scholarly journals YOUNG PEOPLE’S ATTITUDES AND FINANCIAL BEHAVIOUR. EVIDENCE FROM ROMANIA

2020 ◽  
Vol 10 (3) ◽  
pp. 36-46
Author(s):  
Alexandra Dinu ◽  
◽  
Marian-Mircea Stănescu ◽  
Andreea Barbu ◽  
◽  
...  
Keyword(s):  
Young People ◽  
Personal Income ◽  
Financial Knowledge ◽  
Major Influence ◽  
Business Partners ◽  
Financial Advisor ◽  
Financial Behaviour ◽  
People’S Attitudes ◽  
Type Of Management

Nowadays, it is well known that money, through the means of obtaining and saving, has a major influence on the good functioning of the economy in society and implicitly in the process of its development. This influence has an impact on every individual in our society, on our decisions, choices, plans and preferences. At the same time, however, each participant in the economy of a state, whether it be individuals, companies, corporations or business partners, competes in the evolution of the economy through the type of management of the finances it adopts. In this regard, the present research aims to establish what is the young peoples' behavior (aged between 18 and 40) in terms of how to save money as well as the peoples' inclination to call a financial advisor for making decisions regarding the management of personal income and expenses. Therefore, with the help of survey type research, based on a questionnaire, the results of the study reveal an increased interest of Romanian young people in terms of the tendency to save money. It also highlights the awareness of the importance of financial knowledge in the process of saving money, as well as the tendency of respondents to constantly update this information, with the help of financial experts.

Umma Application: Digital Da'wah and the Young Generation in the Era of Disruption

2020 ◽  
Vol 1 (2) ◽  
pp. 74-79
Author(s):  
Hopizal Hopizal ◽  
Fahrurrazi Fahrurrazi
Keyword(s):  
Young People ◽  
Qualitative Method ◽  
Great Influence ◽  
Virtual Space ◽  
Major Influence ◽  
Young Generation ◽  
Analysis Technique ◽  
Points Of View ◽  
People’S Attitudes ◽  
And Behavior

Da'wah is not only done through social media such as Facebook, Instagram, Twitter, and YouTube. However, preaching is done through free applications that are familiar today. This article tries to specifically examine the Umma Application as a medium for da'wah for young people who are developing significantly. The purpose of this article is to understand and dig deeper into the dakwah process carried out by young figures by uploading da'wah content from religious figures such as Ustad Abdul Somad, Ust Adi Hidayat, Aa Gym, and other figures in the umma application.  The method used by researchers in this article is a descriptive qualitative method with the Teun A Van Dijk model of discourse analysis technique, to analyze the religious content it conveys. The results of this study indicate that digital da'wah has a great influence on people's attitudes, perspectives, and behavior with an audio-visual da'wah model. Umma is a da'wah application that has a large enough user among young people creating a new virtual space to access knowledge. Da'wah through the umma application certainly has a major influence on the behavior, attitudes, and points of view of young people when watching videos and reading the uploaded images as a process of proselytizing in the umma application.

Living beyond one’s means: evidence from Malaysia

2015 ◽  
Vol 43 (1) ◽  
pp. 2-18 ◽  
Author(s):  
Yiing Jia Loke
Keyword(s):  
Low Income ◽  
Financial Literacy ◽  
Financial Distress ◽  
Financial Management ◽  
Practical Knowledge ◽  
Financial Education ◽  
Financial Knowledge ◽  
Content Type ◽  
Explanatory Variables ◽  
Financial Behaviour

Purpose – The purpose of the paper is to identify the determinants of the probability of living beyond one’s means. The paper also explores the coping mechanisms of those financially distressed as well as the debt taking behaviour of consumers. Design/methodology/approach – The study uses data obtained from the OECD International Network on Financial Education pilot study on Measuring Financial Literacy in 2010 for the case of Malaysia. A logistic regression model is used to identify the main determinants of the probability that a consumer will live beyond his/her means. The analysis is carried out by using a set of socio-economic factors and the individual’s financial behaviour and attitudinal characteristics as explanatory variables. Findings – The findings indicate that low income and seasonal income earners are more vulnerable to financial distress. Furthermore, having a higher education, higher financial knowledge and prudent financial behaviour and attitude do not necessarily translate into better financial management. Family and friends provide the main source of financial assistance in times of need. Research limitations/implications – The assessment of financial knowledge should go beyond individual’s knowledge on financial concepts and theories. Practical knowledge on financial and cash flow management should be assessed. Practical implications – The study reiterates the importance of financial education. It is imperative to include financial education as part of the schools’ curriculum and also to be incorporated as part of the Continuous Professional Development modules for working adults. Originality/value – The study is based on the first nationwide study of consumer finances in Malaysia. It contributes to the literature by integrating financial behaviour and attitudinal factors into the analysis of the ability of individuals to live within their means. The findings also show the limitations of the existing self-assessment of financial behaviour and attitude and the assessment of financial knowledge.

