SOCIOECONOMIC FACTORS INFLUENCING FINANCIAL LITERACY AMONG 4PS BENEFICIARIES IN GENERAL SANTOS CITY

Financial literacy is the awareness, information, skills, and behavior needed for appropriate financial decision-making and financial success. Financially literate people can handle money, grasp credit and debt, and understand finance's ethical, social, political, and environmental components. Financial education is becoming more critical, but the population's financial awareness will only succeed when everyone knows they are financially illiterate and that this knowledge helps them. Financial education is unlikely without financial understanding. This study aimed to determine the socioeconomic factors that influence the financial literacy among 4Ps beneficiaries in General Santos City. The study was conducted through a face- to-face data gathering procedure from three Barangay: Calumpang, Uhaw, and Labangal. The respondents were chosen through stratified random sampling. Based on the study findings, most respondents have no schooling completed and have no jobs but are currently working for work with a total household income of 5,000 pesos. It was found that financial attitude somehow affects the financial literacy of the 4Ps beneficiaries while financial behavior and financial knowledge do 1 influence their financial literacy. Overall, there was no significant relationsl between the socioeconomic factors and financial literacy of the 4Ps beneficiary in General Santos City.