The Nexus between Job Security and Personal Financing in Nigeria

Abstract

The study examined the Nexus between Job security and Personal financing in Nigeria. Personal financing associated with human needs always occurs daily, where income is the drive to satisfy one's daily needs. There is a striking and noticeable connection between job security and personal finances considering that the loss of job and other sources of income can bring about financial disaster to the individual personal life. The research made use of primary data, and the respondents were the individuals in the working-class segment of the Nigerian population. The study concluded that there is a significant relationship between job security and personal financing in Nigeria. Based on the findings of the study, the researchers recommended that employees should prudently allocate their incomes to reduce irrelevant costs and maximise value.

Keywords: Job security, Personal Financing, Personal Physical Investment, Banking habits, day-to-day spendingated]

JEL Classification: D1, E2, J2