Education Commons^™

The Gradual Disappearance Of Financial Literacy In Today's World. What Is Financial Literacy And Why Is It So Important? My Own Story Of Acquisition, Eileen Gertrude Cammilla Kristiansen

Graduate College Dissertations and Theses

There is a growing concern in this country that the middle class is disappearing and not in the way one would hope. Instead of families moving into a higher socio-economic class and being able to provide richer life experiences for themselves and their children, vast numbers are shifting to a lower socio-economic status level. The gap between the affluent and those barely eking out an existence is increasing at an alarming rate. This trend will directly affect who can successfully attend college and who will be available and capable to perform the blue-collar jobs that are vital to the continuation …

Cultivating Financial Literacy Through Secondary School Economics Education: Access To Powerful Knowledge, Emanuel Mizzi

International Journal for Business Education

‘Powerful knowledge’ is disciplinary knowledge that when learned, empowers students to make decisions in a way that will influence their lives in a positive way (Young, 2008). In this paper, the researcher employs this construct to explore the financial literacy education arising from studying secondary school economics. It emerges from the author’s research aimed at exploring teaching and learning in secondary school Maltese economics classrooms. The underlying conceptual framework for this study is critical realism. The study design consisted of interviewing and observing 14 economics teachers, together with four focus groups interviews with students. Data were analyzed by employing thematic …

Financial Literacy For Latino Immigrants: A Guidebook For Esl Teachers, Anna Braden

Master's Projects and Capstones

Latino immigrants face many financial challenges in the United States. Language barriers exclude them from jobs as well as financial and consumer markets. Lack of familiarity with the U.S. financial system or bad experiences with financial systems in their home countries can create mistrust and lead to Latino immigrants being unbanked or underbanked. Consumer vulnerabilities may also be exploited as immigrants turn to nonbank financial services such as predatory lenders (check cashers, payday lenders, etc.). Lack of access to jobs and marketplaces results in lower income and less wealth accumulation. Over time this results in wealth inequality between Latino immigrants …

Examination Of Black Men's Perceptions Of Personal Finance And Lived Experiences Developing Financial Literacy And Building Financial Capability Through The Lens Of Institutional Racism, Jonathan B. Abdullah

FIU Electronic Theses and Dissertations

This phenomenological study examined Black men’s perceptions of their personal finances and their lived experiences developing financial literacy and building financial capability through the lens of institutional racism. Institutional racism was used as the conceptual framework to examine the participants lived experiences. Institutional racism works to disadvantage minorities and simultaneously provide privileges to Whites through organizational and institutional policies, practices, and treatment (Unzueta & Lowery, 2008).

Purposive sampling was used to obtain 16 participants for this study. Semi-structured interviews were conducted to collect the data from the participants and were analyzed using the Moustakas’s (1994) Modification of Stevick-Colaizzi-Keen Method of …

Actual And Self-Assessed Financial Literacy Among Employees Of A South African University, Gizelle D. Willows

Numeracy

This study examines the level of financial literacy and self-assessed financial literacy amongst members of a South African tertiary institution’s retirement fund. Based on surveys of the fund’s members, I employ descriptive statistics and multivariate regression analyses to examine differences in financial literacy within and across groups. The results show that, despite working for an employer implementing many best practices identified by financial literacy advocates, respondents from all demographic subgroups possess relatively low levels of financial knowledge. Men, White respondents, and those with a higher cost of employment or higher educational attainment were more likely to have a higher level …

College Didn’T Prepare Me For This: The Realities Of The Student Debt Crisis And The Effect It Is Having On College Graduates, April Perry, Cassandra Spencer

The William & Mary Educational Review

Student loans are like a dark cloud looming above 41 million Americans (Perna, Kvall, & Ruiz, 2017). Through young adults’ personal accounts and relevant literature, we aimed to explore how student debt has altered the lives of college graduates and what can be done to educate students before they graduate with tens of thousands of dollars in debt. To provide context, we first discuss a brief history of student loans and address what we know from the literature about the burden of student debt. Next, we address the factors that contribute to the student debt crisis and the effects of …