Financial education

measurement of financial knowledge of students of a Federal University and its correlation with the great personality factors of five

Abstract

This study aims to analyze and correlate the level of financial knowledge with the personality factors based on the Five Great Personality Factors (CGF) model of students from a federal university in southern Minas Gerais. Financial education is a useful tool in the development of financial knowledge among the researched public, making research with university students even more relevant, as they represent the future of the country's intellectual and productive capacity. The study is justified by the need to deepen studies on financial education in Brazil and also on the way personality factors are associated with knowledge. Research indicates, in general, that the population does not have basic knowledge to make right decisions about their finances and inefficiency in financial decisions contributes to the fragility of the economic and social scenario, since individuals with no financial knowledge have difficulty managing their resources, planning their retirement, purchasing appropriate financial products and services. By measuring the level of students' financial knowledge, a result was obtained for the male profile higher than the female profile. Regarding personality profiles, the factors Extroversion and Consciousness presented higher scores among the female profile, while the factors Kindness, Neuroticism and Openness presented higher scores for the male profile. Regarding the correlation of financial knowledge and personality profiles, the factors Openness and Extroversion were negatively correlated with financial knowledge.

Key-words: Financial education; Financial knowledge; Five major personality factors.