Dennis Gilliland|Vince Melfi|Alla Sikorskii|Edward Corcoran|Eleanor Melfi
Quantitative Literacy at Michigan State University, 2: Connection to Financial Literacy
Michigan State University|University of South Florida|Michigan State University|University of South Florida|Michigan State University|University of South Florida
lack capability making financial decisions recently described adult united states populationa concerted effort increase awareness crisis improve education quantitative financial literacy simplify financial decisionmaking processes critical solutionthis paper describes study undertaken explore relationship quantitative literacy financial literacy entering college freshmenin summer 2010 incoming freshmen michigan state university assessedwelltested financial literacy items validated quantitative literacy assessment instruments administered 531 subjectslogistic regression models used assess relationship level financial literacy independent variables including quantitative literacy score act mathematics score demographic variables including genderthe study establishes strong positive association quantitative literacy financial literacy top effects independent variablesadding one percent performance quantitative literacy assessment changes odds highest level financial literacy factor estimated 105gender found large statistically significant effect well female changing odds factor estimated 049