Factor Affecting for Personal Financial Literacy of Undergraduates

Sudarma Priyadarshani and J.A. Prasansha Kumari
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Sudarma Priyadarshani: Department of Eonomics, University of Kelaniya, Sri Lanka
J.A. Prasansha Kumari: Senior Lecturer, Department of Economics, University of Kelaniya, Sri Lanka

International Journal of Research and Innovation in Social Science, 2021, vol. 5, issue 5, 208-215

Abstract: Financial literacy has become an important concepts in the modern global economy. Because of globalization all countries and nations can be deal with each other easily. Having good knowledge about financial concepts is essential to deal with each other in the present economy. The study intends to examine the factors effect on personal financial literacy in Sri Lanka. Data were collected using questionnaire from 125 undergraduate students of five different faculties in University of Kelaniya, Sri Lanka. The study finding reveals that total financial literacy of undergraduates is low. There is a strong positive relationship only between parents’ education level and personal financial literacy.

Date: 2021
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