Quotation Fuhrmann, Bettina. 2018. Financial Literacy Of The Youth - Experiences, Preconceptions, Attitudes And Behaviour. EDULEARN2018, Palma, Spanien, 02.07.-04.07.




Research has shown that in many countries, the level of financial literacy, especially knowledge, is particularly low among the youth. Yet, there is little research on young people’s everyday financial experiences within their families, peer groups and at school as well as on the impact of these experiences on attitudes and behaviour. This paper presents and discusses the results of two qualitative interview studies and one quantitative study with young Austrians. It was the objective of both qualitative studies to identify critical incidents in the students’ lives that might have helped them gain financial experience and influenced their financial behaviours. The quantitative study is based on the analysis of the data of 1,343 students that reveal the relationships between learning experiences, money attitudes and financial behaviours (mainly saving and spending money). All these studies show consistently that students are highly interested in money issues but have very different chances to acquire financial skills. Their financial attitudes and behaviours are mainly shaped by learning experiences within their families and peers, but also by media. Learning about money issues at school plays a minor role in the lives of most students but would be of utmost importance to those students who cannot rely on their parents to learn how to deal competently with money.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Financial Literacy Of The Youth - Experiences, Preconceptions, Attitudes And Behaviour
Event EDULEARN2018
Year 2018
Date 02.07.-04.07
Country Spain
Location Palma


Fuhrmann, Bettina (Details)
Institute for Business Education IN (Details)
Competence Center for Empirical Research Methods WE (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5348 Business education (Details)
5405 Empirical social research (Details)
5807 Didactics (Details)
5816 Education science (Details)
5963 Evaluation research (Details)
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