Abstract:

The purposes of the study are; to determine the level of financial literacy among university students, to find out the relationship between financial literacy and student characteristics, and to provide an information resource that may assist with the development of strategies to improve financial literacy among university students. In this study, a survey instrument which includes 29 items that measure constructs such as saving and spending, banking, risk and insurance, investing, and general financial knowledge levels of the participants was administered to 1,127 students from three universities. The results were analyzed based on gender, field of study, type of residence, class rank, work status, parents’ education, and the school of student. The relationship between financial literacy and demographic characteristics of the students were examined by employing analysis of variance and logistic regression analyses. Significant relationships were found between financial literacy and student characteristics.

Keywords: