2021 Student Research Conference:
34th Annual Student Research Conference

Financial Literacy Among College Students

Anne E. Hubble
Dr. Michael V. Barnes, Faculty Mentor

The purpose of this study is to analyze financial literacy among college students, with the goal to determine whether these students benefit from personal financial literacy courses in high school. Previous research suggests that financial literacy improves an individual's financial knowledge. Our goal is to see if current implementation of financial education in school programs is correlated with individual financial literacy. We measure financial literacy using the Financial Industry Regulatory Authority (FINRA) financial literacy quiz. After controlling for factors such as college major and grade level, we do not find a significant correlation between the quiz results and the experience of taking a personal financial literacy class in high school. These results may suggest that high school personal financial literacy courses, while well-intentioned, do not achieve their overall objective of improving personal financial literacy.

Keywords: Financial Literacy

Business Administration

Presentation Type: Face-to-Face Oral Presentation

Session: 101-5
Location: SUB GEO
Time: 9:30

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