An Analysis of the Financial Literacy of Senior Students Across Fields of Study at the University of Mississippi

Burrow, Robert Hollis (2017) An Analysis of the Financial Literacy of Senior Students Across Fields of Study at the University of Mississippi. Undergraduate thesis, under the direction of Bonnie Van Ness from Finance, The University of Mississippi.

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Abstract

This thesis examines the financial literacy of senior students at the University of Mississippi, as well as which variables influence a student’s financial literacy level. Financial literacy is crucial for both an individual’s current and long-term well-being and financial health. Students in various major fields of study participated in a multiple-choice survey, including demographic, socioeconomic, and financial literacy questions. The student’s answers were analyzed using univariate analyses, an ordinary least squares stepwise regression, and a logistic stepwise regression. The study found that the average student score of 2.75 out of five financial literacy questions was comparable to the national average of 2.9 out of five financial literacy questions. Six key variables were found to influence financial literacy: gender, ethnicity, being enrolled in a business-related field of study, father’s education level, parental income level, and actively planning for retirement.

Item Type: Thesis (Undergraduate)
Creators: Burrow, Robert Hollis
Student's Degree Program(s): B.B.A. Managerial Finance
Thesis Advisor: Bonnie Van Ness
Thesis Advisor's Department: Finance
Institution: The University of Mississippi
Subjects: H Social Sciences > HG Finance
Depositing User: Unnamed user with email rhburrow@go.olemiss.edu
Date Deposited: 11 May 2017 17:11
Last Modified: 11 May 2017 17:11
URI: http://thesis.honors.olemiss.edu/id/eprint/831

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