DOAJ Open Access 2022

Design and Evaluation among Young Adults of a Financial Literacy Scale Focused on Key Financial Decisions

Silvia Mariela Méndez Prado Katherine Chiluiza Patricia Everaert Martin Valcke

Abstrak

The present study underpins the design and validation of a Financial Literacy (FL) scale in the Latin American and the Caribbean (LAC) context. Though scales are available, they do not meet contextual characteristics and seem to miss out on a focus on Key Financial Decisions (KFD). Scale design was consistent with an extensive literature review (2010–2021). Forty-four items scale covering the dimensions of Financial Attitude, Financial Behavior, and Financial Knowledge were presented to 478 young adults aged 18–30, and women 58% of them. The results reflect a robust FL scale by applying Confirmatory Factor Analysis (CFA). The data about young adults’ FL can be used as a benchmark in future studies fostering the development of FL in the Latin American and Caribbean contexts.

Topik & Kata Kunci

Education

Penulis (4)

Silvia Mariela Méndez Prado

Katherine Chiluiza

Patricia Everaert

Martin Valcke

Format Sitasi

APA MLA BibTeX

Prado, S.M.M., Chiluiza, K., Everaert, P., Valcke, M. (2022). Design and Evaluation among Young Adults of a Financial Literacy Scale Focused on Key Financial Decisions. https://doi.org/10.3390/educsci12070460

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Informasi Jurnal

Tahun Terbit: 2022
Sumber Database: DOAJ
DOI: 10.3390/educsci12070460
Akses: Open Access ✓