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
Birincil Dil | İngilizce |
---|---|
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 29 Nisan 2019 |
Gönderilme Tarihi | 3 Kasım 2018 |
Yayımlandığı Sayı | Yıl 2019Cilt: 5 Sayı: 13 |
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