Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Financial Literacy And Poverty Management Among Youths In Kira Municipality, Wakiso District, Uganda
Kabanda Isaac, Magala Muhammad
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 5, No. 4 |
| Published | 30 April 2026 |
| ISSN | 3006-4384 |
Abstract
Youth unemployment and poverty in Uganda's urban and peri-urban areas have reached crisis proportions, with over 70% of young people aged 18–35 lacking formal employment and adequate financial management skills. This study examines the relationship between financial literacy levels and poverty management outcomes among youths in Kira Municipality, Wakiso District. A cross-sectional survey design was employed, with data collected from 340 youths using stratified random sampling across six wards of the municipality. Financial literacy was measured across four dimensions: budgeting knowledge, savings behavior, credit management, and investment awareness. Poverty management was operationalized through income stability, asset accumulation, and food security indicators. Results indicate that financial literacy levels in the study area are moderate (mean score 3.1/5.0), with significant deficits in credit management and investment awareness. A strong positive correlation (r = 0.71, p < 0.001) was found between overall financial literacy scores and poverty management outcomes. Multiple regression analysis confirmed that financial literacy is a significant predictor of poverty reduction, even after controlling for education level, employment status, and household size. The study recommends community-based financial education programs, integration of financial literacy into secondary school curricula, and youth-targeted savings mobilization schemes.
Keywords
Financial
Literacy
Poverty
Management
Youths and Kira Municipality
Cite This Article
Kabanda Isaac & Magala Muhammad (2026). Financial Literacy And Poverty Management Among Youths In Kira Municipality, Wakiso District, Uganda. Metropolitan Journal of Academic Multidisciplinary Research, 5(4). https://journals.miu.ac.ug/pages/article.php?article_id=557
More in This Issue
View full issue →
1
Access To Business Information And Performance Of Smes In Nakawa Market, Kampala, Uganda
Business Information
SME Performance
Nakawa Market
Kampala
2
Africa's Youngest Giant: A Longitudinal Analysis of Uganda's Demographic Dividend Opportunity and the Policy Imperatives for Realization
Africa's Youngest Giant
Longitudinal Analysis
Uganda's Demographic Dividend Opportunity and Policy Imperatives for Realisation
3
Agriculture Support Programs And Poverty Eradication In Rural Areas: A Case Study Of Ntusi Sub-County
Agriculture Support Programs
Poverty Eradication
Input Support
Extension Services
4
Analyzing the Impact Of Investigative Journalism On Health Care Policies In Government Hospitals. A Case Study Of Mulago National Referral Hospital.
Journalism
Health Care Policies and Government Hospitals
5
Assistive Technology And Participation Of Students With Special Needs In Selected Secondary Schools In Mbale District
Assistive Technology
Students with Special Needs
Inclusive Education
Participation