Confirmatory factor analysis of financial literacy.

The figure depicts the construct financial literacy (FL) having five items. The rectangular shape represents the observed variables. The oval shape represents the latent variable. The value of CMIN/DF (Chi-square Mean/Degree of Freedom), RMSEA (Root Mean Square Error of Approximation), and P (Significance value) are 2.727, 0.066, and 0.028 respectively. The value of GFI (Goodness-of-Fit), AGFI ( Adjusted Goodness-of-Fit), TLI (Tucker Lewis Index), CFI (Comparative Fit Index), and NFI (Normed Fit Index) are 0.990, 0.961, 0.935, 0.974, and 0.960 respectively which proves the validation of the financial literacy model. All the model fit indices show good fit for the confirmatory factor analysis of the coronavirus awareness model.