Differences in Black Generation Y Students’ Attitudes Towards Personal Financial Planning and Perceived Financial-Management Skills Based on Selected Demographic Factors
Journal Title: Polish Journal of Management Studies - Year 2019, Vol 19, Issue 2
Abstract
Personal financial planning and financial-management skills are effective interventions to help guarantee a fruitful and stable financial future. As such, the purpose of this study was to investigate differences in South African black Generation Y students’ attitudes towards personal financial planning and their perceived financial-management skills in terms of selected demographic factors. A descriptive research design was followed in this study. Self-administered survey questionnaires were used to collect the necessary data from a convenience sample of 385 black Generation Y students enrolled at two public South African university campuses based in the Gauteng province. Data analysis included descriptive statistics, reliability analysis, Pearson’s product-moment correlation analysis, multicollinearity analysis and one-way analysis of variance (ANOVA). While the results of the study indicate that there was no statistically significant difference between year of study and black Generation Y students’ attitudes towards personal financial planning and their perceived financial-management skills, a statistically significant difference was found between the students’ field of study and their attitudes towards personal financial planning, as well as between source of income and their perceived financial-management skills.<br/><br/>
Authors and Affiliations
Marko van Deventer
Keywords
Related Articles
- EP ID EP600015
- DOI 10.17512/pjms.2019.19.2.36
- Views 73
- Downloads 0
THE CHANGING ROLE OF GOING CONCERN ASSUMPTION SUPPORTING MANAGEMENT DECISIONS AFTER FINANCIAL CRISIS
The Going Concern Assumption (GCA) is one of the basic conditions to economic expansion and stability both national and companies level. In times of economic and financial crises, therefore, the emphasis of management de...
Editorial_volume_12_1
Editorial_volume_12_1<br/><br/>
NATIONAL CULTURE AS MODALITY IN MANAGING THE CARBON ECONOMY IN SOUTHEAST ASIA
A new approach to alleviating terrestrial emissions related to climate change called ‘REDD+' (Reducing Emissions from Deforestation and forest Degradation) or recently known as carbon economy has been familiarized all ov...
COMMUNITY INVOLVEMENT INTO INCIDENT MANAGEMENT STRUCTURE: LITHUANIAN AND UKRAINIAN CASE STUDY
The experience of different countries demonstrates that community involvement in response phase of disaster management actions increase the resources of authorities and allow to eliminate consequences with lower costs as...
A THEORETICAL APPROACH TO THE JOB SATISFACTION
Job satisfaction is on the top of the important targets for an establishment which is in the process of total quality. Because, the provision of total quality, first of all, is based on the sincere commitment to work of...