The relationship between previous mathematics performance, and level of financial literacy and financial well-being of university students

Hazudin, Siti Fahazarina; Tarmuji, Nor Habibah; Kader, Mohd Aidil Riduan Awang; Majid, Azeman Abd; Aziz, Nurul Nadia Abd; Ishak, Maisarah

doi:10.1063/1.5041701

Cited by 8 publications

(8 citation statements)

References 23 publications

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“…Based on the emerging adult development, emerging adults are frequently financially stressed as they seek to establish financial independence 6 . However, emerging adults in our study had higher financial stress levels than their peers without diabetes 21,26 . Although previous studies have found that the general United States population of emerging adults and adults have low levels of health insurance literacy leading to financial and psychological stress, these stressors are especially significant during the developmental stage of emerging adulthood, and for those with chronic health conditions 27,28 .…”

Section: Discussioncontrasting

confidence: 51%

“…6 However, emerging adults in our study had higher financial stress levels than their peers without diabetes. 21,26 Although previous studies have found that the general United States population of emerging adults and adults have low levels of health insurance literacy leading to financial and psychological stress, these stressors are especially significant during the developmental stage of emerging adulthood, and for those with chronic health conditions. 27,28 Our study results illuminate the complexities of living with type 1 diabetes during the developmental stage of emerging adulthood.…”

Section: Discussionmentioning

confidence: 99%

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Financial stress in emerging adults with type 1 diabetes in the United States

2021

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Objective: To describe the relationships among financial stress factors (perceived stress, financial stress, and financial independence) and psychological factors (depressive symptoms, trait anxiety, and diabetes distress) on self-management outcomes (HbA1c and diabetes-related quality of life) in emerging adults with type 1 diabetes.Research design and methods: A descriptive, correlational, cross-sectional study examined 413 emerging adults, ages 18-25, from the Type 1 Diabetes Exchange Clinic Registry. Data were collected via REDCap surveys using the Personal Financial Well-Being Scale, Willingness to Pay Scale,

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Section: Discussioncontrasting

confidence: 51%

Section: Discussionmentioning

confidence: 99%

Financial stress in emerging adults with type 1 diabetes in the United States

2021

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“…The results of the study specify the critical role of parents, offer specific entry points for policy makers and educators and at the same time they give parents advice that has a positive impact on the development of financial literacy among adolescents. Hazudin et al (2018) focused in his study on the interconnection of mathematical and financial literacy. Knowing how to use logic and mathematics creates the basis for good analytical thinking and decision-making skills.…”

Section: Theoretical Background Of the Studymentioning

confidence: 99%

Exploring the Quality of Pupils’ Financial Literacy

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et al. 2020

Acta Educationis Generalis

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Introduction: Education is an important tool for improving many aspects of life, including socio-economic status or well-being. The paper is aimed at monitoring the financial literacy of pupils in Eastern Slovakia.Methods: The contribution will contain the results of the survey. We analyse in detail the theoretical definition of financial literacy, strategy and measures of the state administration bodies in the field of improving financial literacy of more than 2000 pupils.Results: The result of the research paper is an analysis of the achieved data and their characteristics.Discussion: This part of the research paper deals with the areas of financial literacy of pupils in Slovakia. Education is an important tool for improving many aspects of life, including socio-economic status or well-being.Limitations: Participants of the electronic questionnaire participated in the answers according to the activities and projects prepared by a particular elementary school.Conclusion: Higher life expectancy, pension reforms, the availability of a more comprehensive range of financial products and services mean that the ability to make well-informed financial decisions is increasingly considered an important life skill. If a school fails at certain points during a child’s study, it is assumed that this will have a negative long-term impact on the child’s life in the future, as ending a school without sufficient qualifications can lead to difficulties in ensuring equal participation in the financial, civil and social aspects of modern society. Education is an important tool for improving many aspects of life, including socio-economic status or well-being.

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“…Various contributing factors have been established in the studies to examine FWB, that is, competence in financial knowledge and skills (Kim and Chatterjee, 2013 ; Xiao et al, 2013 ; Hazudin et al, 2018 ; Russell et al, 2020 ); physical health, marital status, and income (Cox et al, 2009 ; Netemeyer et al, 2018 ; Islam and Schreyer, 2020 ); interaction with parents and attitudes toward knowledge (Vosloo, 2014 ; Furnham and Cheng, 2017 ; Mohamed, 2017 ; Netemeyer et al, 2018 ); interaction with socialization agents (Sabri, 2011 ; Kim and Chatterjee, 2013 ; Rea, 2017 ; Rea et al, 2019 ; Lanz et al, 2020 ) and early childhood consumer experiences (ECCEs) (Brüggen et al, 2017 ; Netemeyer et al, 2018 ; Rea et al, 2019 ); positive financial behaviors (Serido et al, 2010 ; Farrell et al, 2016 ; Prawitz and Cohart, 2016 ; Furnham and Cheng, 2017 ; Sabri et al, 2020 ); and parent–child communication and expectations of parents (Serido et al, 2010 ; Drever et al, 2015 ; Aquilino and Supple, 2016 ; Serido and Deenanath, 2016 ). The present study attempts to find the relevant factors contributing to an individual's FWB in Pakistan.…”

Section: Introductionmentioning

confidence: 99%

Pathways to Financial Success: An Empirical Examination of Perceived Financial Well-Being Based on Financial Coping Behaviors

et al. 2021

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The current study empirically tests a financial well-being (FWB) model built on financial socialization (FS) and early childhood consumer experience (ECCE). The current study was conducted based on primary data obtained through structured questionnaires. By using a convenient sampling technique, data were collected from 1,500 respondents from Pakistan. Results advocated that childhood experiences directly affect the FWB in adults. In addition, FS agents, such as parents, have direct and indirect effects on the FWB in adults. Findings revealed that financial coping behaviors mediate the relationship among FS agents, such as parents, students, and the FWB. Surprisingly, FS agent peers do not impact adult FWBs. The study concluded that FWB could be improved by socializing with parents and teachers and using childhood experiences. Considering the importance of the role of parents and teachers, they should discuss financial issues with children. Policymakers should work to provide some opportunities for children so that they can practice and gain experience.

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The relationship between previous mathematics performance, and level of financial literacy and financial well-being of university students

Cited by 8 publications

References 23 publications

Financial stress in emerging adults with type 1 diabetes in the United States

Financial stress in emerging adults with type 1 diabetes in the United States

Exploring the Quality of Pupils’ Financial Literacy

Pathways to Financial Success: An Empirical Examination of Perceived Financial Well-Being Based on Financial Coping Behaviors

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