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The relationship between demographic factors and financial literacy among students at a South African university
Dissertation (MCom)--University of Pretoria, 2016.
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| Other Authors: | |
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2016
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| _version_ | 1867613721456541696 |
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| access_status_str | Open Access |
| author2 | Reyers, Michelle |
| author_browse | Reyers, Michelle |
| author_facet | Reyers, Michelle |
| collection | Thesis |
| dc_rights_str_mv | © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2016. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/53012 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:38.899Z |
| 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:2263/53012 The relationship between demographic factors and financial literacy among students at a South African university Reyers, Michelle bev.wingfield@gmail.com Wingfield, Beverly Jane UCTD Dissertation (MCom)--University of Pretoria, 2016. In recent times, financial literacy has become increasingly important. This is true for a number of reasons including the increased number and complexity of financial products available to the consumer. The problem however is that people around the world appear to have low levels of financial literacy. Furthermore, existing research finds a number of variables to be associated with financial literacy however the results are contradictory. Thus, the objective of this study was to assess financial literacy levels of South African university students and furthermore identify which variables are associated with financial literacy of university students. This study surveys 373 students from a single South African university. Results show that students have moderate basic financial literacy. While students are found to have low levels of sophisticated financial literacy, overall, students are considered moderately financially literate. Self[assessed financial literacy is also found to be a proxy for financial literacy. A univariate analysis reveals that a number of factors were found to significantly influence the overall financial literacy of students. In summary, the variables found to be significantly associated with basic financial literacy scores of students were gender, race, previous finance course, faculty of study, perceived socio[ economic status and money management. The variables significantly associated with sophisticated financial literacy score are gender, race, previous finance course, faculty of study, mother s education and father s occupation. Lastly, the variables significantly associated with total financial literacy score were gender, race, previous finance course, faculty of study, father s occupation and perceived socio[economic status. Logistic regression was used to analyse variables in a multivariate context. The purposeful method was used to select variables for the logistic regression. The variables race, faculty of study and previous participation in a finance course were found to be significant determinates in overall financial literacy of students in a multivariate model. This study contributes to the existing research that finds students to have overall moderate levels of financial literacy. Furthermore, this study adds to the existing research that finds a number of demographic variables to be associated with financial literacy in a multivariate context. Financial Management MCom Unrestricted 2016-06-09T13:08:18Z 2016-06-09T13:08:18Z 2016-04-08 2016 Dissertation Wingfield, BJ 2016, The relationship between demographic factors and financial literacy among students at a South African university, MCom Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/53012> A2016 http://hdl.handle.net/2263/53012 en © 2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD The relationship between demographic factors and financial literacy among students at a South African university |
| title | The relationship between demographic factors and financial literacy among students at a South African university |
| title_full | The relationship between demographic factors and financial literacy among students at a South African university |
| title_fullStr | The relationship between demographic factors and financial literacy among students at a South African university |
| title_full_unstemmed | The relationship between demographic factors and financial literacy among students at a South African university |
| title_short | The relationship between demographic factors and financial literacy among students at a South African university |
| title_sort | relationship between demographic factors and financial literacy among students at a south african university |
| topic | UCTD |
| url | http://hdl.handle.net/2263/53012 |