International Journal of Home Science
2016, VOL. 2 ISSUE 3, PART D
Credit access and its effect on economic wellbeing in dual career families
Author(s): Ayesha Sultana Ahmed and Dr. Telaprolu Neeraja
Increased variety of products and the instability of the global economy in twenty first century caused increasing complexity of financial decisions and also caused consumers faced with the challenge in economic and financial activities. In this regard, this study tries to evaluate the impact of credit access and its effect on economic wellbeing in dual career families. Thirty respondents were selected using the purposive sampling method. Survey research method was adopted by using standardized interview schedule and either husband or wife who was taking active role in families’ financial management was the subjects for conducting the interview. Accumulated evidence has shown that financial access promotes growth for enterprises through the provision of credit to both new and existing businesses. It benefits the economy in general by accelerating economic growth, intensifying competition, as well as boosting demand for labour. Data was analysed using correlation test; the results showed relationship between the three factors influencing economic wellbeing i.e., income inadequacy, debt stress and financial stress, but no significant relation between credit access and economic wellbeing. The results of ANOVA test indicate that there is no significant difference between credit access and financial wellbeing.
How to cite this article:
Ayesha Sultana Ahmed and Dr. Telaprolu Neeraja. Credit access and its effect on economic wellbeing in dual career families. International Journal of Home Science. 2016; 2(3): 199-202.