Youth financial literacy of business administration students of UM Peñaplata College

Abstract

The study aimed was to assess the level of youth financial literacy of business administration students of UM Peñaplata College. This study used a quantitative research method with descriptive-comparative approach to further examine the level of youth financial literacy of the students. In addition, a random sampling technique was used to identify the research respondents to avoid manipulation and biases. Thus, mean T-test and ANOVA were the statistical tools used in the study. To gather the necessary data, an adapted questionnaire was used to address the research objectives. This questionnaire was validated and approved by the experts. Moreover, results shows that students form Bachelor of Science in Business Administration attained a moderate level of financial literacy. On the other hand, gender has no significant difference on student's level of financial literacy. Meanwhile, student's year level revealed a significant difference in their level of financial literacy. Furthermore, the findings of this study suggest prioritizing teachings and programs related to finances to enhance and improve the students' financial skills which is applicable in real-life contexts.