Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 

NZ university students score in financial literacy quiz

NZ university students score much better than their English counterparts

January 23, 2014

A survey of New Zealand university students has found they scored almost 20 percent better in a financial literacy quiz than their English counterparts.

Students from the University of Canterbury (UC) performed significantly better than their counterparts at Bristol’s University of the West of England in a financial literacy quiz, UC economics lecturer Steve Agnew says.

`` We also found that in both countries, females performed about 10 percent lower than male students.

``In a related survey, carried out late last year, we also asked financial questions to nearly 1500 students at 18 Christchurch secondary schools.

``This showed that financial literacy in the home is an important influence in later life. It has more effect than doing a financial literacy course at school in terms of financial literacy knowledge and attitudes.

``Poorer performance by females in financial literacy quizzes may be due to differences in exposure to financial literacy concepts and discussions in the home between girls and boys.

``Poorer performance in financial literacy quizzes by females is commonplace in the literature.

``On average, girls are one year older than boys when they have their first financial discussion with their parents. It is the same across school deciles as well.

``Another significant result was that girls are more likely than boys to disagree with statements such as: `I think I am a smart shopper; I know how much money I have in my wallet or purse right now; my parents often talk to me about financial security; and my parents are role models for me about managing my financial affairs’.

``Getting a later start in life in terms of first discussing finances with parents correlated with lower financial literacy test scores when students are aged 15.

``Girls are being impacted on in later life in terms of their financial attitudes and knowledge, due at least in part to the home environment. Parents may need to make sure they give girls the same exposure to financial literacy as boys in the home,’’ Agnew says.

endscy

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Howard Davis: Christopher Marlowe & 'The Tragedy Of Dr. Faustus'

Previous versions of 'The Devil's Pact' can be traced back to the fourth century, Marlowe deviated significantly by depicting his protagonist as unable to burn his books or repent to a merciful God in order to have his contract annulled... More>>

ALSO:

Gold For RNZ: Muslim Post-9/11 Series, Kim Hill Win In New York

The Radio New Zealand podcast series Public Enemy has won a gold award for excellence for its presenter, Mohamed Hassan, at the prestigious New York Festival Radio Awards announced in Manhattan today. RNZ National’s Saturday Morning host, Kim Hill, also received a gold award for Best Radio Personality. More>>

Human Rights Commission: Give Nothing To Racism

A campaign urging New Zealanders to give nothing to racism and refuse to spread intolerance has been launched by some of the country’s most well-known people. More>>

Louis Vuitton Series Win: Emirates Team NZ Will Challenge For The America’s Cup

By beating Artemis 5-2 they now take on Oracle Team USA in the America’s Cup match starting next weekend. More>>

ALSO:

Monterey: Rodger Fox Big Band Invited To Celebrated Festival

The Rodger Fox Big Band has received an invitation to perform at the 2017 Monterey 60th Anniversary Jazz Festival in the USA in September of this year. More>>

AntARTica: Scientist’s Painting Discovered In Antarctic Hut

The New Zealand Antarctic Heritage Trust has discovered an almost perfectly preserved 118 year old watercolour painting among penguin-excrement, dust and mould covered papers found in an historic hut at Cape Adare, Antarctica. More>>

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION
 
 
  • Wellington
  • Christchurch
  • Auckland