AN ANALYSIS OF SAVING PRACTICES AND PREFERENCES OF LOWINCOME EARNERS IN ESWATINI: A CASE STUDY OF TEXTILE WORKERS

Farai Kwenda () and Siphesihle N. Sithole ()
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Farai Kwenda: University of KwaZulu Natal, South Africa
Siphesihle N. Sithole: University of Eswatini, Africa

Eurasian Journal of Economics and Finance, 2024, vol. 12, issue 2, 93-106

Abstract: This study analyzed the saving practices and preferences of low-income earners in the textile industry in Manzini, Eswatini. The study analyzed three key fiscal management practices; saving attitude, budgeting, and spending practices to determine whether low-income earners have good or bad saving practices and preferences. The study adopted a quantitative research approach. Self-administered questionnaires were used to collect primary data from 386 randomly selected participants using the stratified random sampling technique. The findings indicated that lowincome earners have good saving practices and preferences. The t-test and ANOVA analysis showed that the saving practices and preferences of low-income earners vary significantly with their age, marital status, household size, education, income level and family background. Logistic regression analysis results showed that household size, education and income level were the only demographic variables that influence saving practices and preferences of low-income earners. Based on the findings, the study concluded that in spite of their low income which constraint saving, textile workers have good attitude saving.

Keywords: Saving Practices and Preferences; Logistic Regression; Low-Income Earners (search for similar items in EconPapers)
Date: 2024
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