scholarly journals Components of Financial Literacy of Young People

2018 ◽  
Vol 6 (1) ◽  
pp. 5-19
Author(s):  
Andrea Hornyák

AbstractThe financial crisis has drawn attention to the importance of the population’s financial literacy. I am investigating assessment methodologies to evaluate financial literacy both from the point of view of macroeconomics and microeconomics in my study. I am of the opinion that the elaboration of the financial competency model based on international database is the solution that can lead to the determination of conditions of financial awareness by collectively investigating financial education, core competencies, and the psychological role of money. I surveyed the financial knowledgeability of Hungarian high school students with the help of field research after assessing the OECD and PISA findings. I received very different results of knowledge, behaviour, and attitudes by school type, gender, age-group, and family background, which might support the assessment of financial literacy indicators, the evaluation of results, and international comparisons.

2020 ◽  
pp. 001312452092058
Author(s):  
Thomas A. Lucey ◽  
Elizabeth S. White ◽  
Aline André

A comprehensive approach to financial literacy education necessitates an understanding of the degree to which curriculum is relevant for students from various cultural backgrounds. The purpose of this study was to examine the cultural relevancy of MoneySKILL®, an online financial literacy program designed for high school students. A convenience sample of teachers enrolled in a graduate course on student diversity completed 12 MoneySKILL modules and participated in online group discussions. Using a consensual qualitative research (CQR) method, the authors identified themes related to cultural relevancy in participants’ discussions. The results indicated that participants questioned the relevance of module content to marginalized social groups, noting exclusions based on social class, language, and family structure. They also reported a lack of consideration for geographical differences that affect financial practices, stereotypes in module examples, and assumptions in module content regarding America as a meritocracy. These findings indicate the need for more representative curricular materials and greater consideration of the social processes and sociopolitical contexts affecting financial practices. Findings also demonstrate the value of including teachers in the development of financial education curricular materials, as teachers have insights regarding pedagogy and relevancy to current and former students to make informed recommendations about possible curricular modifications.


Author(s):  
Raquel González Castro ◽  
Joaquín Enríquez-Diaz ◽  
Begoña Alvarez García

Financial decisions are present in everyone's daily life. However, citizens do not always have sufficient knowledge to understand the consequences of their decisions and the risks taken. The lack of financial literacy can contribute, along with other factors, to making wrong financial decisions. This is why financial education becomes a key element to achieve a more sustainable and egalitarian future. This research presents a practical experience intended to foster financial education among high school students. The experience consisted in providing training workshops about financial topics, specifically adapted to the students' needs. The students' level of financial knowledge was evaluated and also their level of satisfaction with the experience. Results showed a high level of satisfaction and a significant improvement in their level of knowledge. The research also helped to identify the students' socio-demographic characteristics that explain the differences in their level of financial culture and their capacity for improvement.


2020 ◽  
Vol 31 (2) ◽  
pp. 251-266
Author(s):  
Radha Bhattacharya ◽  
Andrew Gill

We surveyed high school students in Southern California to investigate whether there is an improvement in financial attitudes from eight class periods of financial literacy intervention in a high school economics course. We examine whether the money management (MM) and financial investing (FI) components of financial instruction influence attitudes differently and whether they each influence attitudes beyond a standard economics course. We find that the MM treatment influences being thrifty and delaying gratification. Both treatments increase risk-taking behavior, with neither treatment being more important than the other. Within the confines of our experiment, exposure to economics per se did not influence any of the financial attitudes, pointing to the need for financial education to inculcate healthy financial attitudes in high school children.


