Journal of Research in Mathematics Trends and Technology
Vol. 4 No. 2 (2022): Journal of Research in Mathematics Trends and Technology (JoRMTT)

A Structural Equation Modelling Approach for College Students Financial Literacy

Simarmata, Justin Eduardo (Unknown)
Chrisinta , Debora (Unknown)

Article Info

Publish Date
30 Sep 2022

Abstract

This research explores the dynamics of financial literacy among students in shaping future financial well-being. Using Structural Equation Modeling (SEM), it aims to uncover the relationship between financial literacy and students' interest in learning about finance. The data is derived from responses to a questionnaire from 200 students. The research reveals a path coefficient of 0.97 between financial literacy and literacy interest, indicating a strong positive relationship. This implies that 97% of the variation in financial literacy can be explained by literacy interest. Overall, the SEM model demonstrates a significant fit, providing valuable insights for enhancing financial literacy among college students.

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Journal Info
Journal of Research in Mathematics Trends and Technology
Website

Abbrev

jormtt

Publisher

Universitas Sumatera Utara

Subject

Decision Sciences, Operations Research & Management Mathematics

Description

JoRMTT is an international blind peer-review journal dedicated to interchange for the results of research in mathematical sciences and related fields. The journal publishes papers in fundamental theory, experiments and simulation, as well as applications, with a systematic proposed method, ...