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Do our children know anything about money? An exploratory study

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  • B. de Clercq
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    Abstract

    South Africans, like many people worldwide, need to save more and spend less. The question arises why people do not save enough for their retirement and other financial needs. In this exploratory study, age, gender and the amount of pocket money that learners receive were evaluated to determine their impact on the level of learners’ financial literacy. The author concluded that of the three variables evaluated, only age has a significant effect on the level of learners’ financial literacy.

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    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Meditari Accountancy Research.

    Volume (Year): 17 (2009)
    Issue (Month): 1 (April)
    Pages: 1-13

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    Handle: RePEc:eme:medapp:v:17:y:2009:i:1:p:1-13

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    Web page: http://www.emeraldinsight.com

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    Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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    Related research

    Keywords: Education; Financial knowledge; Financial literacy; Financial responsibility; Financial skills and competence; Level of income;

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    Cited by:
    1. Margaret Sherraden & Lissa Johnson & Baorong Guo & William Elliott, 2011. "Financial Capability in Children: Effects of Participation in a School-Based Financial Education and Savings Program," Journal of Family and Economic Issues, Springer, vol. 32(3), pages 385-399, September.

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