Financial Literary Among College Students

Bibliographic Data

ID22197796
AuthorsMeenu Susan Jacob (Department of Commerce, corresponding author)
Year2024
Volume5
Issue7
Publication date2024-07-31
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueShodhKosh: Journal of Visual and Performing Arts (JOURNAL)
Journal identifiersISSN: 2582-7472 • E-ISSN: 2582-7472
PublisherGranthaalayah Publications and Printers (PUBLISHER • IN)
DOI10.29121/shodhkosh.v5.i7.2024.4756
OpenAlexW4409113203
LanguageEN
References cited11

Financial literacy stands as a fundamental ability that affects how college students behave with their money and make choices about decisions as well as future financial security. The study reveals that financial literacy reaches a moderate level in 56% of students yet Business & Economics students maintain 72% while STEM students have 58% and Humanities students demonstrate 48%. The study shows that budgeting occurs among 42% of students and regular saving takes place among 38% of students yet impulse spending affects 55% of students. The insufficient financial education of students remains a critical issue because students who receive formal financial training achieve better scores in financial literacy tests but represent only 29% of the student population. The study relies on quantitative methods with 400 college participants representing various fields through structured questionnaire data analyzed for financial literacy and behavior evaluation. Statistical analysis shows that responsible financial behavior possesses a significant connection (r = 0.67, p

Business · Financial Literacy, Pension, Retirement Analysis · Financial Markets and Investment Strategies · Housing Market and Economics · Psychology · Finance

Tools

Open DOIOpen Access