2018 ◽  
Vol 17 (3) ◽  
pp. 168-187
Author(s):  
J.D Jayaraman ◽  
Saigeetha Jambunathan

Financial literacy is an important but oft ignored skill that is vital for young people. This study measured financial literacy levels among high school students ( N = 608) in India and found low levels of performance on standard measures of financial literacy. The percentage correct score on the basic financial literacy questions was 45% and on the sophisticated financial literacy questions the score was 44%. Financial literacy levels in India were found to be lower than those in developed countries. Gender differences were found, with females outperforming males, contrary to findings in developed countries. Students who pursued the commerce/economics stream of education were found to have higher levels of financial literacy than students pursuing the science stream. Results showed that students, despite having high levels of numeracy, were unable to transfer that knowledge to do financial computations. Parental involvement was also found to have a significant influence on financial literacy. Interviews with students highlighted the fact that understanding of societal and macroeconomic impacts of financial literacy was low. These findings lend support for high school financial education which involves parents and stresses practical hands-on application, societal and macroeconomic impact, as a means of improving financial literacy.


2018 ◽  
Vol 3 (5) ◽  
pp. 39
Author(s):  
Yéssica Elizabeth Barreto Macías ◽  
Colón Avellán Velásquez

El actual trabajo afronta una de las problemáticas más apremiantes de los actuales momentos como es el alto índice de dispendio de drogas en las Instituciones Educativas, que afectan considerablemente a la sociedad ecuatoriana. Su objetivo es analizar los lineamientos que permitan mejorar la orientación familiar, y desarrollar relaciones interpersonales apropiadas que fomenten la unión familiar, practicar principios, fomentar valores morales, y que los jóvenes aprendan a decir “no” ante una eventual propuesta de consumir compuestos prohibidos, que lo único que se consigue es materializarse en un estado no idóneo ante la comunidad, considerar que las consecuencias para la salud son devastadoras, personas que a temprana edad padecen de enfermedades que en muchas ocasiones son gravísimas, causando malestar no solamente propio sino a la familia. Puedo mencionar como aporte de este artículo; y en base a resultados establecidos que resulta primordial e importante mantener la asistencia de un profesional especializado en psicología, diálogos científicos y motivadores, conjuntamente con atención médica provocarán en la persona afectada la erradicación del consumo de drogas. Constan muchos factores que causan gran influencia negativa en las familias, partiendo de que actualmente el mundo vive la tendencia del consumismo lo que influye en sobremanera que exista menos dialogo en el hogar, la aparición de la tecnología es otra de las situaciones adversas. Los profesionales encargados de brindar orientación familiar deben considerar siempre, que el comportamiento del ser humano debe ser comprendido desde el punto de vista de su forma de pensar, solo así se desarrollara una cultura que permita a las familias tomar las decisiones acertadas al momento de formar a sus hijos, lo que en un futuro se evidenciará como seres útiles a la sociedad. PALABRAS CLAVE: Consumo de drogas; orientación familiar; valores morales.  FAMILY COUNSELING, FOR THE PREVENTION OF DRUG USE IN THIRDYEAR HIGH SCHOOL STUDENTS  ABSTRACT  The current work addresses one of the most pressing issues of current times such as the high rate of drug use in educational institutions, which greatly affect Ecuadorian society. Its objective is to analyze the guidelines for improving family orientation, and develop appropriate interpersonal relationships that promote family unity, value the principles, and that young people learn to say "no" to a possible proposal to use prohibited drugs, that the only thing that is achieved is to materialize in an unsuitable state before the community, to consider that the consequences for health are devastating, people who at an early age suffer from diseases that in many occasions are very serious, causing discomfort not only their own but also the family. I can mention as contribution of this article; and based on established results that it is essential and important to maintain the assistance of a professional specialized in psychology, scientific and motivational dialogues, together with medical care, will cause the affected person to eradicate drug use. There are many factors that cause great negative influence on families, based on the fact that the world currently lives the trend of consumerism which greatly influences that there is less dialogue at home, the emergence of technology is another of the adverse situations. The professionals responsible for providing family counseling should always consider that the behavior of the human being should be understood from the point of view of their way of thinking, only in this way will a culture be developed that allows families to make the right decisions when forming to their children, which in the future will be evident as useful beings to society. KEYWORDS: drug use; family orientation; moral values.


