Determinants of financial literacy: a quantitative study.
Abstract This study measures the learning outcomes and reported behavioral changes of students enrolled in a financial literacy course at a metropolitan university. A notable positive outcome is.
This research is a study about the determinants of financial literacy among UiTM's students. It is to investigate the link between factors such as family influence, personality characteristics.
Financial Literacy A: n Overview of Practice, Research, and Policy Sandra Braunstein and Carolyn Welch, of the Board's Division of Consumer and Community Affairs, pre-pared this article. In recent years, financial literac hay s gained the atten-tion of a wide rang oef majo bankinr companiesg, government agencies grass-root, s consume anr d com-.
The student who lacks financial literacy will procrastinate the work on the papers and they will always buy them online. That's how being smart about money makes a difference. Financial Literacy Can Balance Out Negative Spending Habits College students are two to three times more prone to gambling than adults.
At many colleges, financial literacy education is largely composed of brief, federally mandated entrance and exit loan counseling for students. Student feedback indicates that most do not comprehend the information presented, and view it as one more requirement of the financial aid process rather than a learning opportunity.
The growing complexity of financial markets places a greater burden of financial responsibility on individuals. As a consequence, financial literacy has increased in importance as a basis for understanding and managing financial matters. In response, financial education programs have been offered to adults and youth to improve their financial literacy and capability.
The author would like to thank Michael Finke for his helpful suggestions in writing this paper. As the principal investigator of the Financial Literacy Assessment Project at Texas Tech University, the author would like to acknowledge research team members Vickie Hampton, Dorothy Durband and Michael Finke for their contributions, along with former graduate assistants Hyrum Smith and Sonya Britt.