Morehead State University
College Students' Knowledge of Basic Personal Finance
Institution
Morehead State University
Faculty Advisor/ Mentor
Janet Ratliff
Abstract
The issues that face adults in everyday life regardless of occupation in terms of finances are extremely important to the overall success of adults in everything that they ultimately do; therefore, preparing students with appropriate knowledge about personal finances is a core responsibility of a personal finance class when offered at a University. This study explored the personal finance knowledge of college students prior to and after completing a basic finance course. The questions given to students to ascertain knowledge were developed from practitioners including: bankers, insurance agents, investment brokers, and business executives. Common demographic factors influencing knowledge were examined and reported to determine what demographic factors most influence financial knowledge.
College Students' Knowledge of Basic Personal Finance
The issues that face adults in everyday life regardless of occupation in terms of finances are extremely important to the overall success of adults in everything that they ultimately do; therefore, preparing students with appropriate knowledge about personal finances is a core responsibility of a personal finance class when offered at a University. This study explored the personal finance knowledge of college students prior to and after completing a basic finance course. The questions given to students to ascertain knowledge were developed from practitioners including: bankers, insurance agents, investment brokers, and business executives. Common demographic factors influencing knowledge were examined and reported to determine what demographic factors most influence financial knowledge.