Abstract
Financial literacy is one of the main skills that adults must acquire in order to make a right financial-decisions throughout their lives. Most of the adults learn and face with financial literacy concepts in their university years. This study analyses the financial literacy level of students in North American University and examines the learning sources of the students. To analyse the level of financial concepts that students are aware of, survey was conducted among different departments of the university, number of total participants are 181. The findings reveal that students know in moderate level basic financial concepts like inflation, interest rates. However, students have almost no awareness about long-term financial planning, investment risks and mortgage structure. Study also found that there are no significant learning sources for students to learn Financial literacy. Study suggests that universities should beside classical lecturing use “Blended Learning” teaching method and cooperate with financial institutions to deeply teach Financial Literacy to the students.
Author Information
Kyialbek Akmoldoev, Ala-Too International University, Kyrgyzstan
Bekmez Selahattin, North American University, United States
Jun Kai Chang, Monash University, Australia
Wooi Keong Yong, Sunway University, Malaysia
Paper Information
Conference: SEACE2025
Stream: Higher education
This paper is part of the SEACE2025 Conference Proceedings (View)
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To cite this article:
Akmoldoev K., Selahattin B., Chang J., & Yong W. (2025) Financial Literacy of Young Adults in Higher Education: Do They Master the Key Concepts? ISSN: 2435-5240 The Southeast Asian Conference on Education 2025: Official Conference Proceedings (pp. 503-511) https://doi.org/10.22492/issn.2435-5240.2025.42
To link to this article: https://doi.org/10.22492/issn.2435-5240.2025.42
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