Assessment of Financial Literacy of Public Schools Teachers: Generation X, Y and Z

Abstract

Financial literacy is an important social skill, especially among teachers who play an important role in shaping the educational environment. This study focuses on three specific generations of teachers, Generation X, Generation Y (Millennials), and Generation Z (iGen), and aims to assess their financial literacy levels. The primary goal is to identify differences in financial literacy by generation by examining conceptual knowledge, financial behavior, and financial attitudes and awareness. A descriptive - comparative research design was used to survey teachers in the Department of Education – School Division Office of Cotabato. The sample consisted of teachers from Generation X, Generation Y and Generation Z. Quota - convenience sampling was used to collect a sample of 150 respondents, with a default quota of 50 respondents from each generation. The study used statistical analysis using one-way ANOVA to identify differences in financial literacy levels across generations. The findings revealed that all three generations exhibit high levels of financial literacy across dimensions of conceptual knowledge, financial behavior, and financial attitudes and awareness. However, there were statistically significant differences between Generations Y and Generation Z in terms of financial attitudes and awareness, while no significant differences were found in Generation X and Y or Generation X and Z. In conclusion, teachers in the Department of Education – School Division Office of Cotabato independently showcase commendable financial literacy across generations.