Financial literacy among WKU undergraduate students

Abstract

This study examines to study financial literacy among WKU undergraduate students. It will further analyze the gender differences in financial behaviors and financial literacy, and try to figure out the relationship between internship experience and financial literacy, and the relationship between academic standing and financial literacy. Based on the data collected from our 166 respondents in WKU, including 88 females 78 males. Also, by using the t-test and regression models, we find that gender differences do not exist in financial behaviors and financial literacy. Specifically, in terms of financial behaviors, there are no gender differences in the usage of credit cards, but gender differences exist in financial planning behaviors. Additionally, females behave better than males. Also, there is a significant relationship between internship experience and financial literacy, but no relationship between academic standing and financial literacy.