The Level of Financial Literacy of Minimum Wage Earners of Selected Establishment in Digos City
DOI:
https://doi.org/10.54536/ajebi.v5i1.5813Keywords:
Digos City, Financial Attitude, Financial Behavior, Financial Knowledge, Financial LiteracyAbstract
Financial literacy plays a crucial role in helping individuals manages limited resources, yet minimum wage earners often face challenges in making informed financial decisions. Despite its importance, limited research has been conducted to assess the financial literacy levels of minimum wage earners in Digos city. This study aimed to determine the level of financial literacy of minimum wage earners in selected establishments in Digos city, focusing on financial knowledge, behavior, and attitude. A quantitative research design was employed using random sampling, with 308 respondents completing a structured survey questionnaire. Finding revealed that respondents demonstrated a generally high level of financial literacy, with financial knowledge and financial behavior scoring higher than financial attitude, which emerge as the weakest dimension. Significant differences were observed in financial literacy levels based on gender and educational attainment, but no significant differences were found across age, civil status, and employment status. This results suggest the strengthen financial attitude through targeted interventions that build confidence and long-term planning skills. The findings provide valuable insights for policy makers, employers, and financial educators in designing programs to improve the financial well-being of minimum wage earners.
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Copyright (c) 2026 Eugine M. Antoque, Cyrin D. Cabrillos, Angelique Diane G. Florentino, Kathelene Mae B. Geloca
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