A research investigation of the knowledge and behavior of high school students in the domain of financial literacy and personal finance
University of edinburgh MA Social Policy and Economics, United Kingdom
Research Article
World Journal of Advanced Research and Reviews, 2024, 23(03), 3143–3153
Publication history:
Received on 25 June 2024; revised on 16 September 2024; accepted on 19 September 2024
Abstract:
The research study examines the financial literacy levels and behaviors of high school students, focusing on their preparedness for the financial challenges of adulthood. Financial literacy, encompassing skills like budgeting, saving, and investment decision-making, is essential for personal and societal economic stability. Using a mixed-methods approach, this study assesses students' knowledge, decision-making patterns, and the factors influencing their financial behavior, such as socio-economic and educational backgrounds. It also evaluates the effectiveness of existing high school financial education programs. Findings highlight gaps in students' financial competencies, with significant disparities across demographics, and provide evidence-based recommendations to enhance financial curricula. This research underscores the critical role of financial literacy in reducing economic inequalities and enabling young individuals to make informed decisions, fostering their long-term financial well-being and societal contributions.
Keywords:
Financial Literacy; Personal Finance; Budgeting; Saving; Investment; Socio-Economic Factors; Decision-Making; Economic Stability
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0