Students' Financial Literacy: Digital Financial Literacy Perspective

Nurhazrina Mat Rahim ()
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Nurhazrina Mat Rahim: Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, 42300 Bandar Puncak Alam, Selangor, Malaysia Author-2-Name: Norli Ali Author-2-Workplace-Name: Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, 42300 Bandar Puncak Alam, Selangor, Malaysia Author-3-Name: Mohd Fairuz Adnan Author-3-Workplace-Name: Faculty of Accountancy, Universiti Teknologi MARA, Cawangan Selangor, Kampus Puncak Alam, 42300 Bandar Puncak Alam, Selangor, Malaysia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:

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Abstract: " Objective - This study aims to assess students' financial literacy levels using digital financial literacy (DFL), the most recent element. Methodology – Students who are based in Selangor, Malaysia, were chosen for this study as they recorded a high rate of youth bankruptcy. Convenience sampling was used to distribute the questionnaires among the students between March and August of 2021, where a total of 184 responses were retrieved. Findings and Novelty – The results indicated that students possessed advanced financial knowledge and confidence. Despite the extensive experience in completing online financial transactions, the students lack digital financial knowledge and an understanding of the risks associated with digital financial services. Therefore, including DFL in financial education is essential to ensuring future generations' financial well-being. This study also adds to the limited literature on financial digital literacy and serves as an eye-opener to policymakers on its importance in financial education. Type of Paper - Empirical"

Keywords: Financial literacy; financial confidence; Digital financial literacy; Digital financial knowledge; Students (search for similar items in EconPapers)
JEL-codes: I22 M29 O16 (search for similar items in EconPapers)
Pages: 8
Date: 2022-03-31
New Economics Papers: this item is included in nep-ban, nep-fle, nep-pay and nep-sea
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Citations: View citations in EconPapers (1)

Published in Journal of Finance and Banking Review, Volume 6, Issue 4

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Persistent link: https://EconPapers.repec.org/RePEc:gtr:gatrjs:jfbr195

DOI: 10.35609/jfbr.2022.6.4(2)

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