Exploring the synergy between mathematical skills and financial literacy in young university students: The role of previous economic-financial training
Abstract
With the increasing complexity of economic systems, financial literacy has become an essential factor in making sound financial decisions and in meeting financial challenges and opportunities more effectively in daily life. The objective of this research was to evaluate the incidence of mathematical skills in the financial literacy of young Mexicans in the age range of 18 to 30 years who attend university and the degree to which previous training in economic-financial areas moderates the strength of association between both variables. The research method is quantitative and combines the descriptive and correlational approach. A simple linear regression model with a moderator variable was implemented. Results revealed a significant and positive correlation between college students' math skills and financial literacy. In addition, it was found that previous training in economic-financial areas makes this relationship stronger, which demonstrates the need to strengthen financial education in the educational system in Mexico from an early age.
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