The antecedents of financial literacy: empirical analysis of undergraduate students at UnB
DOI:
https://doi.org/10.18675/1981-8106.v35.n.69.s17623Keywords:
Financial Literacy. Background. Formal, Non-Formal and Informal Learning. Undergraduate student. University of Brasilia.Abstract
The objective of this work is to analyze the antecedents of financial literacy in undergraduate students at the University of Brasilia. To achieve this purpose, the empirical-analytical method was used. The questionnaire, in addition to measuring the level of financial literacy, evaluated the profiles and backgrounds of the respondents, as well as the students' formal, non-formal and experiential learning. The results revealed that men, students of engineering and applied social sciences, with a family income above 10 minimum wages, married and whose parents had at least higher education, had a higher literacy level than the others. Furthermore, students who took accounting and finance classes in high school or college, as well as those who prefer the internet and financial planners as a source of knowledge, showed higher levels of literacy. Students with a greater preference for traditional media had lower levels of literacy than the others. In the segmentation by students' proficiency level: 29% of the sample presented an advanced level; 18.50% intermediate level; and 52.50% basic level of financial knowledge. One of the implications of this evidence is the indication that higher education institutions could expand the offer of financial education and personal finance courses, aiming to make young people better prepared to make financial decisions throughout their lives.
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