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Financial Management Practices Of College Students

Author

Listed:
  • Kayla Allen
  • Victoria Kinchen

Abstract

With mortgage foreclosure rates at an all time high and more than one-million Americans expected to file bankruptcy in 2008, it is safe to conclude that many Americans have overextended themselves with debt. This study tests the hypothesis that many Americans do not have the knowledge, skills or habits essential for effective management of personal finances. This investigation seeks to determine the reasons for financial misconduct and to discover measures that will assist college students in improving financial management practices.

Suggested Citation

  • Kayla Allen & Victoria Kinchen, 2009. "Financial Management Practices Of College Students," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 3(1), pages 105-116.
    • Handle: RePEc:ibf:gjbres:v:3:y:2009:i:1:p:105-116
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    File URL: http://www.theibfr2.com/RePEc/ibf/gjbres/gjbr-v3n1-2009/GJBR-V3N1-2009-10.pdf
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    References listed on IDEAS

    as
    1. Paul W. Bauer & Daniel A. Littman, 2007. "Are consumers cashing out?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Oct.
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    Cited by:

    1. Swarn Chatterjee & Joseph Goetz & Lance Palmer, 2009. "An Examination Of Short-Term Borrowing In The United States," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 3(2), pages 1-8.

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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance

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