The Financial Literacy among Czech Adults in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Financial Literacy among Czech Adults in the Czech Republic

Popis výsledku v původním jazyce

Financial education is becoming a more important part of science when talking about finance and economics. According to some studies financially literate person is supposed to be a basic condition for a successful economy. (OECD, 2015) With the increasing importance of this phenomenon, it is also crucial to run various studies dedicated to measuring of financial literacy level, determination advantages and disadvantages of various educational programs (devoted to the financial education) and most importantly search for possible improvements of the lower level of financial literacy among the population. The goal of this study is to provide results concerning a study in progress; run in the Czech Republic. In this particular research, the main target audience is young Czech adults. The data shows that among young citizens of the Czech Republic, gender plays an important role when it comes to the financial literacy level in favour of males (who reached higher level of the literacy). Consequently, level of education was also a valid indicator of the financial literacy level. Last but not least, whether a respondent is working or/and studying is also an important factor of the financial literacy level. On average, working students have reached higher level of the financial literacy comparing to non-working students and working people (who are not students at the same time). On the other hand, among Czech adults is not a significant difference between people from villages and small cities and people from bigger cities, where citizens usually get easier access to formal and informal education. Concerning the used methodology, this study is based on descriptive statistics as a basic tool for comparison and initial insight into the data file, further on t-tests allowing parametric comparisons of various data groups and the method analysis of variance (ANOVA).

Název v anglickém jazyce

The Financial Literacy among Czech Adults in the Czech Republic

Popis výsledku anglicky

Financial education is becoming a more important part of science when talking about finance and economics. According to some studies financially literate person is supposed to be a basic condition for a successful economy. (OECD, 2015) With the increasing importance of this phenomenon, it is also crucial to run various studies dedicated to measuring of financial literacy level, determination advantages and disadvantages of various educational programs (devoted to the financial education) and most importantly search for possible improvements of the lower level of financial literacy among the population. The goal of this study is to provide results concerning a study in progress; run in the Czech Republic. In this particular research, the main target audience is young Czech adults. The data shows that among young citizens of the Czech Republic, gender plays an important role when it comes to the financial literacy level in favour of males (who reached higher level of the literacy). Consequently, level of education was also a valid indicator of the financial literacy level. Last but not least, whether a respondent is working or/and studying is also an important factor of the financial literacy level. On average, working students have reached higher level of the financial literacy comparing to non-working students and working people (who are not students at the same time). On the other hand, among Czech adults is not a significant difference between people from villages and small cities and people from bigger cities, where citizens usually get easier access to formal and informal education. Concerning the used methodology, this study is based on descriptive statistics as a basic tool for comparison and initial insight into the data file, further on t-tests allowing parametric comparisons of various data groups and the method analysis of variance (ANOVA).

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Proceedings of 12th International Scientific Conference

ISBN

9788075104434

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

35-41

Název nakladatele

School of Business Administration

Místo vydání

Karviná

Místo konání akce

Karviná, Czech Republic

Datum konání akce

1. 1. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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