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Millennial Financial Preparedness Across Racial Groups

Title: Millennial Financial Preparedness Across Racial Groups .
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Name(s): Keen, Trissanne Lee Anna, author
Type of Resource: text
Genre: Text
Bachelor Thesis
Date Issued: 2018-04-27
Physical Form: computer
online resource
Extent: 1 online resource
Language(s): English
Abstract/Description: This research study surveys 680 Millennials to analyze how financial literacy and financial behaviors vary across different racial groups. Respondents in this study consisted of Asians, Black/African Americans, Hispanics and Caucasians. Results from the study demonstrated that only 59% of survey respondents could answer financial literacy questions correctly. Moreover, Caucasians displayed the highest level of financial literacy compared to other racial groups, and women displayed lower levels of financial literacy than men. This study concludes that Millennials are not knowledgeable on subjects concerning financial concepts. In essence, Millennials lack of financial knowledge can lead to them making sub-optimal financial decisions which can be detrimental to their success.
Identifier: FSU_libsubv1_scholarship_submission_1524845287_2acaf164 (IID)
Keywords: Millennial, Finacial Literacy, Racial Groups,
Persistent Link to This Record: http://purl.flvc.org/fsu/fd/FSU_libsubv1_scholarship_submission_1524845287_2acaf164
Owner Institution: FSU

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Keen, T. L. A. (2018). Millennial Financial Preparedness Across Racial Groups . Retrieved from http://purl.flvc.org/fsu/fd/FSU_libsubv1_scholarship_submission_1524845287_2acaf164