Journal Article

College Students and Financial Literacy: What They Know and What We Need to Learn

By Brenda Cude
January 1, 2006

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Abstract

Previous research focused on college students and their credit card usage. This study examines college students’ overall financial management practices using quantitative and qualitative data from a multi-state research project. Specifically, the study investigates how college students acquire financial knowledge and behaviors and the factors that place some students at greater financial risk than others. The findings show that parents play a key role in their children’s financial socialization. The results provide important insight into financial education opportunities for students, parents, campus administrators, and financial professionals and educators.

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