Defining the Predictors of Financial Literacy for High-School Students

Vasiliki A. Tzora ()
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Vasiliki A. Tzora: Department of Business Administration, University of Piraeus, 18534 Piraeus, Greece

JRFM, 2025, vol. 18, issue 2, 1-18

Abstract: This work documents the significant predictors of financial literacy of high-school students across Greece. The results derived, from the examined aspects of financial knowledge, financial behaviour, and financial attitude, the determinants of financial literacy that high-school students demonstrated. A novel approach whereby a canonical analysis is applied to financial literacy data. The findings reveal that better-performing students, students with parents with a university degree, students’ perception of parents’ income, and students who keep records of their income and expenses are significant predictors of financial literacy. The results of this analysis should be considered when building financial education initiatives to embrace the young generation.

Keywords: financial literacy; financial knowledge; financial behaviour; financial attitude; financial wellbeing; 15-year-old students (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2025
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