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Financial Literacy Among Buffalo State College Undergraduate Students, Toni Martinucci
Financial Literacy Among Buffalo State College Undergraduate Students, Toni Martinucci
Public Administration Master’s Projects
Financial literacy can be complex and difficult for college students to comprehend. Many students struggle to afford college and are faced with large amounts of student loan debt. Financial awareness needs to be addressed early on for students to make informed decisions about college costs, student debt, and financial aid. However, financial aid applications, terms and conditions, and eligibility requirements are difficult for many students to comprehend on their own. The purpose of this study is to access financial literacy among undergraduate students at Buffalo State College. A quantitative approach is used in this study by implementing a web-based cross-sectional …
Numeracy, Financial Literacy, And Financial Decision-Making, Annamaria Lusardi
Numeracy, Financial Literacy, And Financial Decision-Making, Annamaria Lusardi
Numeracy
Financial decisions, be they related to asset building or debt management, require the capacity to do calculations, including some complex ones. But how numerate are individuals, in particular when it comes to calculations related to financial decisions? Studies and surveys implemented in both the United States and in other countries that are described in this paper show the level of numeracy among the population to be very low. Moreover, lack of numeracy is not only widespread but is particularly severe among some demographic groups, such as women, the elderly, and those with low educational attainment. This has potential consequences for …
Quantitative Literacy At Michigan State University, 2: Connection To Financial Literacy, Dennis Gilliland, Vince Melfi, Alla Sikorskii, Edward Corcoran, Eleanor Melfi
Quantitative Literacy At Michigan State University, 2: Connection To Financial Literacy, Dennis Gilliland, Vince Melfi, Alla Sikorskii, Edward Corcoran, Eleanor Melfi
Numeracy
The lack of capability of making financial decisions has been recently described for the adult United States population. A concerted effort to increase awareness of this crisis, to improve education in quantitative and financial literacy, and to simplify financial decision-making processes is critical to the solution. This paper describes a study that was undertaken to explore the relationship between quantitative literacy and financial literacy for entering college freshmen. In summer 2010, incoming freshmen to Michigan State University were assessed. Well-tested financial literacy items and validated quantitative literacy assessment instruments were administered to 531 subjects. Logistic regression models were used to …
Four Popular Books On Consumer Debt: A Context For Quantitative Literacy, Andrew J. Miller
Four Popular Books On Consumer Debt: A Context For Quantitative Literacy, Andrew J. Miller
Numeracy
The topics of credit cards, mortgages, subprime lending, and fringe banking are rich sources of problems and discussions for classes focused on quantitative literacy. In this theme book review, we look at four recent books on the consumer debt industry: Credit Card Nation, by Robert Manning; Maxed Out, by James Scurlock; Collateral Damaged, by Charles Geisst; and Broke, USA, by Gary Rivlin. Credit Card Nation takes a scholarly look at the history of credit in America with a focus on the genesis and growth of the credit card industry up to the turn of the 20th century. Maxed Out also …