Financial literacy and educational level in Ecuadorian students: a structural analysis DOI Creative Commons

Jeaneth Lucía Bastidas-Guerrón,

Gisselle Mariuxi Cárdenas-Fierro,

Ana Cristina Mora-Lucero

et al.

Frontiers in Education, Journal Year: 2025, Volume and Issue: 10

Published: May 9, 2025

Background Financial literacy has been recognized as a key competency for making in-formed economic decisions, particularly in contexts where access to financial products exceeds the population’s level. However, Ecuador, persistent gaps remain be-tween formal educational attainment and applied knowledge. In this context, objective of study was analyze relationship between level among Ecuadorian students. Methods A quantitative approach adopted, with descriptive-correlational level, non-experimental type, cross-sectional design. The sample consisted 2,021 participants, selected through non-probabilistic convenience sampling. structured questionnaire 33 items administered, distributed across four analytical dimensions. Statistical analysis performed using SPSS AMOS, including reliability testing, factorial validity, structural model fit. Results results revealed that significant effect on literacy. Individuals higher education exhibited highest levels, while those who completed only primary showed lowest. Four latent factors were validated: technical knowledge, socioeconomic impact education, practical application self-management. Conclusion correlations these strong statistically significant, highlighting pivotal role shaping proposed presents valid consistent structure, effectively reflecting relationships variables. These findings emphasize necessity tailored context-specific interventions address diverse needs different population segments, thereby enhancing varying levels.

Language: Английский

Financial literacy and educational level in Ecuadorian students: a structural analysis DOI Creative Commons

Jeaneth Lucía Bastidas-Guerrón,

Gisselle Mariuxi Cárdenas-Fierro,

Ana Cristina Mora-Lucero

et al.

Frontiers in Education, Journal Year: 2025, Volume and Issue: 10

Published: May 9, 2025

Background Financial literacy has been recognized as a key competency for making in-formed economic decisions, particularly in contexts where access to financial products exceeds the population’s level. However, Ecuador, persistent gaps remain be-tween formal educational attainment and applied knowledge. In this context, objective of study was analyze relationship between level among Ecuadorian students. Methods A quantitative approach adopted, with descriptive-correlational level, non-experimental type, cross-sectional design. The sample consisted 2,021 participants, selected through non-probabilistic convenience sampling. structured questionnaire 33 items administered, distributed across four analytical dimensions. Statistical analysis performed using SPSS AMOS, including reliability testing, factorial validity, structural model fit. Results results revealed that significant effect on literacy. Individuals higher education exhibited highest levels, while those who completed only primary showed lowest. Four latent factors were validated: technical knowledge, socioeconomic impact education, practical application self-management. Conclusion correlations these strong statistically significant, highlighting pivotal role shaping proposed presents valid consistent structure, effectively reflecting relationships variables. These findings emphasize necessity tailored context-specific interventions address diverse needs different population segments, thereby enhancing varying levels.

Language: Английский

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