Akua Peprah-Yeboah|Weliko Emmanuel Blialy Frejus|Ernest Fianko
Financial Literacy of Undergraduate Students: Do Personality Traits and Cognitive Ability Matter?
Kwame Nkrumah University of Science and Technology|Kwame Nkrumah University|Kwame Nkrumah University of Science and Technology|Kwame Nkrumah University|Kwame Nkrumah University of Science and Technology
study investigates psychological traits affect financial literacy levels undergraduate level education using crosssectional survey 580 students study examines whether level openness conscientiousness cognitive ability students affect financially literate pearsons correlation test ordinary least square regression methods employed test hypothesized relationships results show generally low level financial literacy openness conscientiousness cognitive ability found statistically significant correlation financial literacy r0349 0287 0199 respectively similarly regression analysis found positive relationship three variables dependent variable financial literacy therefore study recommends innovative financial literacy programmes target youth need introduced imperative programmes components tailormade individuals different personality traits attract finally programmes must contain aspects aim improve cognitive abilities beneficiaries increase effectiveness