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ERIC Number: EJ920683
Record Type: Journal
Publication Date: 2010
Pages: 14
Abstractor: As Provided
ISSN: ISSN-0011-8052
Students Perspectives toward Key Personal Finance Variables
Miller, Donald; Hite, Nancy Groneman; Slocombe, Tom; Railsback, Barbara
Delta Pi Epsilon Journal, v52 n3 p168-181 Fall 2010
Purpose: In the current economic climate, young people's attitudes and habits related to money management seem to be of great interest. The primary purpose of this study is to advance the knowledge base in the area of personal finance education. Methodology: This survey was administered by English teachers to a convenience sample population of 326 high school seniors, representing seven small, medium, and large public high schools in a midwestern state. The survey gathered the students' perceptions related to purchasing decisions and courses they had taken. Results: Findings included the following: (1) students expect to equal or surpass their parents' standard of living; (2) the strongest influence on students' money management decisions was their own independent thinking; (3) a part-time job was their most important source of income, (4) the median amount students spent in a month was $115; (5) when spending money, males were more influenced than females by external factors such as movies or the Internet; (6) business classes provided more helpful money management information than other classes; and (7) the personal finance topic taught the least often was home mortgages. Conclusion: A major conclusion was that these high school seniors have a positive outlook on their future earning power, in fact, expecting to equal or surpass their parents' standard of living. (Contains 5 tables.)
Delta Pi Epsilon, Inc. P.O. Box 4340, Little Rock, AR 72214. Tel: 501-219-1866; Fax: 501-219-1876; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Research
Education Level: High Schools
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A