The Experts below are selected from a list of 19530 Experts worldwide ranked by ideXlab platform

Lorelei Rutledge - One of the best experts on this subject based on the ideXlab platform.

W. B. Walstad - One of the best experts on this subject based on the ideXlab platform.

  • relations between young adults knowledge and understanding experiences and information behavior in Personal Finance matters
    Empirical Research in Vocational Education and Training, 2019
    Co-Authors: Manuel Förster, Roland Happ, W. B. Walstad
    Abstract:

    In Germany, general secondary education offers few opportunities for young adults to acquire knowledge and understanding of Personal Finance. Hence, apart from parents’ influence as role models, important influences on young adults’ financial knowledge and understanding likely include their Personal experience with financial products and their behavior of informally seeking information about specific financial products. In this paper, we investigate the relationships between these latter variables based on a sample of 1108 young adults from Germany, aged 17–25, beginning their studies in higher education. Knowledge and understanding of Personal Finance was assessed using the German adaptation of the US Test of Financial Literacy. In this paper, we focus on the dimension ‘Banking’ (covering financial investing, saving, using credit). In addition, we surveyed young adults’ experience in basic Personal Finance matters (e.g., having a bank account, using a credit card, paying for rent) and their information behavior towards specific financial products (e.g., stocks, investment, retirement plans, and insurance). The data set was prepared through multiple imputation and analyzed using regression models. The results show clear correlations between knowledge and understanding in the dimension ‘Banking’ and both experience and information behavior in Personal Finance matters. Our findings illustrate how important it is that young adults obtain experience with and actively inform themselves about financial products, particularly in countries such as Germany where Personal Finance is not taught extensively and systematically in school.

  • Relations between young adults’ knowledge and understanding, experiences, and information behavior in Personal Finance matters
    Empirical Research in Vocational Education and Training, 2019
    Co-Authors: Manuel Förster, Roland Happ, W. B. Walstad
    Abstract:

    Background In Germany, general secondary education offers few opportunities for young adults to acquire knowledge and understanding of Personal Finance. Hence, apart from parents’ influence as role models, important influences on young adults’ financial knowledge and understanding likely include their Personal experience with financial products and their behavior of informally seeking information about specific financial products. Methods In this paper, we investigate the relationships between these latter variables based on a sample of 1108 young adults from Germany, aged 17–25, beginning their studies in higher education. Knowledge and understanding of Personal Finance was assessed using the German adaptation of the US Test of Financial Literacy. In this paper, we focus on the dimension ‘Banking’ (covering financial investing, saving, using credit). In addition, we surveyed young adults’ experience in basic Personal Finance matters (e.g., having a bank account, using a credit card, paying for rent) and their information behavior towards specific financial products (e.g., stocks, investment, retirement plans, and insurance). Results The data set was prepared through multiple imputation and analyzed using regression models. The results show clear correlations between knowledge and understanding in the dimension ‘Banking’ and both experience and information behavior in Personal Finance matters. Conclusions Our findings illustrate how important it is that young adults obtain experience with and actively inform themselves about financial products, particularly in countries such as Germany where Personal Finance is not taught extensively and systematically in school.

Jill Lynn Vihtelic - One of the best experts on this subject based on the ideXlab platform.

  • Personal Finance: an alternative approach to teaching undergraduate Finance
    Financial Services Review, 1996
    Co-Authors: Jill Lynn Vihtelic
    Abstract:

    Effective teaching invites students into the discipline and helps them to see and make connections between the discipline's content and their lives. This paper identifies an alternative approach to effective teaching of undergraduate Finance. Personal Finance, as opposed to managerial Finance, provides a more appropriate foundation on which to center the undergraduate Finance curriculum. It better matches students' interests, Personal experiences, and cognitive structures. This paper takes the position that Personal Finance should precede managerial Finance as the introduction and start to the Finance major in the undergraduate business curriculum.

