Relationship between parental income and financial literacy level among students

Norlaile Salleh Hudin

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Type :	Article
Subject :	H Social Sciences (General)
ISBN :	2252-8822
Main Author :	Norlaile Salleh Hudin
Title :	Relationship between parental income and financial literacy level among students
Hits :	39

Place of Production :	Tanjung Malim
Publisher :	Fakulti Pengurusan & Ekonomi
Year of Publication :	2024
Notes :	International Journal of Evaluation and Research in Education
Corporate Name :	Universiti Pendidikan Sultan Idris
HTTP Link :	Click to view web link
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Abstract : Universiti Pendidikan Sultan Idris

Financial literacy has become an important element in improving the quality of individual, familial, societal, and national well-being. This study aims to find the relationship between parental income and financial literacy level among students at Universiti Pendidikan Sultan Idris. The research employed a quantitative method using a closed-ended questionnaire to collect the data for the analysis. The research sample was selected using a stratified sampling technique and simple random sampling that consists of 366 undergraduate education students. The result indicates that parental income has a weak and significant positive relationship with financial literacy levels among students. Based on the regression analysis, the father’s income explains about 2.76% of the variance in financial literacy, while the mother’s income explains 10.8% of the variance in financial literacy. The results of this study show that parental income has a relationship with student’s financial literacy level. This finding of this study will help to understand more about the factor that can affect financial literacy. © 2024, Institute of Advanced Engineering and Science. All rights reserved.

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