Determining The Level of Financial Literacy Among Secondary School Students: The Case of Sakarya Province

Auteurs

DOI :

https://doi.org/10.5281/zenodo.20573576

Mots-clés :

Financial Literacy, Financial Literacy Education, Secondary Education

Résumé

The aim of this study is to determine the financial literacy level of secondary school students attending different types of secondary schools and to compare it with the financial literacy levels of secondary school students studying in the accounting and finance department. To this end, data were collected from 431 participants in secondary education institutions in four central districts of Sakarya Province, namely Adapazarı, Arifiye, Erenler, and Serdivan, during the second semester of the 2022-2023 academic year using a questionnaire method. The data were analysed using the SPSS 25.0 programme. The analyses revealed that secondary school students studying accounting and finance did not show a significant difference in terms of financial knowledge, financial attitudes, and financial behaviour compared to students studying in other school types. Furthermore, it was observed that the participants' levels of financial knowledge and financial attitudes were higher than their levels of financial behaviour. These results indicate that the participants were unable to translate their financial knowledge and positive financial attitudes into financial behaviour. 

Références

Adesina, F., Carnaghan, C., & Smith, J. (2025). The Relationship Between Financial Education in Young Adults and Financial Literacy: A Review of the Literature in Canada and the United States. Accounting Perspectives, 24(1), 47-78. https://doi.org/10.1111/1911-3838.12366

Ahmed, H. N. (2023). How effective is board gamification, using nudging principles, in promoting financial literacy among children?. Bulletin of Business and Economics (BBE), 12(2), 302-307.https://doi.org/10.61506/01.00003

Amagir, A., Groot, W., Maassen van den Brink, H., & Wilschut, A. (2018). A review of financial-literacy education programmes for children and adolescents. Citizenship, Social and Economics Education, 17(1), 56-80. https://doi.org/10.1177/2047173417719555

Arceo-Gómez, E. O., & Villagómez, F. A. (2017). Financial literacy among Mexican high school teenagers. International Review of Economics Education, 24(C), 1–17. https://doi.org/10.1016/j.iree.2016.10.001

Bodie, Z. (2006). A note on economic principles and financial literacy. Networks Financial Institute, At Indiana State University, Policy Brief, No. PB-07,1-5. http://dx.doi.org/10.2139/ssrn.923561

Bruhn, M., Leão, L. S., Legovini, A., Marchetti, R., & Zia, B. (2013). The impact of high school financial education: experimental evidence from Brazil. Policy Research Working Paper Series 6723, The World Bank.

Butters, R. B., Asarta, C. J., & McCoy, S. (2012). Financial literacy and gender in US high schools. Journal of Economics and Finance Education, 11(2), 142–149.

Cameron, M., Calderwood, R., Cox, A., Lim, S., & Yamaoka, M. (2014). Factors associated with financial literacy among high school students in New Zealand. International Review of Economics Education, 16((Pt A)), 12–21. https://doi.org/10.1016/j.iree.2014.07.006

Carlin, B. I. and Robinson, D. T. (2012). What does financial literacy training teach us? The Journal of Economic Education, 43(3), 235–247. https://doi.org/10.1080/00220485.2012.686385

Chen, H. and Volpe, R. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11, 289–307.

Cude, B., Lawrence, F., & Lyons, A. (2006). College students and financial literacy: What they know and what we need to learn. Eastern Family Economics and Resource Management Association, Georgia, USA.

Erner, C., Goedde-Menke, M., & Oberste, M. (2016). Financial literacy of high school students: Evidence from Germany. The Journal of Economic Education, 47(2), 95–105. https://doi.org/10.1080/00220485.2016.1146102

Fernandes, D., Lynch, J. G., & Netemeyer, R. G. (2014). Financial literacy, financial education, and downstream financial behaviours. Management Science, 60(8), 1861–1883. https://doi.org/10.1287/mnsc.2013.1849

Ghazali, M. S., Azer, I., Mohamad, S. A., Arifin, N. A. M., & Mat, A. (2017). Personal financial literacy among high school students in Raub Pahang, Malaysia. Journal of Engineering and Applied Sciences, 12(7), 1830–1834.

Hastings, J. S., Madrian, B. C., & William, L. S. (2013). Financial literacy, financial education and economic outcomes. Annual Review of Economics, 5(1), 347–373. https://doi.org/10.1146/annurev-economics-082312-125807

https://bkm.com.tr/wp-content/uploads/2015/06/finansal-okuryazarlik.pdf

Ipsos Social Research Centre (2021). Turkey financial literacy survey, 3rd period. https://www.fo-der.org/wp-content/uploads/2020/01/Finansal-Okuryazarl%C4%B1k-II.Donem-Rapor-6.pdf

Jayaraman, J. D., & Jambunathan, S. (2018). Financial literacy among high school students: Evidence from India. Citizenship, Social and Economics Education, 17(3), 168–187. https://doi.org/10.1177/2047173418809712

Kalwij, A., Alessie, R., Dinkova, M., Schonewille, G., Schors, A., & Werf, M. (2019). The effects of financial education on financial literacy and savings behaviour: evidence from a controlled field experiment in Dutch primary schools. Journal of Consumer Affairs, 53(3), 699–730. https://doi.org/10.1111/joca.12241

Khoirunnisaa, J., & Johan, I. R. (2020). The effects of financial literacy and self-control towards financial behaviour among high school students in Bogor. Journal of Consumer Sciences, 5(2), 73–86. https://doi.org/10.29244/jcs.5.2.73-86

Kirsch, S. W. (2014). An analysis of the efficacy of financial literacy education for primary school children. California State University, Fullerton.

