Using this dataset, our empirical study begins by examining the effect of financial literacy on household portfolio choices. We find that both basic and financial market literacy significantly increase the likelihood of households holding risky assets and their proportions of risky assets of total assets...
financial literacyfinancial involvementfinancial knowledgeparents influenceeducationsurveyuniversity studentsThe current financial crisis highlights real problems profoundly related to the level of financial knowledge. Some studies suggest that many individuals, including small business owners, do not have adequate ...
Table 9 presents the results of the multivariate analysis using the alternative literacy indices constructed from factor analysis. We find that the coefficients of advanced FL are positively related to market participation and statistically significant at the 1% level. Our findings show that FL ...
The results revealed that the spending habit and year of study have a significant positive relationship with the financial literacy, whereby the age and gender are negatively associated with the financial literacy. Finally, the limitation and recommendation are included to help further researchers to ...
Financial Literacy in College More Getty Images Making financial decisions – including around budgeting, taking out loans or investing – can be daunting, and many college students feel ill-equipped to do so. Given the rising cost of tuition, college students need to be more informed than ever...
Financial literacy is usually interpreted as a set of knowledge which is necessary to have for being able to make proper and correct decisions concerning personal investments, debts and other ones related to personal finance. Such type of education has become an important part of every educational ...
Financial Literacy Games for Students Related Study Materials Browse by Courses CLEP Human Growth and Development Study Guide and Exam Prep Introduction to Social Psychology: Certificate Program UExcel Social Psychology: Study Guide & Test Prep Human Growth and Development: Tutoring Solution Social ...
This study attempts to identify and prioritise the knowledge, skills and attitudes which will equip secondary school students to become financially literate and financially competent in their future personal money management. A theoretical profile of financial literacy and competency is developed in light ...
In addition, it examines the relationship between financial literacy and the influence of the factors that affect the investment decision. A modified questionnaire has been used to collect the data containing questions related to demography of the investors, factors affecting the investment decisions and...
To remedy this lack of data, Lusardi and Mitchell (in press) devised a module on financial literacy for the 2004 U.S. Health and Retirement Study (HRS). Their questions aimed to test basic financial knowledge related to the workings of interest compounding, the effects of inflation, and ...