文章基本信息

标题：FINANCIAL LITERACY AMONGST AFRICAN GENERATION Y STUDENTS: AN EMPIRICAL ANALYSIS OF SELECTED DEMOGRAPIC FACTORS
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作者：Marko van Deventer ; Natasha de Klerk
期刊名称：International Journal of Economics and Finance Studies
电子版ISSN：1309-8055
出版年度：2017
卷号：9
期号：1
页码：235-251
出版社：Social Sciences Research Society
摘要：The entire spectrum of society, including Generation Y, face the challenge ofmanaging their personal finances in uncertain economic, financial and politicaltimes. This challenge highlights the importance of being equipped with thenecessary financial literacy to make informed financial decisions. Financialilliteracy is a global phenomenon that has become a topical issue. As a result,there has been a steady increase in the body of knowledge that pertains to theimportance and benefits of financial literacy and the consequences of financialilliteracy. This study investigates differences in the significantly sized blackGeneration Y (hereafter referred to as African Generation Y) student cohort’sfinancial literacy in terms of selected demographic factors, namely gender, yearand field of study respectively, within the South African context. Following adescriptive research design and a quantitative research approach, data werecollected from a convenience sample of 385 African students registered at twoGauteng based public South African university campuses. Multiple-choicequestions, relating to general financial knowledge, saving, spending and debt,were used to test the students’ financial literacy. Data analysis includeddescriptive statistics, an independent-samples t-test and one-way analysis ofvariance (ANOVA). The findings suggest that African Generation Y students maybe categorised as having a relatively low level of financial literacy and that thesample’s financial literacy did not differ much in terms of gender. The findings ofthis study is likely to inform policymakers, educators, universities and financialinstitutions on the most effective strategies to employ for implementation withregards to differing financial literacy levels..
关键词：African Generation Y students; financial literacy; gender;differences; field and year of study differences; South Africa