<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The financial crisis has drawn attention to the importance of the population’s financial literacy. I am investigating assessment methodologies to evaluate financial literacy both from the point of view of macroeconomics and microeconomics in my study. I am of the opinion that the elaboration of the financial competency model based on international database is the solution that can lead to the determination of conditions of financial awareness by collectively investigating financial education, core competencies, and the psychological role of money. I surveyed the financial knowledgeability of Hungarian high school students with the help of field research after assessing the OECD and PISA findings. I received very different results of knowledge, behaviour, and attitudes by school type, gender, age-group, and family background, which might support the assessment of financial literacy indicators, the evaluation of results, and international comparisons.</p></abstract>

The financial crisis has drawn attention to the importance of the population’s financial literacy. I am investigating assessment methodologies to evaluate financial literacy both from the point of view of macroeconomics and microeconomics in my study. I am of the opinion that the elaboration of the financial competency model based on international database is the solution that can lead to the determination of conditions of financial awareness by collectively investigating financial education, core competencies, and the psychological role of money. I surveyed the financial knowledgeability of Hungarian high school students with the help of field research after assessing the OECD and PISA findings. I received very different results of knowledge, behaviour, and attitudes by school type, gender, age-group, and family background, which might support the assessment of financial literacy indicators, the evaluation of results, and international comparisons.

Components of Financial Literacy of Young People

Acta Universitatis Sapientiae, Economics and Business

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Components of Financial Literacy of Young People"}

The financial crisis has drawn attention to the importance of the population’s financial literacy. I am investigating assessment methodologies to evaluate...

Components of Financial Literacy of Young People

Publié en ligne: 04 mars 2019

Pages: 5 - 19

DOI: https://doi.org/10.1515/auseb-2018-0001

Mots clés
young generation, financial competency model

© 2018 Andrea Hornyák, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Components of Financial Literacy of Young People

Publié en ligne: 04 mars 2019

Pages: 5 - 19

DOI: https://doi.org/10.1515/auseb-2018-0001

Mots clésyoung generation, financial competency model

© 2018 Andrea Hornyák, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Mots clés
young generation, financial competency model