The relationship between demographic factors and financial literacy

Ndou, Adam

doi:10.20525/ijrbs.v12i1.2298

Cited by 5 publications

(4 citation statements)

References 38 publications

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“…Existing research shows that more nurturing and permissive parental styles, in contrast to authoritarian parental styles, are more likely to yield to children's purchase requests. Therefore, in these cases, children tend to have more influence in their parents' purchases for the entire family (Ndou 2023;Sarwar 2016).…”

Section: Discussionmentioning

confidence: 99%

Communication about Purchase Desires between Children and Their Parents in Croatia

Varga,

Plenković,

Merkaš

2024

Social Sciences

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The main aim of this study is to describe the communication between children and parents about children’s desired purchases of items in Croatia. Online focus groups were conducted with children ages 11 to 15, and their parents, using a pre-prepared list of questions. The constant comparative method was applied, and the data were coded thematically, meaning data were organized into groups or codes on the basis of repeating keywords in the transcripts. The analysis shows children mostly ask their parents for clothing items and food. The findings indicate children and parents resolve the purchase decisions based on a few communication themes. Children employ persuasion, bargaining, and negotiation communication to acquire their desired items. As a response, parents employ bargaining and negotiation communication, budgeting and financial communication, usefulness and need communication, and postponed purchase communication. This research contributes to a better understanding of child and parent communication related to child purchase wishes and parent–child communication.

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Section: Discussionmentioning

confidence: 99%

Communication about Purchase Desires between Children and Their Parents in Croatia

Varga,

Plenković,

Merkaš

2024

Social Sciences

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“…Lusardi et al (2010) argued that financial literacy is crucial for individuals to make informed choices regarding savings and investments, as it is a fundamental economic principle. In a similar vein, Jariwala (2015) defines financial literacy as the capacity to recognize critical financial products and to understand basic financial concepts, principles, and skills (Chaulagain, 2017;Dahal, 2022;Garg & Singh, 2017;Laxmi & Maheshwary, 2018;Ndou, 2023;Oli, 2018;Sitorus & Sadjiarto, 2022). Increased financial literacy and capacity encourage better decision-making (Dahal, 2021).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Financial Literacy on Individual Savings: A Study of University Staff

Khadka,

Khadka

2024

Nep. Mgt. Rev.

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The intricate relationship between financial literacy and individual savings behavior has garnered considerable attention in personal finance. The study’s objective was to explore the effect of financial literacy, risk tolerance, education level, and work experience on the personal savings of university staff and their degree of relationship. Through a comprehensive survey (N=210), the collected data was subjected to correlational analysis, revealing significant positive correlations between financial literacy and personal savings (r = 0.623, p < 0.01). Further, a regression analysis was conducted, highlighting the predictive role of financial literacy (β = 0.585, p < 0.001), education level (β = 0.126, p < 0.05), and work experience (β = 0.124, p < 0.01) in determining personal savings behavior. These findings underscore the pivotal role of financial literacy in shaping prudent financial decisions and emphasize the potential for tailored educational interventions for enhanced financial well-being.

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“…There are scanty studies conducted in this area. Ndou, (2023) investigated the moderating effect of parental socioeconomic status on the relationship between parental financial teaching and financial literacy. After a comprehensive review of literature, it appears that there is no study that has investigated the moderating effect of parental income on the relationship between parental financial communication and financial literacy.…”

Section: Introductionmentioning

confidence: 99%

Exploring the moderating role of parental income on the link between parental financial communication and financial literacy of young adults

Ndou

2023

IJRBS

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The moderating effect of parental income on parental financial communication and financial literacy is increasingly becoming important. The objective of this study was to determine whether the relationship between parental financial communication of young adults and their financial literacy is moderated by parental income. Financial literacy was measured through financial knowledge, financial behaviour, financial attitudes, and financial decision-making. Quantitative research approach was adopted for this study. Self-administered questionnaire was used to collect data among young adults in South Africa. Moderated regression analysis was used to analyse data. Four hypotheses were tested. The results showed that parental income moderated the relationship between parental financial communication with financial knowledge, financial behaviour, financial attitude, and financial decision-making. Therefore, the overall results indicated that the relationship between parental financial communication and financial literacy is moderated by parental income. This study is amongst the first to investigate whether the relationship between parental financial communication and financial literacy is moderated by parental income. This study concluded by providing recommendations and suggestions for future research.

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The relationship between demographic factors and financial literacy

Cited by 5 publications

References 38 publications

Communication about Purchase Desires between Children and Their Parents in Croatia

Communication about Purchase Desires between Children and Their Parents in Croatia

The Influence of Financial Literacy on Individual Savings: A Study of University Staff

Exploring the moderating role of parental income on the link between parental financial communication and financial literacy of young adults

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