Attitudes towards Money, Financial Literacy and Economic Socialization
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15410%2F19%3A73600145" target="_blank" >RIV/61989592:15410/19:73600145 - isvavai.cz</a>
Result on the web
<a href="https://obd.upol.cz/id_publ/333180031" target="_blank" >https://obd.upol.cz/id_publ/333180031</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.21125/iceri.2019.1830" target="_blank" >10.21125/iceri.2019.1830</a>
Alternative languages
Result language
angličtina
Original language name
Attitudes towards Money, Financial Literacy and Economic Socialization
Original language description
Economic socialization starts in childhood within the family. This study aims to examine behaviour of parents and would-be parents and their attitudes towards money. It can be assumed that they will pass on their attitudes to their children in future. Specifically, we focused on assessing the knowledge in the field of financial literacy (FL), money attitudes (MES), and attitudes towards pocket money (AP). A total set of 112 Czech men and women aged 18 to 64 years participated in the research. Other significant demographic variables monitored were the number of children (more than 70% of the group have one or more children), marital status, education and employment. To obtain the data the Financial literacy questionnaire, the Money attitude scale and Pocket money attitudes questionnaire were used. The results of the survey showed that most of the sample (over 80%) consider money a good and useful tool in human life and perceive to be able to manage their budgets well. Men showed greater knowledge in topics related to FL. In some FL topics (almost 50% of probands) admitted complete ignorance. Otherwise, men and women did not differ significantly in their attitudes and opinions towards money. Similarly, no correlation was found between the age of probands and their opinions and attitudes towards money. Almost 70% of the sample expressed their positive opinion towards providing children with pocket money and 30% of the sample feels sympathetically to an annual increase of pocket money.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50101 - Psychology (including human - machine relations)
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
ICERI2019 Proceedings
ISBN
978-84-09-14755-7
ISSN
2340-1095
e-ISSN
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Number of pages
8
Pages from-to
7700-7707
Publisher name
International Association of Technology, Education and Development (IATED)
Place of publication
Madrid
Event location
Seville
Event date
Nov 11, 2019
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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