scholarly journals Some Insights Into Financial Literacy Among Undergraduate Students: A Case of Bosnia and Herzegovina

2021 ◽  
Vol 12 (3) ◽  
pp. 103
Author(s):  
Jasmina Okicic ◽  
Meldina Kokorovic Jukan ◽  
Mensur Heric
Keyword(s):  
Undergraduate Students ◽  
Financial Literacy ◽  
Sampling Technique ◽  
Financial Education ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
Financial Attitudes ◽  
Significant Difference ◽  
Financial Behaviour ◽  
The Relationship

The purpose of this research is to provide some insights into financial literacy among undergraduate students focusing primarily on the relationship between financial knowledge, financial attitudes and financial behavior and on possible gender and financial education gap in financial literacy. Using the purposive sampling technique, data collection was carried out from April to June 2020, yielding a sample of 1,046 valid responses. To gain a better understanding of the relationship between financial behaviour, financial attitudes and financial knowledge, we, primarily, use exploratory factor analysis and multiple regression model. The research findings have revealed several important issues. First, findings have suggested that financial knowledge, financial attitudes and gender may be considered as an antecedent of the financial behaviour of undergraduate students. Second, findings have also suggested a statistically - significant difference between the financial literacy of undergraduate students concerning their exposure to formal financial education.

scholarly journals The Role of Education and Knowledge about Aging in Creating Young People’s Attitudes to the Elderly

2018 ◽  
Vol 8 (1) ◽  
pp. 63-75 ◽  
Author(s):  
Jana Goriup ◽  
Danijela Lahe
Keyword(s):  
Young People ◽  
Older People ◽  
Negative Attitude ◽  
The Elderly ◽  
School Students ◽  
Negative Attitudes ◽  
Survey Results ◽  
People’S Attitudes ◽  
Intergenerational Cooperation

AbstractIntroduction: With the intensive growth in the number of older people and prolonged life span in the contemporary postmodern society, it has become increasingly important to build positive intergenerational cooperation and promote education on aging and older people, especially between younger and older generations. That is why the authors, on the basis of empirical research and scientific literature, examined knowledge about aging among young people and the connection between knowledge about aging and the formation of negative attitudes towards older people.Methods: The study involved 609 secondary school students aged 15 to 19 years.Results: The survey results showed that only one-fifth of the young population has good knowledge about aging. The relationship between knowledge about aging and ageism is negative, which means that young people with less knowledge about aging often have a negative attitude towards older people.Conclusions: Based on the obtained results, the authors underline the importance of integrating gerontology content in all stages of education.

scholarly journals THE RELATION BETWEEN FINANCIAL KNOWLEDGE AND ECONOMIC DECISIONS

2014 ◽  
Vol 59 (1) ◽  
pp. 59-67
Author(s):  
Sabina Kołodziej
Keyword(s):  
Young Adults ◽  
Young People ◽  
Banking System ◽  
Financial Education ◽  
Financial Knowledge ◽  
Economic Decisions ◽  
Current Economic Situation ◽  
Common Observation ◽  
Saving Decisions

