The Evolution of University Students’ Financial Attitudes and Their Role in the Sustainability of Personal Finances

Zoltán Zéman, Botond Géza Kálmán (), Judit Bárczi and László Pataki
Additional contact information
Zoltán Zéman: Faculty of Economics and Business, John von Neumann University, 6000 Kecskemét, Hungary
Botond Géza Kálmán: Institute of Economics, Faculty of Business, Communication and Tourism, Budapest Metropolitan University of Applied Sciences (MET/ÜKT GTI), 1148 Budapest, Hungary
Judit Bárczi: Faculty of Economics and Business, John von Neumann University, 6000 Kecskemét, Hungary
László Pataki: Faculty of Economics and Business, John von Neumann University, 6000 Kecskemét, Hungary

Sustainability, 2023, vol. 15, issue 8, 1-17

Abstract: The purpose of this study is to examine the question of how crises influence the decision-making of Hungarian university students. Crises increase the risk of sustainability, so it is crucial to make appropriate financial decisions in such a situation. For this purpose, the authors conducted a two-stage questionnaire survey among students of economics and other majors. The inquiries took place in 2019 ( n = 1558) and 2020 ( n = 1712). A regression study was used to analyse the evolution of financial attitudes and investment knowledge, as well as how they are affected by a potential crisis modelled with the COVID-19 pandemic. It has been shown that interest in financial matters increases as a result of the crisis and the level of financial knowledge also increases. However, the most important conclusion of the study is that, in the event of a high threat, knowledge and practice can only be combined with calm thinking to help make appropriate financial decisions. All of this together ensures that investment decisions are the basis for the sustainability of personal finances.

Keywords: financial decision; economic crisis; university students; sustainable personal finances (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/8/6385/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/8/6385/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:8:p:6385-:d:1118641

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().