  • Personal Finance: an alternative approach to teaching undergraduate Finance
    Financial Services Review, 1996
    Co-Authors: Jill Lynn Vihtelic
    Abstract:

    Effective teaching invites students into the discipline and helps them to see and make connections between the discipline's content and their lives. This paper identifies an alternative approach to effective teaching of undergraduate Finance. Personal Finance, as opposed to managerial Finance, provides a more appropriate foundation on which to center the undergraduate Finance curriculum. It better matches students' interests, Personal experiences, and cognitive structures. This paper takes the position that Personal Finance should precede managerial Finance as the introduction and start to the Finance major in the undergraduate business curriculum.

Brett K. Andrews - One of the best experts on this subject based on the ideXlab platform.

  • Teaching Personal Finance
    Journal of Ministry Marketing & Management, 2000
    Co-Authors: Brett K. Andrews
    Abstract:

    ABSTRACT Using popular literature and the results of a survey of 476 undergraduates enrolled at two CCCU schools, I propose that the Personal financial education of Christian college students is lacking. While students have a good understanding of the Scriptural basis of money, their knowledge is not realized in practice. Christian colleges and universities can address this deficiency by requiring all undergraduates to complete a course in Personal Finance. This requirement may have secondary benefits for the institution in the form of increased alumni participation and giving, lower student default rates, and increasing enrollments.

Manuel Förster - One of the best experts on this subject based on the ideXlab platform.

  • relations between young adults knowledge and understanding experiences and information behavior in Personal Finance matters
    Empirical Research in Vocational Education and Training, 2019
    Co-Authors: Manuel Förster, Roland Happ, W. B. Walstad
    Abstract:

    In Germany, general secondary education offers few opportunities for young adults to acquire knowledge and understanding of Personal Finance. Hence, apart from parents’ influence as role models, important influences on young adults’ financial knowledge and understanding likely include their Personal experience with financial products and their behavior of informally seeking information about specific financial products. In this paper, we investigate the relationships between these latter variables based on a sample of 1108 young adults from Germany, aged 17–25, beginning their studies in higher education. Knowledge and understanding of Personal Finance was assessed using the German adaptation of the US Test of Financial Literacy. In this paper, we focus on the dimension ‘Banking’ (covering financial investing, saving, using credit). In addition, we surveyed young adults’ experience in basic Personal Finance matters (e.g., having a bank account, using a credit card, paying for rent) and their information behavior towards specific financial products (e.g., stocks, investment, retirement plans, and insurance). The data set was prepared through multiple imputation and analyzed using regression models. The results show clear correlations between knowledge and understanding in the dimension ‘Banking’ and both experience and information behavior in Personal Finance matters. Our findings illustrate how important it is that young adults obtain experience with and actively inform themselves about financial products, particularly in countries such as Germany where Personal Finance is not taught extensively and systematically in school.

  • Relations between young adults’ knowledge and understanding, experiences, and information behavior in Personal Finance matters
    Empirical Research in Vocational Education and Training, 2019
    Co-Authors: Manuel Förster, Roland Happ, W. B. Walstad
    Abstract:

    Background In Germany, general secondary education offers few opportunities for young adults to acquire knowledge and understanding of Personal Finance. Hence, apart from parents’ influence as role models, important influences on young adults’ financial knowledge and understanding likely include their Personal experience with financial products and their behavior of informally seeking information about specific financial products. Methods In this paper, we investigate the relationships between these latter variables based on a sample of 1108 young adults from Germany, aged 17–25, beginning their studies in higher education. Knowledge and understanding of Personal Finance was assessed using the German adaptation of the US Test of Financial Literacy. In this paper, we focus on the dimension ‘Banking’ (covering financial investing, saving, using credit). In addition, we surveyed young adults’ experience in basic Personal Finance matters (e.g., having a bank account, using a credit card, paying for rent) and their information behavior towards specific financial products (e.g., stocks, investment, retirement plans, and insurance). Results The data set was prepared through multiple imputation and analyzed using regression models. The results show clear correlations between knowledge and understanding in the dimension ‘Banking’ and both experience and information behavior in Personal Finance matters. Conclusions Our findings illustrate how important it is that young adults obtain experience with and actively inform themselves about financial products, particularly in countries such as Germany where Personal Finance is not taught extensively and systematically in school.