Kurniasari, F. (2021). Implementation of Gasing stock gamification to increase financial literacy for high school students. International Journal of Finance Research, 2(4), 274–285. https://doi.org/10.47747/ijfr.v2i4.507

Liu, C. L., Chang, D. F., & Chuang, C. M. (2019). Investigation of the financial literacy among high school students. ICIC Express Letters, Part B: Applications, 10(5), 387–393. https://10.24507/icicelb.10.05.387

Lusardi, A., & Mitchell, O. S. (2023). The importance of financial literacy: Opening a new field. Journal of Economic Perspectives, 37(4), 137-154. https://10.1257/jep.37.4.137

Mandell, L. and Klein, L. S. (2009). The impact of financial literacy education on subsequent financial behaviour. Journal of Financial Counselling and Planning, 20(1), 15-24. https://ssrn.com/abstract=2224231

McCormick, M. H. (2009). The effectiveness of youth financial education: A review of the literature. Journal of Financial Counselling and Planning, 20(1). https://ssrn.com/abstract=2225339

Muñoz-Murillo, M., Álvarez-Franco, P. B., and Restrepo-Tobón, D. A. (2020). The role of cognitive abilities on financial literacy: New experimental evidence. Journal of Behavioral and Experimental Economics, 84. https://doi.org/10.1016/j.socec.2019.101482

OECD. (2023). OECD/INFE 2023 International survey of adult financial literacy. OECD Publishing. https://doi.org/10.1787/56003a32-en

OECD. (2024). PISA 2022 results (Volume IV): How financially smart are students? PISA, OECD Publishing.

OECD. (2020). International Survey of Adult Financial Literacy. 2020.

OECD. (2022). OECD/INFE Toolkit for measuring financial literacy and financial inclusion 2022. OECD Publishing.www.oecd.org/financial/education/2022-INFE-Toolkit-Measuring-Finlit-Financial-Inclusion.pdf .

Panos, G. A., & Wilson, J. O. (2020). Financial literacy and responsible finance in the FinTech era: Capabilities and challenges. The European Journal of Finance, 26(4–5), 297–301. https://doi.org/10.1080/1351847X.2020.1717569

Reisdorfer-da-Silva, R. C., Becker, K. L., & Vieira, K. M. (2025). The impact of board games on the financial literacy of public-school students. Journal of Behavioural and Experimental Economics, 114, 102331. https://doi.org/10.1016/j.socec.2024.102331

Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. The Journal of Consumer Affairs, 44(2), 276–295. https://doi.org/10.1111/j.1745-6606.2010.01169.x

T. Hidajat, S. Kholid, H. Sekolah, T.I. (2022).Can Gamification in Financial Games Improve Financial Literacy? journal-ems European Modern Studies Journal, 6 (6).

Turkish Banking Association (2019). The three fundamental elements of financial literacy. https://foy.tbb.org.tr/finansal-okuryazarlik-nedir

Totenhagen, C. J., Casper, D. M., Faber, K. M., Bosch, L. A., Wiggs, C. B., & Borden, L. M. (2015). Youth financial literacy: A review of key considerations and promising delivery methods. Journal of Family and Economic Issues, 36(2), 167-191. https://doi.org/10.1007/s10834-014-9397-0

Tzora, V. A. (2025). Defining the Predictors of Financial Literacy for High-School Students. Journal of Risk and Financial Management, 18(2), 45. https://doi.org/10.3390/jrfm18020045

Yamane, T. (2001). Basic sampling methods. Translators, Esin, A., MA Bakir, C. Aydin and E. Gurbuzsel (Eds.). Literatur Publishing, Istanbul.

Wang, Z. A., & Loh, E. B. (2023, September). Enhancing Financial Literacy and Decision-Making Through Gamified Learning: An Empirical Investigation of User Engagement, Effectiveness, and Feedback. In CS & IT Conference Proceedings (Vol. 13, No. 17). CS & IT Conference Proceedings.

Téléchargements

Publiée

2026-06-30

Comment citer

YILDIZ, Şule, & ERDOĞDU, Şeyma. (2026). Determining The Level of Financial Literacy Among Secondary School Students: The Case of Sakarya Province. International Journal of Contemporary Economics and Administrative Sciences, 16(1), 623–647. https://doi.org/10.5281/zenodo.20573576

Numéro

Rubrique

Articles