2020 ◽  
Author(s):  
Hongbin Wu ◽  
Leisi Pei ◽  
Shan Li ◽  
Cheng Jiang

Abstract Background: Academically talented high school students (ATHSSs), an exceptional cohort, are not well studied for their career expectations, especially for those with medical career expectation (MCE). Nowadays, the public perception of the medical profession is changing in China. The purpose of this study was to answer questions about ‘is medicine attractive for ATHSSs and ‘what factors affect medical career expectations (MCE) for ATHSSs’ in China. Methods: A total of 16,479 representative ATHSSs in senior three completed a questionnaire and four different academic tests. Frequency statistics showed the proportion of ATHSSs with MCE. Unpaired t-tests were performed to find out the differences in demographics, family background, and academic performance between students with and without MCE. The logit models analysis were applied to explore the potential factors that affected the MCE of this exceptional group of students. Results: ATHSSs with MCE accounted for 20.6% (ranking 7/18) of the respondents. They were more likely to be female, came from relatively poorer families, lived in a rural area, and performed significantly worse in all academic tests except for mathematics, compared with those without MCE. In addition, the results revealed that gender (β=-0.436, p<0.01), region of hometown (β=-103, p<0.1), mother’s years of schooling (β=-0.019, p<0.05), and father’s occupational status (β=-0.005, p<0.01) contributed significantly to the MCE of academically talented students. Better performance in mathematics affected the MCE of ATHSSs taking the liberal arts and science tests differently. Conclusions: We found the medical career is becoming unattractive to academically talented students and the medical career may be loosing their aura in China. Students who have medical career expectations are likely to be females and to have a weak family background. We discuss implications for medical education.


2016 ◽  
Vol 51 (1) ◽  
pp. 8
Author(s):  
Oleksandr Yu. Burov ◽  
Mykola A. Shynenko

The article describes the principles of ICT design and technology for research in high school, including two subsystems - assessment of intellectual abilities and the selection of students for the intellectual professions, as well as the modeling of cognitive and perceptual activity in the conditions of influence of various factors (internal and external). The description of the psychological tests used in the proposed ICT has been given. It is described an example of student research projects in the field of natural and mathematical sciences on the basis of experimental studies using the developed ICT: identifying the effect of solar activity and geomagnetic field on a physiological state and cognitive performance, communication chronotype and success of high school students learning, appearance of bifurcation in the performance of cognitive tasks rate. These results demonstrated the students' ability to perform using this ICT not only the research training projects, but also the field research to yield new knowledge in mathematics, physics, psychology, medicine and physiology.


Author(s):  
Astrid Karina Rivero Pérez

ABSTRACTThis paper studies the construction of the notion of "good life" of young students of a high school as a result of the exchange of material and symbolic resources to members of their personal networks. In this research, the actors and their actions are treated as interdependent, so the relational ties between actors influence how young people construct their notion of good life and plan their future. The proposed study is based on the concept of personal networks in which the network is considered from the point of view of the subject, in this of young high school students who lived in a marginal urban area of Merida, Yucatan, Mexico. Since the study subjects are young with few opportunities and situations of social inequality we must know in which social structures they interact.RESUMENEl presente artículo estudia la construcción de la noción de “vida buena” de jóvenes estudiantes de un bachillerato universitario como resultado del intercambio de recursos materiales y simbólicos con los miembros de sus redes personales. En esta investigación, los actores y sus acciones son tratados como interdependientes, por lo cual los lazos relacionales entre los actores influyen en como los jóvenes construyen su noción de vida buena y planean su futuro. El estudio está planteado a partir del concepto de redes personales en el cual se plantea la red desde el punto de vista del individuo, en este caso los jóvenes estudiantes de bachillerato quienes son habitantes de una zona urbana marginal de Mérida, Yucatán, México. Dado que los sujetos de estudio son jóvenes con pocas oportunidades y en situaciones de desigualdad social hay que conocer qué les otorgan o limitan los procesos y estructuras sociales en las que interactúan. Contacto principal: [email protected]


