Determination of Financial Literacy Level of University Students Taking Financial Literacy Course

Objective: The study aimed to determine the relationship between the financial literacy levels of university students taking financial literacy courses and parameters such as age, gender, income level, parental education level, financial knowledge, etc. Theoretical Framework: In the fourth title of sustainable development goals (SDGs), quality education, it is aimed for students to reach the necessary numerical and verbal skills in university education, to reduce gender inequality in education and to ensure sustainable development. In our study, it is important to deeply investigate the subject of financial literacy education, to identify the deficiencies and problems experienced by students and to offer solution suggestions. Method: As a result of the study, the data obtained from 362 university students who participated in the survey were subjected to analyzes such as frequency analysis, ANOVA and t-test using the SPSS program. In addition, a financial literacy score was created to determine the financial literacy levels of the participants. Results and Discussion: As a result of the study, a significant relationship was found between the participants' financial literacy knowledge level and age, gender, the student's department, credit card use, class participation, and parental education level, but no significant relationship was found between the participant's monthly income and internet banking usage level and financial literacy level. Research Implications: In this study conducted on university students studying in different departments, the rate of students taking financial literacy courses for the first time was determined as 79%. This high rate shows that the financial knowledge level of university students can be increased with financial literacy training and they can become more equipped individuals. According to the results of the study, university students' knowledge level and processing capacity on investment, interest and mathematical calculations are low. More importance can be given to these topics in future financial literacy trainings.

Authors

Publication Details

Journal
Journal of Lifestyle and SDGs Review
Published
2024-12-18
DOI
https://doi.org/10.47172/2965-730x.sdgsreview.v5.n02.pe04047
Primary Topic
Financial Literacy, Pension, Retirement Analysis
Type
article
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Determination of Financial Literacy Level of University Students Taking Financial Literacy Course

Bahattin Erden
1 links
Journal of Lifestyle and SDGs Review
Financial Literacy, Pension, Retirement Analysis
article

Determination of Financial Literacy Level of University Students Taking Financial Literacy Course

Bahattin Erden
article en

Abstract

Objective: The study aimed to determine the relationship between the financial literacy levels of university students taking financial literacy courses and parameters such as age, gender, income level, parental education level, financial knowledge, etc. Theoretical Framework: In the fourth title of sustainable development goals (SDGs), quality education, it is aimed for students to reach the necessary numerical and verbal skills in university education, to reduce gender inequality in education and to ensure sustainable development. In our study, it is important to deeply investigate the subject of financial literacy education, to identify the deficiencies and problems experienced by students and to offer solution suggestions. Method: As a result of the study, the data obtained from 362 university students who participated in the survey were subjected to analyzes such as frequency analysis, ANOVA and t-test using the SPSS program. In addition, a financial literacy score was created to determine the financial literacy levels of the participants. Results and Discussion: As a result of the study, a significant relationship was found between the participants' financial literacy knowledge level and age, gender, the student's department, credit card use, class participation, and parental education level, but no significant relationship was found between the participant's monthly income and internet banking usage level and financial literacy level. Research Implications: In this study conducted on university students studying in different departments, the rate of students taking financial literacy courses for the first time was determined as 79%. This high rate shows that the financial knowledge level of university students can be increased with financial literacy training and they can become more equipped individuals. According to the results of the study, university students' knowledge level and processing capacity on investment, interest and mathematical calculations are low. More importance can be given to these topics in future financial literacy trainings.

Journal of Lifestyle and SDGs ReviewVol. 5(2)
Quality Education
Openalex Percentile: Top 61%
Financial Literacy, Pension, Retirement Analysis
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