Analysis Of Income And Savings Pattern Of Government And Private Senior Secondary School Teachers

Education can justly be called a light house that saves the otherwise lost human souls from the doom of shattering against the rocks of ignorance and darkness. It is believed that human soul without education is like a dead and useless creature in land. Saving behavior is a complex whole relating to features integrated with individual himself and his work. There is a progress in this field, which is essential for developing countries like India. “Saving behavior is the whole matrix of job factors that make a person like his job factors that make a person like his work situation and be willing to head for it without distaste at the beginning of his work day. “Saving behavior is derived from and caused by many inter-related factors: some of these factors are personality, pay scale, social status and sex rate etc. The paper will examine the major sources of income, savings instruments, objectives of saving and factors affecting savings behavior of government and private sr. sec. school teachers.

The purpose of the study examines the income and savings pattern of government and private sr. sec. school teachers.

The present study is Primary data based and questionnaire method used to collect the data. To analysis the data simple percentage, average, S.D. and C.V. used.

The major source of income of Government teachers is salary while tuition fee for private teachers. Mostly Government & Private teachers both used Bank Deposits and Life Insurance for investing their savings. Government school teachers received more perks in comparison to private teachers. The main objective of savings of Government teachers is emergency and security while for private teachers is children education and purchase of consumer durable.