Fernando Oliveira Tavares|Luís Gomes Almeida|Vasco Jorge Soares|Vasco Capela Tavares
Financial Literacy: An Exploratory Analysis in Portugal
Instituto Superior de Ciências Empresariais e do Turismo|Instituto Superior de Ciências Empresariais e do Turismo|Instituto Superior de Entre Douro e Vouga|University of Lisbon
abstract work aims verify exploratory factor analysis determinants financial literacy portuguese 18 years old quantitative method used using questionnaire survey 839 surveys obtained observed factors resulting exploratory factor analysis 1 planning financial goals 12 years 2 longterm savings 3 taste numerical calculation analyse statistically significant differences means regarding gender school education existence household budgets age concluded important obtain financial training beginning throughout life better able make financial family planning make applications better return reduce financial risk family concluded closer retirement age people tend save since retirement income usually decreases