Abstract
A sample of 966 young adults from the province of Quebec (Canada) participated in this study, which aimed to identify the determinants of knowledge about savings and investments and their relative importance. Our findings show that knowledge about savings and investments is rather low. Canadian-born males with high personal annual gross income and education are likely to have a higher level of knowledge in this area than their counterparts. Personal finance education, received outside of high school, attitude towards savings and having met with a personal finance professional, have a significant positive impact on this knowledge. The usefulness of financial education and the need to increase financial independence among young female adults are discussed.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
