Learning Financial Literacy in the Family

Abstract

This thesis examines the relationship between parental involvement and student level of financial literacy. Past studies have established that children's financial behavior and attitudes are shaped by their parents who pass on norms and social values to them. Using a convenience sample of 108 undergraduate students at a local state university, the present research tested whether children who had higher levels of financial literacy had parents who had taught them financial knowledge. The results of the test show that students' level of financial literacy is not significantly related to parental involvement.

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