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Abstract:
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The study is about the Gulf-returned Keralites and their personal financial
planning during the Gulf-period. The researcher has examined the nature of their
income, expenditure, savings and investments during the Gulf-period and after their return. Even though the Gulf-returned Keralites had remitted huge amounts to Kerala, it appears that the majority of them are struggling hard to make both ends meet. The sample consists of 318 Gulf-returned Keralites selected by employing
stratified random sampling technique, from 5 districts. After a pilot study, the data was collected through personal interviews using a structured schedule.
In order to find out whether the respondents had personal financial planning
during the Gulf-period, the researcher has evaluated 15 elements of personal financeusing a five-point-scale rating technique. The hypotheses were tested using
correlation, t-test, chi-square and ANOVA, through SPSS. |