ERIC Number: EJ996348
Record Type: Journal
Publication Date: 2011-Mar
Pages: 14
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0146-3934
EISSN: N/A
Testing the Role of Parental Debt Attitudes, Student Income, Dependency Status, and Financial Knowledge Have in Shaping Financial Self-Efficacy among College Students
Heckman, Stuart J.; Grable, John E.
College Student Journal, v45 n1 p51-64 Mar 2011
This study was designed to evaluate the determinants of personal finance knowledge among college students and to test how this knowledge affects students' perceived self-efficacy beliefs in dealing with personal financial issues. In this study, a test of parental attitudes towards debt, students' income level, and dependency status related to levels of personal finance knowledge was conducted. The relationship between personal finance knowledge and self-efficacy was then examined. A questionnaire measuring these variables was completed by 80 participants at a Midwestern U.S. university. A significant positive relationship between level of income and personal finance knowledge was found. It was also noted that financial knowledge was significantly positively associated with self-efficacy. Students who were more knowledgeable had higher levels of self-efficacy. (Contains 1 table and 2 figures.)
Descriptors: Self Efficacy, Income, College Students, Debt (Financial), Money Management, Role, Parent Attitudes, Correlation, Questionnaires, Knowledge Level
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A