Money Attitudes in Workforce of Karachi

Abstract

This research was carried out with 150 working people of Karachi in order to investigate their attitudes towards money. The questionnaire was given to respondents from different organizations. Both blue collar and white collar workers were included. The data were analyzed by using explanatory variables, including gender, age, marital status, education and income. Findings indicate that the populations' money attitudes were linked to selected demographics such as education, gender and income. Also findings support the previous researches on the topic which prove that money attitudes such as power and prestige are correlated with distrust and anxiety. The results of this study are applicable to human resource, finance and marketing professionals alike. This would enable professionals in these areas to target their activities better with a substantial reduction in costs.