Financial literacy among working adults: The case of Saudi Arabia
We aimed to evaluate the financial literacy of working adults in Saudi Arabia and to examine its correlation with various demographic factors. Data from 1,127 employed individuals were collected through an online survey. Descriptive analysis was used to compare the levels of financial literacy, whil...
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| Format: | Article |
| Language: | English |
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AIMS Press
2024-12-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/QFE.2024032 |
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| _version_ | 1832590234534019072 |
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| author | Mansour Saleh Albarrak Sara Ali Alokley Yasmeen Ansari |
| author_facet | Mansour Saleh Albarrak Sara Ali Alokley Yasmeen Ansari |
| author_sort | Mansour Saleh Albarrak |
| collection | DOAJ |
| description | We aimed to evaluate the financial literacy of working adults in Saudi Arabia and to examine its correlation with various demographic factors. Data from 1,127 employed individuals were collected through an online survey. Descriptive analysis was used to compare the levels of financial literacy, while chi-square tests and regression analysis were employed to determine the impact of demographic factors. The results indicated that working adults in Saudi Arabia have satisfactory financial knowledge, particularly concerning gender, age, education, and the field of study. These demographic factors had a significant relationship with financial literacy. However, weaker connections were observed between financial literacy, living conditions, marital status, and job sector. This study highlights the importance of collaborative efforts to promote financial education among Saudi Arabian professionals. These findings offer valuable insights for policymakers and stakeholders by improving financial literacy among working adults. |
| format | Article |
| id | doaj-art-0ddae175417e479ea664f15162308465 |
| institution | Kabale University |
| issn | 2573-0134 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Quantitative Finance and Economics |
| spelling | doaj-art-0ddae175417e479ea664f151623084652025-01-24T01:12:55ZengAIMS PressQuantitative Finance and Economics2573-01342024-12-018484186610.3934/QFE.2024032Financial literacy among working adults: The case of Saudi ArabiaMansour Saleh Albarrak0Sara Ali Alokley1Yasmeen Ansari2Department of Finance, College of Administrative and Financial Sciences, Saudi Electronic University, Riyadh 13316, Saudi ArabiaDepartment of Finance, School of Business, King Faisal University, Al-Hasa 31982, Saudi ArabiaDepartment of Finance, College of Administrative and Financial Sciences, Saudi Electronic University, Riyadh 13316, Saudi ArabiaWe aimed to evaluate the financial literacy of working adults in Saudi Arabia and to examine its correlation with various demographic factors. Data from 1,127 employed individuals were collected through an online survey. Descriptive analysis was used to compare the levels of financial literacy, while chi-square tests and regression analysis were employed to determine the impact of demographic factors. The results indicated that working adults in Saudi Arabia have satisfactory financial knowledge, particularly concerning gender, age, education, and the field of study. These demographic factors had a significant relationship with financial literacy. However, weaker connections were observed between financial literacy, living conditions, marital status, and job sector. This study highlights the importance of collaborative efforts to promote financial education among Saudi Arabian professionals. These findings offer valuable insights for policymakers and stakeholders by improving financial literacy among working adults.https://www.aimspress.com/article/doi/10.3934/QFE.2024032financial knowledgefinancial educationworking adultssaudi arabia |
| spellingShingle | Mansour Saleh Albarrak Sara Ali Alokley Yasmeen Ansari Financial literacy among working adults: The case of Saudi Arabia Quantitative Finance and Economics financial knowledge financial education working adults saudi arabia |
| title | Financial literacy among working adults: The case of Saudi Arabia |
| title_full | Financial literacy among working adults: The case of Saudi Arabia |
| title_fullStr | Financial literacy among working adults: The case of Saudi Arabia |
| title_full_unstemmed | Financial literacy among working adults: The case of Saudi Arabia |
| title_short | Financial literacy among working adults: The case of Saudi Arabia |
| title_sort | financial literacy among working adults the case of saudi arabia |
| topic | financial knowledge financial education working adults saudi arabia |
| url | https://www.aimspress.com/article/doi/10.3934/QFE.2024032 |
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