Nowadays policymakers, government agencies and educators in Poland and in many European countries emphasize the role of individual possibilities to take independent decisions regarding one’s financial resources. Consequently, the increased interest in financial education programs is observed. Moreover, the complexity of financial products further demonstrates the need for a financial knowledge when making decisions in this sphere. However, simultaneously, the common observation of numerous examples of irrelevant decision-making, consequently leading to financial (e.g. abundant debt) or professional (e.g. loss of work) problems as well as results of studies on the level of financial knowledge show that in many cases our society, most probably, does not have the indispensable level of analyzed knowledge. The article presents results of 2 studies on the relation between financial knowledge and economic decisions made by Polish young adults. The study 1 focuses on the correlation between financial knowledge and saving decisions while the study 2 financial knowledge and respondents debts. In both studies the level of financial knowledge was measured by the test relating to the current economic situation of Poland, knowledge of basic economic and financial concepts and understanding of basic market mechanisms. Specially designed questionnaires analyzed respondents’ savings (study 1) and debts (study 2) decisions. The results of those studies show that examined a group of Polish young adults has an average level of financial knowledge. Moreover, the first study found positive correlation (on the level of statistical trend) between financial knowledge and savings decisions. The results of study 2 showed the higher financial knowledge among people who took credits or loans from bank in comparison with people who take credit and loans outside the banking system. Results obtained in the studies reinforce the idea of the important role of financial education in preparing young people to make their own economic decisions. Key words: debt, financial education, financial knowledge, saving, young people.

scholarly journals Young People’s Attitude Toward Positive Psychology Interventions: Thematic Analysis

10.2196/21145 ◽  
2020 ◽  
Vol 7 (4) ◽  
pp. e21145
Author(s):  
Toni Michel ◽  
Franziska Tachtler ◽  
Petr Slovak ◽  
Geraldine Fitzpatrick
Keyword(s):  
Mental Health ◽  
Young People ◽  
Positive Psychology ◽  
Thematic Analysis ◽  
Youth Mental Health ◽  
Personal Factors ◽  
Mental Health Crisis ◽  
Health Crisis ◽  
Positive Psychology Interventions ◽  
People’S Attitudes

Background Digital instantiations of positive psychology intervention (PPI) principles have been proposed to combat the current global youth mental health crisis; however, young people are largely not engaging with available resources. Objective The aim of this study is to explore young people’s attitudes toward various PPI principles to find ways of making digital instantiations of them more engaging. Methods We conducted an explorative workshop with 30 young people (aged 16-21 years). They rated and reviewed 29 common PPIs. Ratings and recorded discussions were analyzed using thematic analysis. Results Some interventions were conflicting with young people’s values or perceived as too difficult. Participants responded positively to interventions that fit them personally and allowed them to use their strengths. Conclusions Values, context, strengths, and other personal factors are entangled with young people’s attitudes toward digital instantiations of PPI principles.

scholarly journals The Impact of Employee Characteristics in the Relation of Financial Knowledge, Financial Management Behavior and Personal Income with Investment Decision of Employee

2020 ◽  
Vol 1 (2) ◽  
pp. 195
Author(s):  
Natasha Asmara ◽  
Andreas Lako ◽  
Eny Trimeiningrum
Keyword(s):  
Financial Management ◽  
Positive Impact ◽  
Investment Decision ◽  
Moderating Effect ◽  
Personal Income ◽  
Financial Knowledge ◽  
Management Behavior ◽  
Study Results ◽  
Employee Characteristics ◽  
The Impact

The resarch is to analyze the impact of financial knowledge, financial management behavior, and personal income on investment decision of the employees of PT. Industri Jamu dan Farmasi Sido Muncul Tbk. This study is also to analyze moderating effect of employee’ characteristics in relation to financial knowledge and financial management behavior and personal income to investment decision of the employees. Based on purposive sampling and questionnaire, the study results in financial knowledge, financial management behavior, and personal income have positive impact on investment decision of the employees. However, employee’ characteristics do not show moderating effect in relations to financial knowledge and management behavior and personal income to investment decision of the employees. The results inidicate that emloyees’ characteristics (risk taker or risk adverse) weaken the influence of financial knowledge, financial management behavior, and personal income to investment decision of the employees.

scholarly journals ANALISIS LITERASI KEUANGAN PEDAGANG DI PASAR OESAPA KOTA KUPANG NUSA TENGGARA TIMUR

2020 ◽  
Vol 10 (2) ◽  
pp. 182-194
Author(s):  
Voldiana Sine ◽  
Pius Bumi Kellen ◽  
Paulina Yuritha Amtiran
Keyword(s):  
Financial Institution ◽  
Moderate Level ◽  
Financial Knowledge ◽  
Primary Data ◽  
Survey Method ◽  
Financial Attitudes ◽  
Literacy Level ◽  
Financial Behaviour ◽  
Low Levels ◽  
Quantitative Descriptive

