Understanding the financial literacy of undergraduate students at Thai universities
35
Issued Date
2022-01-01
Resource Type
ISSN
08963568
eISSN
15470644
Scopus ID
2-s2.0-85113852232
Journal Title
Journal of Business and Finance Librarianship
Volume
27
Issue
2
Start Page
67
End Page
80
Rights Holder(s)
SCOPUS
Bibliographic Citation
Journal of Business and Finance Librarianship Vol.27 No.2 (2022) , 67-80
Suggested Citation
Channak A., Chai-Aroon T., Jiawiwatkul U., Lertwatchara K. Understanding the financial literacy of undergraduate students at Thai universities. Journal of Business and Finance Librarianship Vol.27 No.2 (2022) , 67-80. 80. doi:10.1080/08963568.2021.1970943 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/84023
Title
Understanding the financial literacy of undergraduate students at Thai universities
Author(s)
Author's Affiliation
Other Contributor(s)
Abstract
This paper explores the financial literacy of undergraduate students at Thai universities. Four hundred questionnaires were distributed to undergraduate students based on systematic random sampling and the results were analyzed by descriptive statistics. The participants knew about simple interest, basic savings, investment risk, and inflation but were confused about compound interest. Most had no savings and had faced financial problems during the last 6–12 months. They were also happier with spending than saving. Owing to such financial illiteracy, educational courses that include financial concepts and skills must be offered to improve students’ financial attitude and behavior.