Financial education for children has drawn considerable attention and has recently been advocated in schools; however, its impact still needs to be examined with a more comprehensive evaluation framework. This study carries out a paired-design experiment to evaluate the effectiveness of the Aflatoun Child Social & Financial Education program,…

There is a growing awareness of the importance of financial management skills. However, few studies have systematically examined this topic in China's current higher education (HE) system. In this study, we examine whether enrolling in a finance-related program, either as a degree program or as an elective, improves students' financial literacy…

Financial literacy is a competence that extends to many aspects of everyday life. The Great Recession has recently highlighted its relevance and the importance of financial literacy training in the school curricula. The authors use PISA 2015 data to investigate the link between financial education and young people's financial literacy across 15…

There is a growing awareness of the importance of financial education and literacy in personal economic success, yet not many Generation Z are proficient in this area. The lack of understanding can lead to consequences such as not recognizing the need for greater retirement savings, making poor spending decisions, or when overpaying off…

Financial literacy scales are often used as a diagnostic tool to assess financial knowledge levels among various populations, although few of them have undergone empirical testing. This study utilized exploratory factor analysis (EFA) with a sample of Chinese rural migrant workers to identify the underlying structure of a financial literacy scale…

Purpose: This study uses data from the 2019 China Institute for Educational Finance Research Household Survey to investigate expenditure on children's education in China. Design/Approach/Methods: Using descriptive and regression analysis, this study analyzes the level and structure of household expenditure on children's education, the associated…

With rapid economic development, financial literacy plays an increasingly important role in helping individuals navigate the complexities of modern financial systems and products. The importance of financial literacy is particularly pronounced in China, one of the largest economies in the world, especially for university students who are…

The "campus loans" crisis has highlighted the importance of financial literacy among Chinese college students. Based on an analysis of 2,266 valid questionnaires, this study utilized survey data and logistic regression to examine the correlations between demographic and behavioral factors and financial literacy among students. The…

Research on financial literacy has focused on the influence of teachers and parents in financial literacy education, which mediates the impact on students' financial behaviour. Much less attention has been given to the influence of traditional Chinese hierarchical culture on a child's identity as a student. This paper applies Lee's (2017) theory…

This study investigates how the affordability of 4-year public higher-education tuition in China changed during the massification period. To conduct an in-depth analysis, this paper examines a wide range of data from the National Bureau of Statistics and adopts a series of measurement indicators, including average tuition as a percentage of…

This study investigated the relationship between retirement saving needs estimation and the amount of self-reported private retirement savings amassed by working-age adults in Hong Kong, China, by focusing on the mediating role of retirement saving needs estimation between retirement goal clarity and the amount of private retirement savings. Based…

Credit cards have become a common method of payment for college students in China. It is important that they form good credit card usage behaviors and build a good credit history early in their financial life. Using data collected from 10 universities in China, results of this study found that being financially dependent on their parents is…

Different from the objective risk of self-financed study-abroad behavior, the perceived risk thereof is the basis for individuals to assess the educational consumption risk from their own points of view. The perceived risk in self-financed study-abroad behavior falls into seven aspects, i.e., economic risk, functional risk, completion risk,…

This analysis compares 15-year-old students who reported career expectations in finance in 13 education systems that participated in the financial literacy assessment of the 2015 Program for International Student Assessment (PISA). In particular, it explores (a) selected demographic characteristics of students who expected to have a career in…

This brief compares 15-year-old students who reported career expectations in finance in 13 education systems that participated in the financial literacy assessment of the 2015 Program for International Student Assessment (PISA). It explores selected demographic characteristics of these students and the association between students' finance career…