Saudi Journal of Business and Management Studies (SJBMS)
Volume-2 | Issue-03 | 198-214
Review Article
Knowledge regarding the financial topics of expense and credit, savings and investment and money management: an empirical study of high-school students in Veracruz MEXICO
Alejandra, Contreras-Rodríguez, Arturo, García-Santillán, Carlos, Rojas-Kramer, Jésica J., RamosHernández
Published : March 30, 2017
Abstract
The aim of this paper is focused in measure the level of knowledge they have high school students about
financial topics such as: spending and credit, savings and investment and money management. The participants were 368
students of different high schools in three municipalities of the State of Veracruz, México who were selected from of the
stratified sample. The questionnaire is a scale that includes 31 items of multiple choices in the form of cases where there
is only one correct answer of the total four options. The instrument showed acceptable Chronbach alpha reliability and
internal consistency (> 0.7). The results lead us to think that there is a lack of knowledge about the usefulness of
pensions, the issues related to insurance, the impact of inflation on salaries of people workers, even an interesting fact is
that although it was known that there is a knowledge about the basic channels of saving, they denote lack of knowledge
towards the investment instruments, especially those that by their nature are associated with the capital markets.