An analysis of Financial Literacy among the Private College Teachers in Coimbatore city

The research study was based on the micro economic approach of estimating the responses of the respondents i.e. Private College Teachers towards the Financial Literacy in the Coimbatore city. The aim of the study was to determine the relationship between the savings and investments literacy among the teachers. The study was done on the different Private College Teachers. The data were collected by distributing a structured questionnaire to 12 Private College Teachers in different Colleges of Coimbatore city. In spite of low income the teachers have been saving for future needs. The major impact on savings is due to the level of income of the Private College Teachers. The research shows that the majority of the respondents is saving money as Bank deposits and Insurance for the safety of an unpredictable future. The main avenues of investment are Bank deposits and the main purpose of investment is for children‟s education, marriage, and security after retirement.