Murat Y?ld?r?m|Fatih Bayram|Ahmet O?uz|Gülay Günay
Financial Literacy Level of Individuals and Its Relationships to Demographic Variables
abstract families act environment financing system includes pressure economic powers economic conditions standards living individuals fail take optimal financial decisions exhibit due financial behaviors undergo change individuals selfconsciousness financial issues prepare prospective hard economic conditions may emerge future also supports development country strong basis perspective awareness financial literacy help use limited sources affectively recently economic pressure financial literacy become increasingly important topic main purpose study examining individuals financial literacy level determining relationship demographic variables financial literacy participants study consist individual employees iron steel industry dwelling karabuk turkey total 304 employees participated study voluntary basis data collected demographic information form financial literacy index developed van rooji et al 2011 financial literacy index includes two sections basic financial literacy 5 items advantage financial literacy 11 items results indicated 89 participants correctly answered five basic financial literacy items proportion correct answered advantage financial literacy section 11 items low 03 statistical analyses displayed demographic variables education monthly income important determinant basic advantage financial literacy plt005 results research significant implications individuals policymakers educators search strategies improving individuals financial literacy level