Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile
All individuals face decisions during their lifetime that directly influence the economic well-being of their families. Therefore, financial education can be a fundamental tool to maximize our economic resources and use them wisely. A virtual survey was administered to 410 volunteer students belongi...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-09-01
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| Online Access: | https://www.mdpi.com/2078-2489/12/9/379 |
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| author | Hanns de la Fuente-Mella Benito Umaña-Hermosilla Marisela Fonseca-Fuentes Claudio Elórtegui-Gómez |
| author_facet | Hanns de la Fuente-Mella Benito Umaña-Hermosilla Marisela Fonseca-Fuentes Claudio Elórtegui-Gómez |
| author_sort | Hanns de la Fuente-Mella |
| collection | DOAJ |
| description | All individuals face decisions during their lifetime that directly influence the economic well-being of their families. Therefore, financial education can be a fundamental tool to maximize our economic resources and use them wisely. A virtual survey was administered to 410 volunteer students belonging to a public university in southern Chile. The objective was to determine the level of financial knowledge and appreciation of financial education of future professionals. The most important results demonstrate a reality in which young people said they had the habit of saving and budgeting at home and were responsible for paying their bills on time. However, only a very small number of participants claimed having a superior level of knowledge regarding financial literacy. The main challenge for universities is to include this topic in the elective curriculum of all degree programs to promote financial criterion development that contributes to the comprehensive training and professional competencies of future graduates. |
| first_indexed | 2024-03-10T07:34:42Z |
| format | Article |
| id | doaj.art-49d457bb8c844863910b15cc396b6a2f |
| institution | Directory Open Access Journal |
| issn | 2078-2489 |
| language | English |
| last_indexed | 2024-03-10T07:34:42Z |
| publishDate | 2021-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Information |
| spelling | doaj.art-49d457bb8c844863910b15cc396b6a2f2023-11-22T13:35:36ZengMDPI AGInformation2078-24892021-09-0112937910.3390/info12090379Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in ChileHanns de la Fuente-Mella0Benito Umaña-Hermosilla1Marisela Fonseca-Fuentes2Claudio Elórtegui-Gómez3Escuela de Comercio, Facultad de Ciencias Económicas y Administrativas, Pontificia Universidad Católica de Valparaíso, Valparaíso 2340025, ChileDepartamento de Gestión Empresarial, Facultad de Ciencias Empresariales, Universidad del Bío-Bío, Chillán 2463334, ChileDepartamento de Gestión Empresarial, Facultad de Ciencias Empresariales, Universidad del Bío-Bío, Chillán 2463334, ChileEscuela de Periodismo, Facultad de Ciencias Económicas y Administrativas, Pontificia Universidad Católica de Valparaíso, Valparaíso 2373223, ChileAll individuals face decisions during their lifetime that directly influence the economic well-being of their families. Therefore, financial education can be a fundamental tool to maximize our economic resources and use them wisely. A virtual survey was administered to 410 volunteer students belonging to a public university in southern Chile. The objective was to determine the level of financial knowledge and appreciation of financial education of future professionals. The most important results demonstrate a reality in which young people said they had the habit of saving and budgeting at home and were responsible for paying their bills on time. However, only a very small number of participants claimed having a superior level of knowledge regarding financial literacy. The main challenge for universities is to include this topic in the elective curriculum of all degree programs to promote financial criterion development that contributes to the comprehensive training and professional competencies of future graduates.https://www.mdpi.com/2078-2489/12/9/379financial educationfinancial knowledgehigher educationeconometric modeling |
| spellingShingle | Hanns de la Fuente-Mella Benito Umaña-Hermosilla Marisela Fonseca-Fuentes Claudio Elórtegui-Gómez Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile Information financial education financial knowledge higher education econometric modeling |
| title | Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile |
| title_full | Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile |
| title_fullStr | Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile |
| title_full_unstemmed | Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile |
| title_short | Multinomial Logistic Regression to Estimate the Financial Education and Financial Knowledge of University Students in Chile |
| title_sort | multinomial logistic regression to estimate the financial education and financial knowledge of university students in chile |
| topic | financial education financial knowledge higher education econometric modeling |
| url | https://www.mdpi.com/2078-2489/12/9/379 |
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