Financial Literacy of Graduate High School Students

Tsakiridou Helen,Seitanidis Ιlias

doi:10.12691/education-7-3-7

Tsakiridou Helen, Seitanidis Ιlias

Open Access

https://doi.org/10.12691/education-7-3-7

Copy DOI

Abstract

The purpose of this study is to investigate the level of financial literacy of high school students, especially graduate students of general high school. In a constantly evolving world people need to manage a variety of daily financial statements. The requirements deriving from the financial environment makes it necessary to have basic financial knowledge. The transmission of such knowledge through teaching financial lessons and performing respective educational programs, as part of basic and especially secondary education, aimed at financial literacy of students. The aim of the financial literacy is for the students to be able to address adequately the financial challenges while improving their standard of living at present and in the future.

Highlights

The term of financial literacy has a number of definitions from several researchers
The financial literacy involves skills and confidence for the effective application or use of knowledge related to personal financial concepts and products leading to personal financial behaviors, which in turn have an impact on the financial well-being of people [5]
Family income affects the level of financial literacy of sample students with the amount of income being inversely proportional to the financial knowledge

Summary

Introduction

Financial literacy is the knowledge and understanding of financial concepts, risks and skills, motivation and confidence of individuals to apply this knowledge and understanding to make effective decisions through a wide range of financial frameworks, with final aiming at broader participation of society in economic life and improve personal financial prosperity [1]. It is the combination of knowledge, skills, awareness, attitudes and behavior, which is necessary for proper financial decisions leading to the ultimate aim of achieving financial prosperity. Obtaining financial standing is indicated when the individual improves the level of financial literacy while simultaneously evolving financially on a personal level [6]

Objectives

Methods

Findings

Conclusion