Marco Antonio de Oliveira Vieira Goulart, Newton Carneiro Affonso da Costa Jr, Ana Luiza Paraboni and Mônica Maria Mendes Luna
The objective of the present study is to assess the financial literacy levels of students at a Brazilian university and investigate how these levels are affected by profile…
Abstract
Purpose
The objective of the present study is to assess the financial literacy levels of students at a Brazilian university and investigate how these levels are affected by profile characteristics and personality traits.
Design/methodology/approach
Data were collected using SurveyMonkey, and a link to the questionnaire was sent by e-mail. The questionnaire contains three blocks of questions: demographics, financial literacy and personality traits. Ordered logistic regression was applied to a sample of 1,312 students.
Findings
Younger participants, those with higher incomes and men were more likely to have a high level of financial literacy. The same was true of those who were less extrovert, i.e. assertive, sociable, optimistic and communicative students. These results contribute to the field by indicating which population segments should be prioritized in efforts to promote financial literacy.
Originality/value
To the best of our knowledge, no study has compared Financial Literacy and Personality Traits in Brazil, a developing country that is only beginning to develop national financial literacy strategies.
Details
Keywords
Ana Luiza Paraboni, Fabricio Michell Soares, Ani Caroline Grigion Potrich and Kelmara Mendes Vieira
Financial education has become an essential component of the economic balance for families, and much is being discussed about the methods, which raise the levels of financial…
Abstract
Purpose
Financial education has become an essential component of the economic balance for families, and much is being discussed about the methods, which raise the levels of financial education of the population. Thus, the overall objective of this study was to evaluate the effect of formal and business education on the level of financial education.
Design/methodology/approach
This research is characterized as a quasi-experimental study, with undergraduate students. As a data collection technique, a structured questionnaire was used.
Findings
The results confirm the importance of formal and business education, as well as gender, for the financial education of individuals. More specifically, being male and having contact with a greater number of financial disciplines increase the level of financial education of the individual.
Originality/value
This article demonstrated that the trajectory of the knowledge traversed by individuals within the same level of schooling is of paramount importance. The results show that formal and business education can improve the levels of financial education and reinforce the relevance of strategic actions in this area.