scholarly journals Regulatory Focus, Money Attitudes and Financial Literacy: Evidence from Portuguese Young Adults

2020 ◽  
Vol 41 (4) ◽  
pp. 615-625 ◽  
Author(s):  
Maria C. Pereira ◽  
Filipe Coelho
Keyword(s):  
Young Adults ◽  
Financial Literacy ◽  
Regulatory Focus ◽  
Money Attitudes

scholarly journals ASSET: A new measure of Economic and Financial Literacy (Accepted at the European Journal of Psychological Assesment)

2019 ◽  
Author(s):  
Tomas Folke ◽  
Jovana Gjorgjiovska ◽  
Alessandro Paul ◽  
Lea Jakob ◽  
Kai Ruggeri
Keyword(s):  
Socioeconomic Status ◽  
Young Adults ◽  
Young People ◽  
Psychometric Properties ◽  
Financial Literacy ◽  
Predictive Power ◽  
Mathematical Ability ◽  
Financial Decisions ◽  
High Level ◽  
Literacy Research

Young adults increasingly require good financial literacy to make the most of the opportunities provided to them. Unfortunately, existing financial literacy measures that may assist with targeting interventions show low reliability, ceiling effects, and a high level of abstraction. To address this, we designed and assessed the psychometric properties of a new measure specifically targeting young people, the Assessment of Economic and Financial Literacy (ASSET). We find it has better overall validity, reliability, and predictive power than existing measures. Using ASSET, we find that mathematical ability, calculator use (an example of deliberative thinking), gender, and socioeconomic status are key predictors of financial literacy. We recommend this more robust tool for use in financial literacy research to assess implications for guiding major financial decisions amongst young people.

Young adults' financial literacy and overconfidence bias in debt markets

2020 ◽  
Vol 21 (1/2) ◽  
pp. 95 ◽  
Author(s):  
Andrzej Cwynar ◽  
Wiktor Cwynar ◽  
Wiktor Patena ◽  
Welcome Sibanda
Keyword(s):  
Young Adults ◽  
Financial Literacy ◽  
Debt Markets ◽  
Overconfidence Bias

scholarly journals Financial Literacy in the Czech Republic

2015 ◽  
Vol 2 (4) ◽  
pp. 25-35
Author(s):  
Liběna Kantnerová
Keyword(s):  
Young Adults ◽  
Czech Republic ◽  
High Schools ◽  
Young People ◽  
Financial Literacy ◽  
Financial Knowledge ◽  
The Czech Republic ◽  
Youth And Young Adults ◽  
The University ◽  
South Bohemia

This paper analyses the need to deal with the issue of financial literacy and financial knowledge not only by adults, but also by youth and young adults. This paper is focused on research into the knowledge and understanding of the financial literacy of young people, mostly between the ages of 16 to 33 years, via a questionnaire. The survey, undertaken in the Czech Republic, is based on a sample of 329 students from high schools and 329 students from the University of South Bohemia in České Budějovice [658].

scholarly journals P2P Lending platforms in Malaysia: the awareness among young adults

F1000Research ◽  
2021 ◽  
Vol 10 ◽  
pp. 1096
Author(s):  
Lan Thi Phuong Nguyen ◽  
Saravanan Muthaiyah ◽  
Malick Ousmane Sy
Keyword(s):  
Young Adults ◽  
Pilot Study ◽  
Undergraduate Students ◽  
Financial Literacy ◽  
Online Questionnaire ◽  
Loan Default ◽  
Default Rates ◽  
P2p Lending ◽  
High Level ◽  
Shed Light

Background - Since 2016, the Securities Commission (SC) in Malaysia has given licenses to only eleven P2P lending platforms. Such lending platforms are expected to disrupt the lending services of traditional lenders in the coming years. However, being still in their infant stages, it is essential to know the extent to which such platforms are made known to potential investors out there. This study examines the extent to which young adults are aware of Malaysia's eleven P2P lending platforms.    Methods - A sample of 65 undergraduate students majoring in finance and accounting was used for this pilot study. An online questionnaire was designed with three main parts: demographic, financial literacy, and P2P lending awareness.   Results - Findings show that more than half of respondents in the sample are not aware of P2P lending platforms in Malaysia.  Most of the respondents are financially literate to certain degrees. Those aware of their presence underestimated the potentially high level of their default rates and misunderstood that investor would be fully protected by such platforms when a loan default.   Conclusions -The study's findings have shed light on the current awareness of P2P lending platforms among Malaysian young adults, potential investors of such platforms in the coming years.

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