The relationship of youth financial literacy with family communication patterns
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/40451 |
Resumo: | Improving the levels of financial literacy has been a strong topic on the agenda of governments, financial institutions, and schools. In an attempt to increase such levels, the focus has been on education, however research on this topic has provided mixed results, indicating that other relevant factors that may impact financial literacy need further exploration. This dissertation aims to study the relationship of family communication patterns with youth financial literacy as a means to understand if parental communication can be intervened to influence better financial decision-making. I hypothesize that conversation orientation will have a positive impact on the financial literacy test and that conformity orientation will have a negative impact. Additionally, I propose that children from the high conversation and low conformity orientations will be the best performing while low conversation and high conformity orientations will be the lower performers. The research was conducted in partnership with two schools where a survey was deployed among 9th-grade students. Results show that children from families with higher levels of conversation or conformity had higher performance on the financial literacy test, when including an interaction term of conversation and conformity in the analysis. Regarding the interaction of the two dimensions, the only significant difference was that children with high levels of conversation and low conformity (i.e., pluralistic families) outperformed those at low levels of conversation and high conformity (i.e., laissez-faire). This dissertation concludes that both conversation and conformity orientation positively relate to financial literacy and the interaction of these variables is still inconclusive. |
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The relationship of youth financial literacy with family communication patternsYouth financial literacyFinancial behaviorFinancial knowledgeFinancial decision makingFamily financial socializationFamily communication patternsLiteracia financeira infantilComportamento financeiroConhecimento financeiroTomada de decisão financeiraSocialização financeira na famíliaPadrões de comunicação na famíliaDomínio/Área Científica::Ciências Sociais::Economia e GestãoImproving the levels of financial literacy has been a strong topic on the agenda of governments, financial institutions, and schools. In an attempt to increase such levels, the focus has been on education, however research on this topic has provided mixed results, indicating that other relevant factors that may impact financial literacy need further exploration. This dissertation aims to study the relationship of family communication patterns with youth financial literacy as a means to understand if parental communication can be intervened to influence better financial decision-making. I hypothesize that conversation orientation will have a positive impact on the financial literacy test and that conformity orientation will have a negative impact. Additionally, I propose that children from the high conversation and low conformity orientations will be the best performing while low conversation and high conformity orientations will be the lower performers. The research was conducted in partnership with two schools where a survey was deployed among 9th-grade students. Results show that children from families with higher levels of conversation or conformity had higher performance on the financial literacy test, when including an interaction term of conversation and conformity in the analysis. Regarding the interaction of the two dimensions, the only significant difference was that children with high levels of conversation and low conformity (i.e., pluralistic families) outperformed those at low levels of conversation and high conformity (i.e., laissez-faire). This dissertation concludes that both conversation and conformity orientation positively relate to financial literacy and the interaction of these variables is still inconclusive.Melhorar os níveis de literacia financeira tem sido um tópico relevante nas agendas de governos, instituições financeiras e escolas. Na tentativa de melhorar esses mesmos níveis, o foco tem sido a educação. Contudo, pesquisa sobre este tópico tem demonstrado resultados ambíguos, sugerindo que haverá outros fatores que impactam a literacia financeira e que necessitam de investigação adicional. Esta tese tem como objetivo estudar a relação dos padrões de comunicação na família com a literacia financeira em crianças, de maneira a entender se a comunicação parental pode ser estimulada de forma a melhorar as tomadas de decisão financeiras. É conjeturado que a orientação de conversação terá um impacto positivo no teste de literacia financeira e que a orientação de conformidade terá um impacto negativo. Adicionalmente, proponho que crianças de famílias com alta conversação e baixa conformidade obterão os melhores resultados e que, ao invés, as de baixa conversação e alta conformidade obterão a performance mais baixa. A pesquisa foi realizada em parceria com duas escolas onde o questionário foi distribuído a alunos do 9º ano. Os resultados exibem que crianças de famílias com altos níveis de conversação, ou conformidade tiveram melhores resultados, quando incluindo a interação entre conversação e conformidade. A