DIFFERENCES IN FINANCIAL LITERACY IN TERMS OF GENDER IN TURKEY

Feride HAYIRSEVER BAŞTÜRK, Serap KAMIŞLI, Arif DAMAR
2018 UHBAB International Refereed Journal of Humanities and Academic Sciences  
Aim: The result has emerged from that financial literacy is an important subject for individuals to make financial decisions after the financial crises. There are many different definitions in the literature on the scope of financial literacy. In this study, big three questions that take financial literacy as basic financial concept knowledge and ability to make simple calculations and the correct answers given to these questions are used. In the survey, the question "is there any difference
more » ... e any difference about the basic financial literacy levels among the students in terms of gender?" Method: The study is an empirical research. As a data collection tool surveys were used and 819 valid surveys were obtained. Population of this research consists of the students at Bilecik Seyh Edebali University located in Bilecik. Chi square analysis was used to detect the differences in the financial literacy levels of the students who participated in the research in terms of gender. Result: In our study, 51.34% of male participants and 32.81% of female participants responded correctly to the initial two questions. All three questions answered correctly by 32.51% of men and 20.31% of women. Conclusion: In this context, when the basic levels of financial issues such as the time value of money, inflation and diversification are examined, it is concluded that male participants are more informed than female participants. When the financial literacy levels of participants at the first and last year level were examined, there was no statistically significant difference between the students in terms of financial literacy levels.
doi:10.17368/uhbab.2018.1.2 fatcat:sfwnnk7wpnci7l6rxmlhyg7gpa