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Interdisciplinary Social Research

ISSN: 0000-0000

The journal Interdisciplinary Social Research is an academic journals online that aims to provide dissemination of original research papers and reviews of related existing literature that emphasizes the complex interactions between different branches of social sciences. In this regard, the journal aims to enhance unique perspectives from professionals of various disciplines to address emerging multifaceted issues that affect global societies.

The Impact of Financial Literacy in Gig Workers' Economic Resilience on Saving and Investment: A Correlational Study

1Raed Elomari

1MetLife Gulf, Dubai, United Arab Emirates

Received: 08-Dec-2024 | Revised: 17-Feb-2025 | Accepted: 06-March-2025

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Abstract

The gig economy provides freedom and income potential, presenting financial challenges, job security, income stability, long-term financial gain and planning. The study aims to assess the relationship between literacy and economic resilience among gig workers and how this, in turn, affects saving and investment behaviour. The present study employed a primary quantitative research design using a correlational approach to investigate a relationship between financial literacy, saving/investment behaviour, and economic resilience among gig workers. The results show that financial knowledge is strongly correlated with investment knowledge (r = .953), and keeping investment behaviour is (r=.955), which is suggested as higher financial awareness that leads to best investment and saving habits. Financial behaviour is highly correlated with saving investment (r=.956). The R-square value of .992 means that 99.2% of a variation in saving and investment behaviour can be explained by financial knowledge, financial behavior, economic resilience, and investment knowledge.

Keywords

Financial Literacy, Gig Economy, Wealth Accumulation, Risk Assessment, Financial Resilience, Financial Dynamics.