única diferença significativa foi relativamente a crianças com níveis de alta conversação e baixa conformidade, que superaram os resultados das crianças com baixa conversação e alta conformidade. Esta dissertação conclui que tanto a conversação como a conformidade impactaram positivamente a literacia financeira e que a interação destas variáveis é inconclusiva.Mendonça, CristinaVeritati - Repositório Institucional da Universidade Católica PortuguesaPereira, Rita Fernandes Neves2023-06-01T00:30:23Z2022-06-302022-062022-06-30T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/40451TID:203133200enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:45:57Zoai:repositorio.ucp.pt:10400.14/40451Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:33:11.246407Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The relationship of youth financial literacy with family communication patterns |
title |
The relationship of youth financial literacy with family communication patterns |
spellingShingle |
The relationship of youth financial literacy with family communication patterns Pereira, Rita Fernandes Neves Youth financial literacy Financial behavior Financial knowledge Financial decision making Family financial socialization Family communication patterns Literacia financeira infantil Comportamento financeiro Conhecimento financeiro Tomada de decisão financeira Socialização financeira na família Padrões de comunicação na família Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The relationship of youth financial literacy with family communication patterns |
title_full |
The relationship of youth financial literacy with family communication patterns |
title_fullStr |
The relationship of youth financial literacy with family communication patterns |
title_full_unstemmed |
The relationship of youth financial literacy with family communication patterns |
title_sort |
The relationship of youth financial literacy with family communication patterns |
author |
Pereira, Rita Fernandes Neves |
author_facet |
Pereira, Rita Fernandes Neves |
author_role |
author |
dc.contributor.none.fl_str_mv |
Mendonça, Cristina Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Pereira, Rita Fernandes Neves |
dc.subject.por.fl_str_mv |
Youth financial literacy Financial behavior Financial knowledge Financial decision making Family financial socialization Family communication patterns Literacia financeira infantil Comportamento financeiro Conhecimento financeiro Tomada de decisão financeira Socialização financeira na família Padrões de comunicação na família Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Youth financial literacy Financial behavior Financial knowledge Financial decision making Family financial socialization Family communication patterns Literacia financeira infantil Comportamento financeiro Conhecimento financeiro Tomada de decisão financeira Socialização financeira na família Padrões de comunicação na família Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Improving the levels of financial literacy has been a strong topic on the agenda of governments, financial institutions, and schools. In an attempt to increase such levels, the focus has been on education, however research on this topic has provided mixed results, indicating that other relevant factors that may impact financial literacy need further exploration. This dissertation aims to study the relationship of family communication patterns with youth financial literacy as a means to understand if parental communication can be intervened to influence better financial decision-making. I hypothesize that conversation orientation will have a positive impact on the financial literacy test and that conformity orientation will have a negative impact. Additionally, I propose that children from the high conversation and low conformity orientations will be the best performing while low conversation and high conformity orientations will be the lower performers. The research was conducted in partnership with two schools where a survey was deployed among 9th-grade students. Results show that children from families with higher levels of conversation or conformity had higher performance on the financial literacy test, when including an interaction term of conversation and conformity in the analysis. Regarding the interaction of the two dimensions, the only significant difference was that children with high levels of conversation and low conformity (i.e., pluralistic families) outperformed those at low levels of conversation and high conformity (i.e., laissez-faire). This dissertation concludes that both conversation and conformity orientation positively relate to financial literacy and the interaction of these variables is still inconclusive. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-06-30 2022-06 2022-06-30T00:00:00Z 2023-06-01T00:30:23Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
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masterThesis |
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publishedVersion |
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http://hdl.handle.net/10400.14/40451 TID:203133200 |
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TID:203133200 |
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eng |
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openAccess |
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application/pdf |
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