Structural equations for the analysis of financial literacy in high school students in Bucaramanga
Main Article Content
Keywords
Financial literacy, Financial knowledge, Financial behavior, Financial attitude, High school students
Abstract
In times of high volatility in the global financial system that can affect the population, proper decision-making on resources becomes a key aspect of personal financial management. Financial literacy, understood as financial knowledge, behavior, and attitude, can play a key role in managing these resources optimally, mainly in populations considered vulnerable. Among these populations are high school students who are increasingly close to close interaction with the financial system, requiring preparation for their incursion into this system. Therefore, this research aims to analyze financial literacy in secondary school students, through structural equations, in order to know the importance of each of the elements that make up this literacy and thus, propose strategies for its promotion. To do this, a surveytype data collection tool was applied to a statistically significant sample of school students in Bucaramanga, Colombia. This survey was validated through Factor Analysis, in order to meet the requirements to propose the model of Financial Literacy of students through Structural Equations. The main results are the balance between knowledge, behavior, and attitude for the formation of students; the need to strengthen both financial and mathematical knowledge, as well as financial planning in the short and long term.
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José Alonso Caballero Márquez, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Sergio Andrés Gómez Mutis, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Liliana Margarita Pérez Olmos, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Cesar Augusto Silva Giraldo, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Juan Sebastián Dugarte Mendoza, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
David Andrés Suarez Suarez, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Nelson Javier Hernández Bueno, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Diana Alexandra Rodríguez Quiñónez, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Fabio Augusto Niño Liévano, Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia
Minuto de Dios University Corporation - UNIMINUTO, Bucaramanga, Colombia