To What Extent Does Income Level Reflect the Saving or Investment Behavior of Indian Youth via their Risk Awareness?

This study explores the extent to which income level influences the saving and investment behavior of Indian youth through financial risk awareness. Using a mixed-method approach, data were drawn from a pre-validated survey of 135 respondents aged 18-30, supplemented by RBI, SEBI, and Global Findex reports. Quantitative analysis, including Welch's t-test (p = 0.0203), revealed significant differences in risk understanding between higher- and lower-income groups, though correlation (0.042) remained weak. Qualitative findings highlighted the roles of family guidance, digital literacy, and informal networks in shaping financial habits. External validation confirmed persistent literacy gaps, especially among informal-sector youth. The study emphasizes that while income matters, early financial education and resource access are equally critical for fostering long-term financial capability.