A Review
In geriatric oncology, the intersection of aging complexities and cancer care intricacies shapes the journey of elderly individuals facing cancer. This review explores emotional, cognitive, and social dynamics influencin...
Kim Bok-jin - the founder of national sculpture in Korea during the Japanese colonial period
This study analyzes the biography and work of Kim Bok-jin (pseudonym: Chongwan), the first Korean to graduate from the sculpture department of Tokyo University of the Arts in Japan during the Japanese colonial period (in...
Analysis of Basic Needs Factors Affecting the Academic Success of Affirmation Students: A Case Study at Jenderal Soedirman University
This study examines the factors influencing the academic success of ADIK Papua affirmation students, particularly at Jenderal Soedirman University, using Maslow’s Hierarchy of Needs Theory. The research aims to understan...