Differences in Black Generation Y Students’ Attitudes Towards Personal Financial Planning and Perceived Financial-Management Skills Based on Selected Demographic Factors
Journal Title: Polish Journal of Management Studies - Year 2019, Vol 19, Issue 2
Abstract
Personal financial planning and financial-management skills are effective interventions to help guarantee a fruitful and stable financial future. As such, the purpose of this study was to investigate differences in South African black Generation Y students’ attitudes towards personal financial planning and their perceived financial-management skills in terms of selected demographic factors. A descriptive research design was followed in this study. Self-administered survey questionnaires were used to collect the necessary data from a convenience sample of 385 black Generation Y students enrolled at two public South African university campuses based in the Gauteng province. Data analysis included descriptive statistics, reliability analysis, Pearson’s product-moment correlation analysis, multicollinearity analysis and one-way analysis of variance (ANOVA). While the results of the study indicate that there was no statistically significant difference between year of study and black Generation Y students’ attitudes towards personal financial planning and their perceived financial-management skills, a statistically significant difference was found between the students’ field of study and their attitudes towards personal financial planning, as well as between source of income and their perceived financial-management skills.<br/><br/>
Authors and Affiliations
Marko van Deventer
Keywords
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- EP ID EP600015
- DOI 10.17512/pjms.2019.19.2.36
- Views 84
- Downloads 0
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