This research aims to analyze the literacy levels of Oesapa Market traders. This research is a quantitative descriptive by using survey method. There are four indicators that used in this research, that indicators are: 1) Financial Knowledge,2) Financial Behaviour, 3) Financial attitudes and 4) Banking Technology. The population in this study was all traders in Oesapa Market and the sample in the study were 90 respondents from the entire population. Primary data were obtained from respondents by using questionnaires and direct interview with each respondents. The result of this research shows that literacy level of Oesapa Market traders be in moderate level which is for financial knowledge, financial behaviour and financial attitude be in moderate level, while banking technology conception in low levels. But for totality literacy level is moderat, it means that Oesapa Market traders have a knowledge and belief to Financial institution but they are not skilful to use products/services of financial institution.

scholarly journals Сhild-parent relationship as a predictor of youth’s financial activity

2020 ◽  
Vol 22 (7) ◽  
pp. 33-51
Author(s):  
N. E. Zhdanova ◽  
I. V. Vorobeva ◽  
M. S. Krivoshchekova ◽  
S. I. Velkova
Keyword(s):  
Young People ◽  
Empirical Study ◽  
Family Relationship ◽  
Modern Science ◽  
Practical Significance ◽  
Financial Activity ◽  
Relationship Analysis ◽  
Financial Behaviour ◽  
Parent Child Relationships ◽  
Parent Child

Introduction. The study of financial behaviour and human activity in relation to the management of material resources seems relevant both from the point of view of identifying potential risks of deviant behaviour patterns in this area, and identifying training opportunities for effective management of their own financial resources. The studies of financial behaviour of young people in conjunction with parent-child relationships are poorly presented in modern science and are conducted mainly abroad. Due to the lack of data, the value of the Russian research is great due to the high demand for scientific ideas about such relationship.The aim of the present research is to identify the interdependence between child-parent relationships and the financial activity of young people through the correlation of their models of financial behaviour, as well as the search for determinants of the activity of boys and girls in the system of parenting.Methodology and research methods. An empirical study was conducted on two related samples – youth representatives (young teenagers aged from 14 to 16 years old) and their parents. The total number of study participants was 144 people, of which 87 parents (57 women and 30 men) and 57 youth representatives (29 girls and 28 boys). For data collection, the authors compiled a questionnaire. This questionnaire contains two blocks: an assessment of the financial activity of the family and an assessment of the financial activity of youth. Also, the authors employed the methodology “Family Relationship Analysis” (by E. G Eidemiller, V. V. Yustitskis) and the questionnaire “Parent Behaviour and the Attitude of Children toward It” (by E. Schafer). Processing of the obtained data was carried out in the statistical package IBM SPSS Statistic 19.0. For mathematical and statistical analysis, the methods of descriptive statistics, cluster analysis, correlation analysis and regression analysis were used.Results and scientific novelty. As a result of an empirical study, two statistically significant regression models were constructed. According to the obtained models, some features of parent-child relationships really stimulate the financial activity and independence of youth. The groups of financially active and passive boys and girls are identified. It is established that these groups differ only in relation to their own assessments of parental impact by the mother.Practical significance of the work lies in the possibility of using the obtained data to form a scientific understanding of the genesis and mechanisms of formation of a person’s financial activity, as well as in identifying target groups and developing effective methods for teaching financial literacy of the population.

scholarly journals Financial Literacy of Students – The Case Study of UITM in Rzeszów, Poland

e-Finanse ◽  
2020 ◽  
Vol 16 (3) ◽  
pp. 106-118
Author(s):  
Karolina Palimąka
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Young People ◽  
Literature Review ◽  
Financial Literacy ◽  
Financial Knowledge ◽  
Decision Making Process ◽  
Degree Programs

Abstract The article focuses on the phenomenon of financial literacy of students. Financial literacy is treated as a combination of financial knowledge and the decision-making process where one has to make a choice based on experience and theory. The aim of this paper is to draw attention to the essence of financial literacy, including knowledge of banking (especially of young people). For this purpose, a literature review was used. Own research complements the topic as a case study, where the author verifies whether students assess their knowledge in a way that corresponds to reality and verifies whether students need to expand their financial knowledge sorely necessary nowadays. The survey was completed by 380 students from University of Information Technology and Management in Rzeszów, of both economic and non-economic field of studies. There are some unexpected results, for example the most important is that students from a financial field of studies end up with worse results than their peers from the non-financial degree programs.

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