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Importance Of Developing Financially Literate Families And Communities: Opportunities For Fcs Educators, Stephen Molchan
Importance Of Developing Financially Literate Families And Communities: Opportunities For Fcs Educators, Stephen Molchan
Journal of Educational Research and Practice
Financial literacy has been an issue for decades in the United States; however, the COVID-19 pandemic put financial illiteracy in the spotlight. Family and Consumer Sciences (FCS) educators have the ability to influence the financial literacy rates among individuals, families, and communities. Despite Hogarth’s 2002 call to action for FCS educators to promote fiscal education, this has not happened. FCS educators must now respond to this call. This manuscript addresses the financial illiteracy problem in the United States, the importance of financial literacy, financial literacy in the FCS National Standards, and the actions FCS educators can take to improve financial …
Socialization Agents That Puerto Rican College Students Use To Make Financial Decisions, Enid Alvarez, Steven Tippins
Socialization Agents That Puerto Rican College Students Use To Make Financial Decisions, Enid Alvarez, Steven Tippins
Journal of Sustainable Social Change
Using consumer socialization theory as theoretical framework, the purpose of this quantitative, nonexperimental, cross-sectional study was to identify the information sources that Puerto Ricans college students use to gather financial knowledge. A sample of 198 Puerto Rican college students answered a portion of the College Student Financial Literacy Survey. The research question addressed the preference of four financial information sources, including parents, peers, media, and school. A combination of descriptive statistics, one-way analysis of variance, repeated-measures analysis of variance, and multiple linear regression confirmed that participants preferred to gather financial knowledge from parents. Researchers, educators, and policymakers may use this …