The effects of economic rationality, currency perception, and money attitudes of working youth on financial management competencies

Authors : Adem ÖZBEK

Pages : 48-58

Doi:10.24289/ijsser.1195142

View : 22 | Download : 18

Publication Date : 2023-03-31

Article Type : Research Paper

Abstract :The prominence of past financial activities in the future planning of economic units is quite high. Numerous environmental factors play a role in the financial management skills of households, which are the economy\`s building blocks. Individuals acquire economic competencies by experiencing, understanding, and observing these environmental factors. Particularly, individuals within the age range of 8-17 assume importance in acquiring these competencies. In the study to determine the impact of economic rationality, currency perception, and money attitudes of 132 young participants within the age group of 8-17 working in Fatih Industry, Büyük Industry, Bağkur Industry, Akçaabat Industry, Arsin Organized Industry, and Yomra Furniture Industry sites in Trabzon, on financial management competencies. As a result of the analysis, it was observed that the economic rationality, currency perception, and money attitudes of employed young individuals impact their financial management competencies.
Keywords : Currency perception, Money attitudes, Economic rationality, Young workers, Financial management