Group items tagged

Shim, Soyeon, et al. "Financial Socialization of First-year College Students: The Roles of Parents, Work, and Education." Journal of Youth & Adolescence 39.12 (2010): 1457-1470. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This article is based on first year college students regarding financial literacy. This study tested over two thousand students on their financial behaviors, financial tendencies, and financial knowledge. The study showed that students who had grown up with parents with good financial tendencies, also showed these strong tendencies. The study also said that when the students tested had developed good techniques at a young age, they were more then likely to have good techniques as adults. Lastly, the study confirmed that it takes a combination of financial literacy, financial behavior, and financial knowledge together in order to achieve a set of strong techniques.

Jorgensen, Bryce L., and Jyoti Savla. "Financial Literacy of Young Adults: The Importance of Parental Socialization." Family Relations 59.4 (2010): 465-478. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. The article is in short summarized by the title. The article suggests that young adults who have a strong family background, and have received financial knowledge from either their parents, or a close mentor, will do much better with managing their finances. The journal's main emphasis was to show which parts of financial literacy was influenced by these standards. Although most students financial knowledge was no greater then the next, most that came from a strong family background had higher financial behavior and financial attitude.

Robb, Cliff A., and Deanna L. Sharpe. "Effect of Personal Financial Knowledge on College Students' Credit Card Behavior." Financial Counseling & Planning 20.1 (2009): 25-43. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This journal is based on a survey done on almost 7000 college students. The purpose was to see how they spent their credit card money, and what knowledge, if any, they possessed. Financial knowledge was huge in this study when it came to smart spending. However, the article also says that many college students that had a high level of intelligence when it came to financial knowledge still had large credit card balances. This journal article shows that even people who are educated in financial literacy still can have major credit card debts and problems with spending.

Mandell, Lewis, and Linda Schmid Klein. "The Impact of Financial Literacy Education on Subsequent Financial Behavior." Financial Counseling & Planning 20.1 (2009): 15-24. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This article will be fantastic as a counter argument to my paper. Every good paper needs some form of argument against to make the argument for even stronger. The journal is a study based on 79 high school students. These students in years prior had completed a course that dealt with managing their finances. The study showed that these kids were no smarter, or held any knowledge that other students didn't regarding financial literacy and spending. I thought that this journal was great because it showed that it might not even be the education that lead to poor spending. Also the students who took the course even noted that they did not spend their money in the right ways.

HUSTON, SANDRA J. "Measuring Financial Literacy." Journal of Consumer Affairs 44.2 (2010): 296-316. Academic Search Complete. EBSCO. Web. 17 Nov. 2010. This journal was written by Sandra Huston. In her journal she attempts to define exactly what financial literacy is. She argues that many other scholars will not address this part of the subject, which she thinks is the main problem. She also goes on to state just what kinds of obstacles people face who do not have the knowledge, or are not well educated on Financial Literacy. She even makes a statement that it is her belief that the US has problems with welfare because of lack of finance knowledge, especially when it comes to spending. The information will serve great purpose for my introduction and conclusion as well as backup for my main paragraphs.

Chien-Wen, Lai. "How Financial Attitudes and Practices Influence the Impulsive Buying Behavior of College and University Students." Social Behavior & Personality: An International Journal 38.3 (2010): 373-380. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This article shows certain indications, or in other words tell tale signs that many people who have problems with financial spending hold in common. The article has tables that show results on whether or not students had plans on how to spend their money, if they actually kept track of their money, and why they spent their money. The main point of the article was the difference between compulsive, and pre-determined purchases of college students. I also thought that this article would be good because the field work was done on international students. This shows that financial literacy is just not a problem amongst college students in the states. This problem is occurring all over the world and this article shows that.

Palmer, Lance, et al. "IMPROVING FINANCIAL AWARENESS AMONG COLLEGE STUDENTS: ASSESSMENT OF A FINANCIAL MANAGEMENT PROJECT." College Student Journal 44.3 (2010): 659-676. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. The article served as a study that was done on college students. It was an intervention that mainly forced college students to track just how they spent their money. The purpose of the experiment was to bring awareness to the students at the end to show them what possible mistakes, or poor expenditures they had made. The study showed that when students tracked how they spent their money, they universally increased their spending knowledge, and made very few careless purchases. When these students actually tracked how they spent their money the study showed that they realized the values that their parents and guardians had taught them.

The article discusses financial-literacy programs at universities and colleges in the United States. Programs like Texas Tech University's help its students master the basics of budgeting, saving, and not buying what they can't afford. These programs are especially important as colleges grapple with rising costs and an economic downturn in the country. The author states that financial literacy affects student retention, productivity, and mental health, and may also generate good will in a time when colleges are being criticized for repeatedly raising tuition, fees, and housing costs. (From the EBSCO abstract.)\n

Murphy, Angela J. "Money, Money, Money: An Exploratory Study on the Financial Literacy of Black College Students." College Student Journal 39.3 (2005): 478-488. EBSCO. Web. 22 Nov. 2010. This article explores financial literacy through race, gender and age. For most people their financial literacy improves as they become older. There are an abundant amount of statistics in this piece. In order to raise awareness of financial literacy college professors have begun developing classes to teach students how to become financially independent.

