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The influence of sociodemographic factors on the attitudes and expectations of the younger generation towards modern finance

Author

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  • Krzysztof Waliszewski

    (Poznań University of Economics and Business; ORCID: https://orcid.org/0000-0003-4239-5875)

  • Anna Warchlewska

Abstract

The objective of the article is to evaluate the impact of sociodemographic factors on the attitudes and expectations of the younger generation in the field of modern personal financial management. The study analysed the functionality of the applications used by, and the expectations of, students at the Poznań University of Economics and Business regarding modern finance. The research consisted of two stages: a phase involving monthly tests of the selected application, followed by opinion gathering in the form of an online survey. The results of the questionnaire show that financial applications offered by third parties enjoy significant popularity. According to the respondents, applications support the process of personal finance management and are most often used to accumulate savings and monitor finances on an ongoing basis.

Suggested Citation

  • Krzysztof Waliszewski & Anna Warchlewska, 2021. "The influence of sociodemographic factors on the attitudes and expectations of the younger generation towards modern finance," Bank i Kredyt, Narodowy Bank Polski, vol. 52(4), pages 297-318.
    • Handle: RePEc:nbp:nbpbik:v:52:y:2021:i:4:p:297-318
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    File URL: https://bankikredyt.nbp.pl/content/2021/04/bik_04_2021_01.pdf
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    References listed on IDEAS

    as
    1. Anna Eugenia Omarini, 2018. "Banks and Fintechs: How to Develop a Digital Open Banking Approach for the Bank’s Future," International Business Research, Canadian Center of Science and Education, vol. 11(9), pages 23-36, September.
    2. Jing Jian Xiao & Chunsheng Tao, 2020. "Consumer finance/household finance: the definition and scope," China Finance Review International, Emerald Group Publishing Limited, vol. 11(1), pages 1-25, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mirosława Kaczmarek, 2023. "Przynależność do kohorty pokoleniowej jako determinanta korzystania z BLIK-a," Bank i Kredyt, Narodowy Bank Polski, vol. 54(2), pages 221-238.
    2. Nguyen Duong Thanh Thao & Ha Minh Tri, 2024. "How socio-demographic factors affect the personal finance management application assessment during the Covid period in Vietnam?," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 14(1), pages 3-19.

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    More about this item

    Keywords

    modern financial technologies; personal finance; Personal Finance Management; FinTech;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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