On the Regional Differences in Financial Literacy of the University Students

Abstract

Financial literacy belongs to the key components of education for life in modern society and its importance growths every day. Various research studies on this issue have shown that there is a gap among the different sections of people such as men and women, young and adults, rural and urban and also many other categories of people. This article focuses on the university students in former Czechoslovakia that has before 25 years been split into two separate countries. The questionnaire survey method was applied to determine the average score of financial literacy among the students of six different universities. The statistical analysis has shown a surprising significant shift between both countries and as well between regions.