Faith Christian Q

Jul 23, 2024 | serp-p.pids.gov.ph | Faith Christian Q |Marie Edelweiss G

Our study looks at the effect of financial literacy on the short-term and long-term financial decisions and behaviors of individuals who are of different ages and life stages, i.e., 18 to 39 years old (Young adult); 40 to 59 years old (Middle-aged); and 60+ (Senior). Using the results from the 2018 Bangko Sentral ng Pilipinas Consumer Finance Survey, we constructed a financial literacy index based on two (2) components - financial attitude and financial aptitude.