Department of Economics

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Browsing Department of Economics by Author "Oboi Zabulon"

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    Impact Of Saving On The Stardard Of Living Of Households In Uganda A Case Study Of Kasodo Sub County, Pallisa District
    (Busitema University, 2023) Oboi Zabulon
    Most of the households in rural areas find it difficult to finance their operations, including their other income-generating activities, owing to their limited and irregular income. Low household incomes threaten to limit the achievement of the UN SDG’s as well as Uganda’s Vision 2030. There is no single pathway towards improving household income because social and economic fundamentals and the saving culture vary from one region to another. This study aimed to find out the impact of savings on standard of living of households in Kasodo Sub County, Pallia District. The study adopted a descriptive research design and focused on target population of 70 households in the area. Questionnaires schedules were administered to a sample of 59 respondents selected among rural households in the area. Households were stratified by distance from the nearest urban Centre and selected using stratified proportionate random sampling. The adult respondents, who were the heads of household, were selected purposively and the research tools administered. The primary data and personal observations were quantified and analyzed using Microsoft excel 2013. Descriptive statistics, such as frequencies and percentages were used for analysis of all quantitative variables. The Spearman's rank correlation Coefficient was used to establish the relationship between the independent and dependent variables. The results were presented in form of tables. The study concluded that the level of savings among households of Kasodo Sub County is relatively low and this is due to the low levels of income generated from subsistence production practiced in the area. The study also concluded that the standard of living of households in Kasodo Sub County, Pallisa District is characterized by low levels of education, low monthly family income, subsistence farming since most of the household heads were peasants, medication given freely through the government health centers and also most of the people are self-employed in either small businesses or in subsistence farming.