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@article{198649,
        author = {Shruti kumari and Nirmal Adhikari and Varsha Maurya and Mansi Khator},
        title = {Spending & Saving habits of Youth in Maharashtra},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {11},
        pages = {11048-11060},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=198649},
        abstract = {Background: Understanding the financial behaviour of youth is critical for economic development and individual financial well-being. With India's demographic dividend and Maharashtra's position as an economic powerhouse, examining the saving and spending habits of young adults aged 18-30 years provides valuable insights for policymakers, financial institutions and educators.
Objective: The Objective of the research is to comprehensively analyse the saving and spending habits, consumption behaviour, and financial literacy of youth aged 18–30 in Maharashtra
Methods: This research employs a descriptive cross-sectional survey design for Maharashtra. A multi-stage stratified random sampling technique will be used to ensure representation across urban and rural areas, educational backgrounds, and employment status. Data will be collected through a structured questionnaire measuring demographic characteristics, income sources, saving behaviour, spending patterns, financial literacy, and behavioural factors. Statistical analyses including descriptive statistics, correlation analysis, regression analysis and structural equation modelling will be employed.
Expected Outcomes: The study is expected to reveal patterns in saving and spending behavior, identify key determinants of financial behaviour, assess financial literacy levels, and provide evidence-based recommendations for financial education programs and policy interventions targeting youth in Maharashtra.},
        keywords = {Youth financial behaviour, saving habits, spending patterns, financial literacy, Maharashtra, India, young adults, financial well-being.},
        month = {April},
        }