Abstract
Our study explores the financial complexities faced by Dakshina Kannada's ageing population, employing a multifaceted approach to reveal a tapestry woven with knowledge, skills, and social realities. While a consistent level of financial awareness exists across generations (confirmed by One-Way ANOVAs), specific skill gaps and potential variations in social security adequacy across socioeconomic groups, hinted at by independent samples t-tests and oneway ANOVAs, necessitate targeted interventions. A moderate, statistically significant correlation (r = 0.334, p < .001) between specific financial literacy skills (identified through correlation matrix analysis) and planning behaviours, highlighting the potential impact of skill-focused interventions using tools like budgeting and debt management. However, while providing some support, social security systems may not adequately address the diverse needs of different socioeconomic groups (as suggested by ordinal logistic regression), urging further investigation and potential policy adjustments. Cultural beliefs, though important, cannot be the sole explanation for variations in financial planning (as demonstrated by the poor fit of the ordinal logistic regression model). By acknowledging the intricate financial realities of Dakshina Kannada's ageing population (based on data collected from 100 respondents through surveys) and implementing targeted solutions informed by our findings, we can empower individuals to confidently navigate their financial journey. This approach, encompassing skill-specific interventions, policy adjustments, and community-based support, holds the potential to build a more secure and prosperous future for Dakshina Kannada's ageing population.