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The impact of socialisation factors on financial literacy amongst employees in the financial services industry
Mini Dissertation (MBA)--University of Pretoria, 2015.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2016
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| _version_ | 1867613458763087872 |
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| access_status_str | Open Access |
| author2 | Wilson-Prangley, Anthony |
| author_browse | Wilson-Prangley, Anthony |
| author_facet | Wilson-Prangley, Anthony |
| collection | Thesis |
| dc_rights_str_mv | © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. |
| description | Mini Dissertation (MBA)--University of Pretoria, 2015. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/52308 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:28.597Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/52308 The impact of socialisation factors on financial literacy amongst employees in the financial services industry Wilson-Prangley, Anthony ichelp@gibs.co.za Sallie, Nazley UCTD Mini Dissertation (MBA)--University of Pretoria, 2015. This study seeks to understand the financial socialising agents which play a role in the South African context, in addition to the role and influence of family financial socialising and financial socialising by agents such as friends, peers, formal financial education and multimedia. If there is a clear understanding of how financial socialisation takes place and what informs financial behaviours, government and business can focus their efforts to ensure that South Africans have an increased financial capability. This will improve financial literacy and lead to increased financial security which is a necessity for overall wellness. A hypothetical model (Figure 2) was created from concepts that emerged during the literature review. An online questionnaire was completed by 300 participants in the financial services sector, examining factors which influenced the financial literacy and financial security of individuals. Principal Component Analysis was used to identify the components while Chi-square tests and Spearman s Rho was used to analyse the data for associations. Different factors influence financial literacy and financial security. This study did not find parents to be a significant influencer of financial socialising. Peers, friends and work colleagues were also not found to be a significant influencer of financial literacy and had a negative influence on financial security. Certain components of multimedia such as reading books were found to influence an individual s level of financial literacy and education, including formal financial education influenced the level of financial security. Demographic factors such as race and income also influence financial literacy and security. Keywords Financial sn2016 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2016-05-04T13:45:28Z 2016-05-04T13:45:28Z 2016-03-30 2015 Mini Dissertation Sallie, N 2015, The impact of socialisation factors on financial literacy amongst employees in the financial services industry, MBA Mini-dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/52308> GIBS http://hdl.handle.net/2263/52308 en © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title | The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title_full | The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title_fullStr | The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title_full_unstemmed | The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title_short | The impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| title_sort | impact of socialisation factors on financial literacy amongst employees in the financial services industry |
| topic | UCTD |
| url | http://hdl.handle.net/2263/52308 |