2025, Vol. 8, Issue 2

This research examines the role of financial literacy, responsibility, and management in contributing to wealth-building and their interdependent roles in determining financial performance. Financial literacy provides individuals with the basic understanding of financial fundamentals in order to make informed decisions. Financial responsibility denotes habits of frugality like budgeting and saving, while financial management involves forward planning, resource optimization, and risk avoidance to ensure maximum returns on finances. These aspects combined create an integrated concept that is essential in the creation and maintenance of wealth.
By applying a quantitative research design, the data of 113 survey respondents were analyzed using statistical methods such as reliability tests, KMO and Bartlett's test, chi-square analysis, and ANOVA for validity and strength. The research investigates how financial literacy serves as a basis for responsibility and management and thus leads to the accumulation of wealth. It also identifies demographic factors such as age, income, and education that impact these financial behaviors.
Evidence shows that financial literacy highly reinforces responsibility and management, providing a window of successful wealth-building plans. The research also surfaces impediments like financial literacy and resource constraints, emphasizing the need for specific intervention. It also expresses the applicability of emerging themes, such as digital finance and sustainable investment, promoting their incorporation into financial literacy to empower people in a fast-changing economy.
The study offers policy-relevant lessons to policymakers, educators, and financial institutions on how to develop policies that can foster financial awareness, good behavior, and sound management. These policies can help minimize socioeconomic gaps, increase financial independence, and facilitate long-run financial well-being and prosperity. Although worldwide in its implications, the study is of special importance for India's emerging wealth management industry, where increasing prosperity, technology, and responsible investing are transforming the face of finance.