Predicting Credit and Insurance Literacy in Undergraduate Students: A Survey
Open Access
Author:
Pressman, Alexander Joseph
Area of Honors:
Risk Management
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
David Arthur Cather, Thesis Supervisor David Arthur Cather, Thesis Honors Advisor Lisa Lipowski Posey, Faculty Reader
Keywords:
Financial Literacy Credit Literacy Insurance Literacy Financial Literacy in College Students Credit Literacy in College Students Insurance Literacy in College Students Credit Based Insurance Scores Literature Review Credit Scores Insurance Pricing
Abstract:
This thesis examines financial literacy among young adults. Based on a review of the pertinent personal finance literature, it surveys the historical information on demographics and variables impacting financial literacy in undergraduate college students to predict theoretical credit and insurance literacy in that student population. The study focused on three of the most significant variable areas informed by prior research to base hypotheses: gender, socialization attributable to parental influences (i.e. factors affecting the process of learning about finances, often influenced by parents at an early age), and age/class rank. Based on our research, we concluded that gender, socialization/parents, and age/class rank would all likely retain significance in predicting financial literacy level when applied to credit and insurance literacy.