2021 ◽  
Vol 1 (2) ◽  
pp. 30-39
Author(s):  
Kery Utami ◽  
Masripah Masripah

It is undeniable that banking transactions are already inherent in everyday life. Therefore, banking literacy needs to be owned by each individual. People who are well literate easier to understand matters related to banking and have information to access the necessary banking services. To support efforts to improve financial literacy, one of which is in the banking sector, socialization in the form of community service needs to be done. Community service is intended for young junior high school students (SMP-IT ARAFAH, Depok) with the theme "Bank Facilitates Our Transactions. The main purpose of this community service focuses on improving the insight of banking literacy among junior high schools. This service program is carried out in 1 (one) day with structured training methods, namely lecture methods, information discussions and lastly conducted previews, evaluations and question and answer questions as a reference to assess how much participants understand the material that has been submitted. Basically the banking literacy of SMP-IT ARAFAH students is quite good and after the implementation of community service there was an increase in the average level of understanding of students which was originally 71.22% to 86.97%. This shows that efforts to improve banking literacy through the implementation of community service have produced positive results. Similar activities need to be developed further in order to instill banking literacy early on. Thus will create a well literate and financially inclusive society that will ultimately support economic development. Abstrak Tidak bisa dipungkiri bahwa transaksi perbankan sudah melekat dalam kehidupan sehari-hari. Oleh karena itu, literasi perbankan perlu dimiliki oleh setiap individu. Masyarakat yang well literate lebih mudah memahami hal-hal yang terkait dengan perbankan serta memiliki informasi untuk mengakses layanan jasa perbankan yang diperlukan. Untuk mendukung upaya peningkatan literasi keuangan salah satunya pada sektor perbankan, maka sosialisasai dalam bentuk pengabdian masyarakat perlu dilakukan. Pengabdian masyarakat ditujukan bagi kalangan muda siswi Sekolah Menengah Pertama (SMP-IT ARAFAH, Depok) dengan tema “Bank Mempermudah Transaksi Kita. Tujuan utama pengabdian masyarakat ini berfokus pada peningkatan wawasan literasi perbankan di kalangan Sekolah Menegah Pertama (SMP). Program pengabdian ini dilaksanakan dalam 1 (satu) hari dengan metode pelatihan terstruktur yakni metode ceramah, diskusi informasi dan terakhir dilakukan preview, evaluasi dan tanya jawab sebagai acuan untuk menilai seberapa besar pemahaman peserta terkait materi yang telah disampaikan. Pada dasarnya literasi perbankan Siswi SMP-IT ARAFAH sudah cukup baik dan setelah dilaksanakannya pengabdian masyarakat terjadi kenaikan pada Rata-rata tingkat pemahaman Siswi yang semula 71,22% menjadi 86,97%. Hal ini menunjukkan bahwa upaya peningkatan literasi perbankan melalui pelaksanaan pengabdian masyarakat membuahkan hasil yang positif. Kegiatan serupa perlu dikembangkan lebih lanjut guna menanamkan literasi perbankan sejak dini. Dengan demikian akan tercipta masyarakat yang well literate dan financially inclusive yang pada akhirnya akan mendukung pembangunan ekonomi. Kata Kunci: literasi keuangan; literasi perbankan; sekolah menengah pertama


Author(s):  
Adriana Berenice Valencia Álvarez ◽  
Jaime Ricardo Valenzuela González

Financial literacy is a combination of financial knowledge, attitudes and behaviors, key for making informed decisions and for solving financial problems. This descriptive study explored the applied, conceptual and procedural financial knowledge of 243 Mexican students via three financial knowledge tests. In addition, these students were surveyed about their financial behavior, their attitudes towards money, and their experience with money using a self-report questionnaire. The study aims to identify financial-education needs and gaps between school levels and systems. Therefore, the analysis focuses on the differences and similarities between two subgroups: (1) students in public and in private education, and between (2) middle school (ages 12 to 15) and high school students (ages 15 to 18). Middle school and high school students differed significantly only in their conceptual knowledge and in their financial experience, while public and private students showed statistical significant differences on their financial knowledge, behavior, attitudes and experience.


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