Year 2019, Volume 5 , Issue 13, Pages 35 - 43 2019-04-29


Aleš KOZUBİK [1] , Zuzana KOZUBÍKOVÁ [2] , Josef POLÁK [3]

This paper presents the results of the financial literacy survey of the university students in the economic fields of study. The research was conducted by a questionnaire survey method at two universities, one of them in the Slovak Republic and the other in the Czech Republic. The survey involved both, the full-time students as well as the part-time students. In the framework of this survey, some of the personality characteristics of the participants were found out, and in the second part, they solved a total of thirteen problems in the area of daily financial decision making. The questions examined their financial literacy across four areas of personal finance, namely time value of money and perception of inflation, annuities and debt repayment, risk and investment, and decision making. All questions were assigned as multiple choice questions with four response options, one of which was the correct answer, two incorrect answers, and "I do not know" option. While the part-time students answered over 56% questions correctly, the full-time students answered only 51% questions correctly. After identifying a higher level of total financial literacy of the part-time students we applied the methods of the statistical analysis and subsequently, we detect the areas where daily students are lagging behind. At the end of the article, we summarize the causes of this phenomenon and propose possible solutions to the current situation related to the development of financial literacy. The monitored areas of this article serve as an output of a forthcoming pilot project that focuses on identifying the preferences of consumer attitudes, loans, savings, and investments of a select population of the young generation.

financial literacy, personality characteristics, daily decision making, practical learning outcomes
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Primary Language en
Subjects Social
Journal Section Articles

Author: Aleš KOZUBİK (Primary Author)
Country: Slovakia

Author: Zuzana KOZUBÍKOVÁ
Country: Slovakia

Author: Josef POLÁK
Country: Slovakia


Publication Date : April 29, 2019

EndNote %0 International E-Journal of Advances in Education FINANCIAL LITERACY OF FULL-TIME AND PART-TIME UNIVERSITY STUDENTS %A Aleš KOZUBİK , Zuzana KOZUBÍKOVÁ , Josef POLÁK %T FINANCIAL LITERACY OF FULL-TIME AND PART-TIME UNIVERSITY STUDENTS %D 2019 %J IJAEDU- International E-Journal of Advances in Education %P 2411-1821-2411-1821 %V 5 %N 13 %R doi: 10.18768/ijaedu.478251 %U 10.18768/ijaedu.478251