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The Level of Financial Literacy among Third Level Students

Silva, Samuel Ferreira (2021) The Level of Financial Literacy among Third Level Students. Masters thesis, Dublin, National College of Ireland.

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Abstract

Given the current need to contextualize and expand the concept of financial literacy among the population, this study was conducted to determine the level of financial literacy among third level students in Ireland, as well as how they manage their finances to have a stable financial life. First of all, financial literacy can be defined as a dynamic process in which individuals gain financial information and develop skills that ensure the best management of available financial resources. Financial literacy includes financial attitudes, financial behaviour, and specific knowledge, which are acquired in different environments such as homes, schools, and universities.

To ensure the realization of this project, students enrolled at the National College of Ireland were surveyed, there were a total of 40 complete responses. The average score was 61.57%, which concluded that students have a medium level of financial literacy. Although the level of literacy was classified as a medium, the result also demonstrated that there is a lack of knowledge in certain areas, which makes it necessary to create and strengthen the available financial education methods. When comparing differences in the level of financial literacy between groups, the average scored for the male gender was higher level than the female gender. Followed, other races, unemployed, other schools and other incomes averaged higher when comparing white race, employed, business school, income 20,001 to 40,000 respectively.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Financial literacy; financial attitudes and behaviours; financial education; literacy rate
Subjects: H Social Sciences > HG Finance > Financial Management
D History General and Old World > DA Great Britain > Ireland
Divisions: School of Business > Master of Science in Finance
Depositing User: Clara Chan
Date Deposited: 28 Feb 2022 10:17
Last Modified: 28 Feb 2022 10:17
URI: http://norma.ncirl.ie/id/eprint/5494

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