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Financial literacy and student attitudes to debt: A cross national study examining the influence of gender on personal finance concepts

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  • Agnew, Steve
  • Harrison, Neil
Abstract
This study found a similar result in samples of university students from England and New Zealand to other countries, that males outperform females on financial literacy quizzes. While males outperformed females on a simple compound interest question in both countries, both genders in New Zealand outperformed their English counterparts on questions relating to credit card interest, income tax rates and a more complex compound interest question. Attitudes to student debt were then compared between the two countries, where it was found that among the English sample, females were less likely to see the future benefits of higher education than their male counterparts. These findings will be of particular interest to those providing products and courses in the personal finance sector.

Suggested Citation

  • Agnew, Steve & Harrison, Neil, 2015. "Financial literacy and student attitudes to debt: A cross national study examining the influence of gender on personal finance concepts," Journal of Retailing and Consumer Services, Elsevier, vol. 25(C), pages 122-129.
    • Handle: RePEc:eee:joreco:v:25:y:2015:i:c:p:122-129
    DOI: 10.1016/j.jretconser.2015.04.006
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    References listed on IDEAS

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    Cited by:

    1. Panayiotis C. Andreou & Sofia Anyfantaki, 2019. "Financial literacy and its influence on consumers’ internet banking behaviour," Working Papers 275, Bank of Greece.
    2. Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
    3. Maria C. Pereira & Filipe Coelho, 2020. "Regulatory Focus, Money Attitudes and Financial Literacy: Evidence from Portuguese Young Adults," Journal of Family and Economic Issues, Springer, vol. 41(4), pages 615-625, December.
    4. Raquel Fonseca & Simon Lord, 2020. "Canadian Gender Gap in Financial Literacy: Confidence Matters," Hacienda Pública Española / Review of Public Economics, IEF, vol. 235(4), pages 153-182, December.
    5. repec:mth:ijafr8:v:8:y:2018:i:4:p:533-554 is not listed on IDEAS
    6. Thomas Meissner & David Albrecht, 2022. "Debt Aversion: Theory and Measurement," Papers 2207.07538, arXiv.org, revised Jul 2022.
    7. Andreou, Panayiotis C. & Anyfantaki, Sofia, 2021. "Financial literacy and its influence on internet banking behavior," European Management Journal, Elsevier, vol. 39(5), pages 658-674.
    8. Amaral, Christopher & Kolsarici, Ceren, 2020. "The financial advice puzzle: The role of consumer heterogeneity in the advisor choice," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
    9. Mahendru, Mandeep & Sharma, Gagan Deep & Pereira, Vijay & Gupta, Mansi & Mundi, Hardeep Singh, 2022. "Is it all about money honey? Analyzing and mapping financial well-being research and identifying future research agenda," Journal of Business Research, Elsevier, vol. 150(C), pages 417-436.
    10. Rodrigues, Luís Filipe & Oliveira, Abílio & Rodrigues, Helena & Costa, Carlos J., 2019. "Assessing consumer literacy on financial complex products," Journal of Behavioral and Experimental Finance, Elsevier, vol. 22(C), pages 93-104.
    11. Stephen Agnew & Trudi Cameron-Agnew, 2015. "The Influence of Gender and Household Culture on Financial Literacy Knowledge; Attitudes and Behaviour," Journal of Financial Management, Markets and Institutions, Società editrice il Mulino, issue 1, pages 31-50, June.

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