The Financial Literacy of Young People: Socio-Economic Status, Language Background and the Rural-Urban Chasm

Australian and International Journal of Rural Education, Vol. 26, No. 1, pp. 54-66, 2016

13 Pages Posted: 12 May 2016 Last revised: 12 Jul 2016

See all articles by Paul Ali

Paul Ali

University of Melbourne - Law School

Malcolm Edward Anderson

University of Melbourne - Faculty of Education; Australian Institute of Archaeology

Cosima Hay McRae

University of Melbourne - Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: May 10, 2016

Abstract

In this paper the authors report the results of a survey of financial literacy levels among Australian secondary school students. While key issues concerning financial literacy among adolescents are fairly well known, and governments see the urgency of addressing low levels of such literacy among a vulnerable cohort, less is understood about the variation of knowledge levels among young people. In this paper we identify the gap between urban and rural survey participants in respect of their financial literacy, and locate the contrasting knowledge levels in a setting that includes socio-economic status and language background.

Keywords: adolescents; financial literacy; rurality

Suggested Citation

Ali, Paul and Anderson, Malcolm Edward and McRae, Cosima Hay and Ramsay, Ian, The Financial Literacy of Young People: Socio-Economic Status, Language Background and the Rural-Urban Chasm (May 10, 2016). Australian and International Journal of Rural Education, Vol. 26, No. 1, pp. 54-66, 2016 . Available at SSRN: https://ssrn.com/abstract=2778372

Paul Ali

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 1088 (Phone)
+61 3 8344 5285 (Fax)

HOME PAGE: http://www.law.unimelb.edu.au

Malcolm Edward Anderson

University of Melbourne - Faculty of Education ( email )

Alice Hoy Building
Victoria 3010
Australia

Australian Institute of Archaeology ( email )

Melbourne, Victoria 3010
Australia

Cosima Hay McRae

University of Melbourne - Law School ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

HOME PAGE: http://www.unimelb.edu.au

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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