Financial literacy of lusophone university students: Evidence from a university in the interior of Ceará, Brazil

Authors

DOI:

https://doi.org/10.33448/rsd-v10i9.17527

Keywords:

Financial literacy; Financial knowledge; Financial behavior; Financial attitude; Lusophone university students.

Abstract

Financial aid is provided to students, but like any policy it must be monitored and evaluated. To establish the profile, habits and the way these resources are managed, it is necessary to know the degree of financial literacy of the beneficiaries. The financial literacy rate of 211 students (Portuguese-speaking nationals and foreigners, from Unilab campuses, in the interior of Ceará), was calculated, representing 10.5% of the beneficiaries in 2018. Quantitative and descriptive case study. The methodology for constructing the questionnaire and calculating the indexes was based on the OECD/INFE (2018). The possible influences of socioeconomic and demographic variables on literacy were investigated through Automatic Linear Modeling, using all subsets of the possible predictors of the model; after ensuring normality (Shapiro-Wilk) and absence of correlations (Pearson). It was found 0.68 for behavior, 0.41 for attitude and 0.23 for financial knowledge, considered low, especially financial knowledge. The variables that most affected the results were course, religion and age. In conclusion, the study suggests that efforts should be made in continuing financial education programs.

Author Biographies

Sâmia Nagib Maluf, Universidade da Integração Internacional da Lusofonia Afro-Brasileira

Associate Professor, Deputy Director of the Institute of Applied Social Sciences (ICSA), Former Extension Coordinator, Former Area Coordinator and Former Coordinator of the Public Administration Course at the University of International Integration of Afro-Brazilian Lusophony (UNILAB), in Redemption/CE, Brazil. Former Coordinator and Adjunct Professor of the Economic Sciences Course at the Advanced Campus of Sobral/CE, Federal University of Ceará (UFC/CE), Brazil. Post-Doctorate in Administration Sciences at the University of Minho in Braga, Portugal, from September 2014 to August 2015, through the Post Doctoral Program of the fostering institution, in Brazil, of the Coordination for the Improvement of Higher Education Personnel ( CAPES). PhD in Economics from CAEN-UFC, in Fortaleza/CE (2007). Master in Media and Knowledge of Production Engineering from the Federal University of Santa Catarina (UFSC), (2000). Postgraduate in Strategic Management in Marketing from the Federal University of Minas Gerais (UFMG), in Belo Horizonte/MG, Brazil (1993). Bachelor's Degree in Administration with Qualification in Foreign Trade from the Faculty of Management Sciences/UNA, Belo Horizonte/MG, Brazil (1987). Ad Hoc Evaluator at the National Institute of Educational Research - INEP. Author of the book: Administrando o Comércio Exterior do Brasil, published by Edições Aduaneiras, São Paulo. Professional and academic experience in the field of Foreign Trade Administration. Academic experience in economics. Line of research in the area of ​​Government Policies and Planning, Economic Development, public policies, growth and international economy.

Ana Gabrielly Morais Silva, Universidade da Integração Internacional da Lusofonia Afro-Brasileira

Bachelor of Public Administration Course at Unilab.

Scholarship from Funcap under Project PVA879, Notice PROPPG-01/2019 - BICT-FUNCAP (Unilab).

Breno Cândido Cordeiro, Universidade da Integração Internacional da Lusofonia Afro-Brasileira

Volunteer of Project PV879 of Public Notice PROPPG-01/2019 - BICT-FUNCAP (Unilab), Bachelor's Degree in Public Administration Course at Unilab.

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Published

24/07/2021

How to Cite

MALUF, S. N.; SILVA, A. G. M. .; CORDEIRO, B. C. . Financial literacy of lusophone university students: Evidence from a university in the interior of Ceará, Brazil. Research, Society and Development, [S. l.], v. 10, n. 9, p. e20210917527, 2021. DOI: 10.33448/rsd-v10i9.17527. Disponível em: https://rsdjournal.org/index.php/rsd/article/view/17527. Acesso em: 20 sep. 2021.

Issue

Section

Human and Social Sciences