Factors Influencing the Savings Behavior of Faculty Members and Staff at Buriram Rajabhat University

Abstract

          This research aims to 1) study the opinions on social, economic, financial literacy, and saving behavior of faculty and staff at Buriram Rajabhat University and 2) investigate the influence of social, economic, and financial literacy on the saving behavior of faculty and staff at Buriram Rajabhat University. A stratified random sampling method was employed to select 266 participants from the university's faculty and staff. A questionnaire was used as the research instrument, comprising questions related to social, economic, financial literacy, and saving behavior. Data were analyzed using descriptive and inferential statistics, including frequency, percentage, mean, standard deviation, and multiple regression analysis.

          The results of the analysis indicated that the overall opinions on influencing saving were at a moderate level. Social were rated at the highest level, economic at a high level, and financial literacy at a moderate level. Saving behavior was rated at a high level overall, with the highest rating for debt management, followed by saving and investment, and cash management at a high level, while financial risk prevention was rated at a moderate level.

          The results of the analysis of influencing saving behavior revealed that economic factors and financial literacy significantly impact the saving behavior of faculty and staff at Buriram Rajabhat University, with effect sizes of 0.136 and 0.526, respectively. The predictive power of the model is 33.8%.