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Cited by 1,797

The DOI matches its Crossref record.

An Analysis of Personal Financial Literacy Among College Students

Open access
Chen, Haiyang, Volpe, Ronald P.·1998·Financial Services Review
DOI 10.1016/s1057-0810(99)80006-7
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Abstract

This study surveys 924 college students to examine their personalfinancial literacy; the relationship between the literacy and students' characteristics; and impact of the literacy on students' opinions and decisions. Results show that participants answer about 53% of questions correctly. Non-business majors, women, students in the lower class ranks, under age 30, and with little work experience have lower levels of knowledge. Less knowledgeable students tend to hoM wrong opinions and make incorrect deci- sions. It is concluded that college students are not knowledgeable about personal finance. The low level of knowledge will limit their ability to make informed decisions.

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Metadata

Authors
Chen, H., & Volpe, R. P.
Venue
Financial Services Review
Publisher
Academy of Financial Services
Published
1998-06-30
Volume
7
Issue
2
Pages
107-128
ISSN
  • 1057-0810 (ISSN-L)
  • 1873-5673
DOI
10.1016/s1057-0810(99)80006-7
OpenAlex
W2010006025
Cited by
1,797
References
0
FWCI
5.38
Type
journal article
Language
en
Open access
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CoChat. (2026). Citation check: An Analysis of Personal Financial Literacy Among College Students. https://app.cochat.ai/papers/10.1016/s1057-0810(99)80006-7
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Chen, H., & Volpe, R. P. (1998). An Analysis of Personal Financial Literacy Among College Students. Financial Services Review. https://doi.org/10.1016/s1057-0810(99)80006-7

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.