Mohamed E. Ibrahim|Fatima R. Alqaydi
Financial Literacy, Personal Financial Attitude, and Forms of Personal Debt among Residents of the UAE
University of Dubai|Dubai Hospital
paper examined financial literacy among sample individuals residing united arab emirates uae relation different forms personal debtthese forms personal debt include bank loans borrowing friends andor family members borrowing credit cardswe used questionnaire distributed convenient sample 412 individuals working service organizations residing across uaeusable responses 45 sample subjected descriptive statistics reliability analysis tteststhe results indicate average level financial literacy uae 0433 statistically significantly average level reported literature 050however significant differences mean score males femalesthe results also indicate individuals strong financial attitude tend borrow less credit cardsuae nationals likely borrow banks using credit cards borrowing friendsor family members