A research investigation of the knowledge and behavior of high school students in the domain of financial literacy and personal finance
Year: 2024
Type: article
Study design: Observational Study
Abstract: The research study examines the financial literacy levels and behaviors of high school students, focusing on their preparedness for the financial challenges of adulthood. Financial literacy, encompassing skills like budgeting, saving, and investment decision-making, is essential for personal and societal economic stability. Using a mixed-methods approach, this study assesses students' knowledge, decision-making patterns, and the factors influencing their financial behavior, such as socio-economic and educational backgrounds. It also evaluates the effectiveness of existing high school financial education programs. Findings highlight gaps in students' financial competencies, with significant disparities across demographics, and provide evidence-based recommendations to enhance financial curricula. This research underscores the critical role of financial literacy in reducing economic inequalities and enabling young individuals to make informed decisions, fostering their long-term financial well-being and societal contributions.
Author: Jinyoung Hwang
Institution: University of Edinburgh
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Quality education
Open Access status: hybrid
OpenAlex ID: W4404727904