The effects of economic rationality, currency perception, and money attitudes of working youth on financial management competencies

Abstract

The prominence of past financial activities in the future planning of economic units is quite high. Numerous environmental factors play a role in the financial management skills of households, which are the economy's building blocks. Individuals acquire economic competencies by experiencing, understanding, and observing these environmental factors. Particularly, individuals within the age range of 8-17 assume importance in acquiring these competencies. In the study to determine the impact of economic rationality, currency perception, and money attitudes of 132 young participants within the age group of 8-17 working in Fatih Industry, Büyük Industry, Bağkur Industry, Akçaabat Industry, Arsin Organized Industry, and Yomra Furniture Industry sites in Trabzon, on financial management competencies. As a result of the analysis, it was observed that the economic rationality, currency perception, and money attitudes of employed young individuals impact their financial management competencies.