FINANCIAL LITERACY OF UNDERGRADUATE STUDENTS – A CASE STUDY OF A PUBLIC UNIVERSITY IN SOUTH AFRICA

Gumani Ramavhea; Jaco Fouché; Freda van der Walt

Makale detayları

FINANCIAL LITERACY OF UNDERGRADUATE STUDENTS – A CASE STUDY OF A PUBLIC UNIVERSITY IN SOUTH AFRICA

Yazarlar:

Gumani Ramavhea | Jaco Fouché | Freda van der Walt

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.48-65

Belge Tipi:

Makale

Yayın Tarihi:

5/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810816

Sıklık:

İki Yıllık

eISSN:

1309-8055

Özet:

 

Low financial literacy levels of students are receiving worldwide attention due to
 the impact it has on financial decision-making during the adult years. In line with
 this international trend on low financial literacy, South African students
 demonstrate low levels of financial literacy, which is of great concern if one takes
 into consideration that they are the future participants of an economy that is on the
 verge of a recession.
 Therefore, the aim of this study was to determine undergraduate students’
 financial literacy at a public university in South Africa. A cross-sectional study
 was conducted of a sample of 300 undergraduate students.
 The findings of the study enabled a more in-depth understanding of the financial
 literacy of undergraduate students, which holds important implications for
 financial literacy training. The participants’ knowledge regarding the issues
 relating to general financial literacy was observed to be low. They also performed
 poorly in terms of banking and taxation and financial planning, interest rates and
 general inflation. It was also reported that there is a significant difference between
 many groups within the biographical data.
 The research confirmed that there is a need for financial literacy training among
 students. This should focus on content areas where they lack financial literacy, in order to ensure that students experience financial well-being during the adult
 years. Better informed adults would make better financial decisions.

Makale detayları

FINANCIAL LITERACY OF UNDERGRADUATE STUDENTS – A CASE STUDY OF A PUBLIC UNIVERSITY IN SOUTH AFRICA

Yazarlar: Gumani Ramavhea | Jaco Fouché | Freda van der Walt

Yayıncı: Sosyal Bilimler Araştırmaları Derneği

Dergi: International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.48-65

Belge Tipi: Makale

Yayın Tarihi: 5/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000810816

Sıklık: İki Yıllık

eISSN: 1309-8055

Sayı

Yazarlar:

Gumani Ramavhea | Jaco Fouché | Freda van der Walt

Yayıncı:

Sosyal Bilimler Araştırmaları Derneği

Dergi:

International Journal of Economics and Finance Studies 2017 Vol.9 Issue 2, pp.48-65

Belge Tipi:

Makale

Yayın Tarihi:

5/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000810816

Sıklık:

İki Yıllık

eISSN:

1309-8055