SHS Web Conf.
Volume 129, 2021The 21st International Scientific Conference Globalization and its Socio-Economic Consequences 2021
|Number of page(s)||7|
|Section||Behavioral Economics and Decision-Making|
|Published online||16 December 2021|
Saving and management of income as part of financial literacy in today´s globalized world
Czech University of Life Sciences in Prague, Faculty of Economics and Management, Department of Economics, Kamýcká 129, Prague, 165 21, Czech Republic
* Corresponding author: firstname.lastname@example.org
Research background: The role of knowledge and information in today's globalized world is growing. In today's globalized world, moreover, under the influence of the COVID-19 pandemic, financial management is crucial.
Purpose of the article: The aim of the presented article is to evaluate financial literacy with a focus on saving part of income as a reserve amongst the young university students.
Methods: Primary data were obtained by a quantitative research using a questionnaire survey (n = 1 437) in 2018 amongst full time bachelor and master degree students at three selected universities. Selected universities are focus on economy and agriculture and each of them is from another region of the Czech Republic. In the analytical part of article was used testing of statistical hypotheses.
Findings & Value added: The attitude of the respondents was examined by asking whether they store a part of their income as a reserve in case of an unforeseen situation, i.e., whether they form a kind of financial reserve. Of the total number of respondents, 76.83% (1,104) declared that they saved part of their income for unforeseen situations or for other needs. Other respondents, 23.17% (333), stated that they do not create such a reserve. Statistical evaluation proved a dependence between the sex of respondents and the responses mentioned above (the structure of the responses in relation to the gender of the respondents shows that more than half of those who answered that they save part of their income as a reserve are women).
Key words: globalized world / income / saving / student / university
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.