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Do our children know anything about money? An exploratory study

B. de Clercq (Department of Taxation, University of South Africa)

Meditari Accountancy Research

ISSN: 1022-2529

Publication date: 1 April 2009

Abstract

South Africans, like many people worldwide, need to save more and spend less. The question arises why people do not save enough for their retirement and other financial needs. In this exploratory study, age, gender and the amount of pocket money that learners receive were evaluated to determine their impact on the level of learners’ financial literacy. The author concluded that of the three variables evaluated, only age has a significant effect on the level of learners’ financial literacy.

Keywords

  • Education
  • Financial knowledge
  • Financial literacy
  • Financial skills and competence
  • Financial responsibility
  • Level of income

Citation

de Clercq, B. (2009), "Do our children know anything about money? An exploratory study", Meditari Accountancy Research, Vol. 17 No. 1, pp. 1-13. https://doi.org/10.1108/10222529200900001

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2009, Emerald Group Publishing Limited

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