Digital Addiction and Financial Literacy: A Study on University Students

Abstract

Addiction, basically two groups are examined. The first is piracy of individuals, and the second is psychological theft. Examination as the use bodies of substances related to external factors constantly get used to these substances, depending on external factors, and undesirable results may occur when these components cannot be taken into the body. Traditional habitual hacking, which is described as digital addiction, brings with it an interest in technological devices and a lack of access to them. Digital components guide the spirits that feed the conflict in case the higher units cannot access the relevant devices, and tolerance for guests and other children is observed. Financial literacy, which is the other variable of the research, defines the limits of being able to make effective decisions about the management of money. This concept, which can also be defined as the act of saving information, does not include intelligent action in details such as investment, budget, debt, portfolio diversification. Financial literacy can also be interpreted as making behavioral decisions such as making financial plans, saving and spending results. Financially literate people are well versed in money management and are well acquainted with the economic processes of saving. This concept, which is considered important of financial resources in crisis environments, is evaluated as individuals' correct interpretation of their financial resources and acting in this context. The increase in the concept of financial literacy has revealed economic fluctuations. As a matter of fact, it is seen that countries and societies with high financial information have high savings. These countries are generally the ones that have learned lessons from the financial crises.
 The aim of the research is to determine whether digital addiction has an effect on financial literacy. In this context, university students were selected as a sample in the study, and a face-to-face survey was applied to 372 university students. Digital addiction scale and financial literacy scale were used as data collection tools in the research. Both of the research scales are in five-point Likert type. The research data were analyzed by the SPSS 26 program, correlation and regression analyzes were carried out between the two related variables that constitute the subject of the study. When the results of the analysis were examined, it was determined that digital addiction did not have a significant relationship on financial literacy. At the same time, within the scope of testing the research hypothesis, it was determined that digital addiction did not have any significant effect on financial literacy.