Philippine E-Journals

IMPACT OF FINANCIAL LITERACY ON LEVEL OF STRESS AMONG BUSINESS EDUCATION STUDENTS

Rodolfo C Moreno

 

Abstract:

This study determined the impact of financial literacy on the level of stress among business education students. The descriptive-comparative-correlational method of research was utilized to analyze the data gathered from 326 respondents. The subject of this study were the BSBA and BSOA of the College of Business Education in North Luzon Philippines State College during the second semester, Academic Year 2017-2018. Stratified random sampling was used in the selection of sample respondents. A 5-point Likert scale questionnaire was utilized in the gathering of data. Findings of the study revealed a high level of financial literacy; and average stress level of the respondents. There is no significant difference in the level of financial literacy between the BSBA and BSOA students. There is a significant difference in the level of stress between the BSBA and BSOA students. A positive correlation existed between the age and overall financial literacy of the students; and the course is directly related to the stress level of the students. There is a positive correlation between the age and overall financial literacy; course significantly related with stress level of the respondents; and financial records literacy level positively related with stress level among the respondents. Data reveals that the regression model is Stress = 2.404 + (-.347 x Cash Management) + (.285 x Financial Records) + (.175 x Savings Plan).