Michelle Rudeloff
The influence of informal learning opportunities on adolescents’ financial literacy
University of Tübingen
abstract todays service society adolescents come contact money financial products services earlier earlier despite importance topic adolescents lives insufficient evidence learning opportunities adolescents use outside school education obtain information financial issues affect financial competence paper investigates different informal learning opportunities influence grade 10students financial literacy data available n 530 students general education analyses based structural equation model financial literacy represented latent variable subdimensions moneypayments savings loans insurance monetary policy young people use different learning opportunities depending subdimension overall parentstudent discussions finance important informal source learning discussions siblings well consulting sessions banks media learning opportunities also significantly related financial literacy furthermore personal characteristics socioeconomic background economic interest also associated financial literacy findings provide important implications promotion financial literacy different formal informal learning situations results used among things basis developing targeted strategies promote financial literacy extracurricular sector school context