Huston, Sandra J. "Measuring Financial Literacy." Journal of Consumer Affairs 44.2 (2010): 296-316. Academic Search Complete. EBSCO. Web. 21 Nov. 2010. This article talks about the need for people to better understand their finances and how to avoid a financial crisis. This article gives supporting facts on the number of people who are identified as financially literate and gives percentages. There are also many barriers in trying to move toward a way to measure financial literacy and talks about the importance of finding a way to measure financial literacy.

Supiano, Beckie. "For Students, the New Kind of Literacy Is Financial College offer programs in managing money. (Cover story)." Chronicle of Higher Education 55.2 (2008): A1-A38. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. This is an article that was the cover story. It was based on schools such as Texas Tech that have actual course at their institution that is based upon financial literacy and the knowledge of spending one's own money. Texas Tech is one of many schools that have a class like this one. The class in itself teaches students proper spending techniques. The purpose of the class is to teach students how to budget money, save when the time is right, and to buy only things or items that they can afford.

Chodkiewicz, Andrew, Betty Johnston, Keiko Yasukawa. "Educating Parents: The EvenStart financial literacy program." Journal of Literacy and Numeracy Studies 14.1 (2005): 33-47. Ebsco. Web. 22 Nov. 2010. This article talks about the benefits of parents and children working together to better understand financial literacy. It talks about different programs one can take to better understand their finances. The article also does a good job at defining specifically what financial literacy is.

Jorgensen, Bryce, Jyoti Savla. "Financial Literacy of young adults: The importance of Parental Socialization." Journal of Family Relations 59.4 (2010): 465-478. Ebsco. Web. 22 Nov. 2010. This article tests the idea that parents influence their young on topics such as finances. There are survey results that show parental influence had an impact on the students and their financial outlook. There is also an enormous influence on financial behavior and attitude.

Allen, Rick. "Financial Literacy: An Imperative in Economic Hard Times." Education Update 51.2 (2009): 1-5. Ebsco. Web. 22 Nov. 2010. According to this article there has been a decline in financial literacy over the past few years. More and more schools are starting to offer finance classes at the high school level. In order to ensure students make good financial decisions in their later years it is important that parents and teachers start teaching people about finances before they are teens.

Benard, Tara Siegel. "Working Financial Literacy in with the Three R's." The New York Times. The New York Times, 9 Apr. 2010. Web. 3 Nov. 2010. This article discuses the importance of having a financial background. There is a lot of discussion about having mandatory class at the high school level, which will help students with their finances. It will also help students become more aware of what it involved in creating a budget. There is a lot of discussion on how personal finance should be taught.

Kezar, Adrianna. "Financial Literacy, a Key to Success for Low-Income Students." Chronicle of Higher Education 56.35 (2010): A26. Ebsco. Web. 22 Nov. 2010. This article talks about how people from low income backgrounds are often behind the others when it comes to financial literacy. The problem starts with education, many students are not being educated about finances. If the grant programs went through the lives of those that are from low income families would be improved.

Budgetball is a new sport being played on college campuses with the aim of making financial literacy accessible in a very physical way.

Davis, Rita, Lana Carnes. "Employers Perspective of Employees Personal Financial Literacy." Delta Pi Epsilon Journal 47.1 (2005):11-19. EBSCO. Web. 22 Nov. 2010. This article talks about the importance of spending less than you earn. Many of Americans have troubles managing their accounts and using debit and credit cards. The article stresses the importance of employers helping to educated their employees to help them make sound financial decisions.

Keer, Gregory. "Financial Literacy for Kids: Money Lessons Should Start Young." Parenthood. Dominion Enterprises. n.d. Web. 18 Nov. 2010. This article talks about how fast students are getting themselves into debt, and what should be done to help kids become financially independent. The article also talks about the ways in which you can teach someone to save money.

LUSARDI, ANNAMARIA, OLIVIA S. MITCHELL, and VILSA CURTO. "Financial Literacy among the Young." Journal of Consumer Affairs 44.2 (2010): 358-380. Academic Search Complete. EBSCO. Web. 17 Nov. This article will be very strong for my paper. For the purpose of my research paper, I would like to focus on young adults. This journal article is directed specifically towards that. In the journal, there was a study done on high school and college level aged students who were asked questions regarding inflation, interest rates, and risk diversification. The best part of this article is that it show that students who are from a solid background, or have been to college, know much more about financiall literacy and how their money will spent in the future. I can use much of this information and studies in my paper.