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THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH

Year 2013, Volume: 5 Issue: 1, 22 - 32, 01.06.2013

Abstract

A great number of criticism has been made about the Hungarian population’s financial culture and its financial knowledge. The main reason of the incredible indebtedness of households is the lack of financial knowledge, according to several studies, researches and papers. 18-year-olds form a legal entity, they are creditable, they may get into debt limitlessly, and they can allocate their savings where they want to. But what are the main considerations when they choose a credit or a saving construction? What kind of information do they use for their financial decisions? The first aim of the present study is to present the background of the financial decisions of young generations, the circumstances of the compilation of the necessary information, based on the results of a questionnaire research. The second aim of the paper is to reveal the inner context of their decisions with the help of mathematical and statistical methods

References

  • Allen, F. – Babus, A. – Carletti, E. (2009): Financial Crisis: Theory and Evidence, downloaded: 2013.01.22.
  • Borzán, A. (2010): A pénzügyi főiskolai, valamint a pénzügy és számvitel alapszakos képzés megítélése a hallgatói vélemények tükrében. Körös Tanulmányok, Szent István Egyetem Gazdasági Kar, Békéscsaba, 6-13. p. ISSN 1589-908-X
  • Claessens, S. –Dell’Ariccia, G. –Igan, D. –Laeven, L. (2009): Lessons and Policy Implications from the Global Financial Crises, IMF Working Paper WP/10/44, http://www.imf.org/external/pubs/ft/wp/2010/wp1044.pdf, 2012.11.24. 2010, International Monetary Fund, downloaded:
  • Fodor, M. – Fürediné Kovács, A. – Horváth, Á. – Rácz, G. (2011): Consumer behaviour, Perfekt Publishing House, Budapest (Hungarian)
  • Kovács, E. (2004): Pénzügyi adatok statisztikai elemzése – egyetemi tankönyv, Tanszék Kft, Budapest,
  • Lazányi, K. (2013): Mi áll a munkaerő-piaci kereslet és kínálat kiegyensşlyozatlanságának hátterében?: A közgazdászok helyzetének bemutatása, Munkaügyi Szemle 57:(3) pp. 50-62.
  • Lazányi, K. (2012): Study for nothing? Literature overview of labour market opportuniti es for individuals with tertiary education, FIKUSZ 2012 : Symposium for young researchers: Proceedings, Budapest: Óbudai Egyetem, 2012. pp. 37-46.
  • Lentner, Cs. – Szigeti, C. – Borzán, A. (2011): New Dimension of Banks Social Responsibility, In: Szente V, Szendrő K, Varga Á, Barna R (szerk.) Abstracts of the 3rd International Conference of Economic Sciences: Sustainable Economics - Community Strategies, Kaposvár, Hungary, 2011.05.19-.20.University of Kaposvár ,
  • Nagy, O. – Jäckel, K. (2009): Is there trust towards professional financial consultancy as a service in Hungary? Research of the financial customs of Hungarian population, “Szakmai füzetek”, (Professional Booklets)26. issue, http://elib.kkf.hu/szakmaifuzetek_elemei/Page830.html (Hungarian)
  • Sahlman, W.A. (2009): Management and the financial crisis, Harvard Business http://www.hbs.edu/faculty/Publication%20Files/10-033.pdf, downloaded: 2013.01.14. School Working Paper,
  • Simai, M. (2009): The causes and potential consequences of the present global crisis, “Köz-gazdaság”, 2009/1. issue, pp.13-24 (Hungarian)
  • Soros, Gy. (2009): The credit crisis of 2008 and its consequences, Scolar Kiadó, Budapest. (Hungarian)
  • Hungarian National Bank (2012): Where do we stand in the world? Domestic financial culture reflected by an international study, Background material,http://www.mnb.hu/Root/Dokumentumtar/MNB/Sajtoszoba/Sajtos zobakozlemenyek/mnbhu-sajtokozlemeny-20120619- pk/PK_Hatteranyag_20120619.pdf, downloaded: 2012.03.19. (Hungarian)
  • OECD (2005): Improving Financial Literacy, Analysis of Issues and Policies, ftp://ftp.fsb.co.za/public/Consumer%20Education/Presentations/2005_Impr oving_Financial_Literacy.pdf, downloaded: 2013.02.06.
Year 2013, Volume: 5 Issue: 1, 22 - 32, 01.06.2013

Abstract

References

  • Allen, F. – Babus, A. – Carletti, E. (2009): Financial Crisis: Theory and Evidence, downloaded: 2013.01.22.
  • Borzán, A. (2010): A pénzügyi főiskolai, valamint a pénzügy és számvitel alapszakos képzés megítélése a hallgatói vélemények tükrében. Körös Tanulmányok, Szent István Egyetem Gazdasági Kar, Békéscsaba, 6-13. p. ISSN 1589-908-X
  • Claessens, S. –Dell’Ariccia, G. –Igan, D. –Laeven, L. (2009): Lessons and Policy Implications from the Global Financial Crises, IMF Working Paper WP/10/44, http://www.imf.org/external/pubs/ft/wp/2010/wp1044.pdf, 2012.11.24. 2010, International Monetary Fund, downloaded:
  • Fodor, M. – Fürediné Kovács, A. – Horváth, Á. – Rácz, G. (2011): Consumer behaviour, Perfekt Publishing House, Budapest (Hungarian)
  • Kovács, E. (2004): Pénzügyi adatok statisztikai elemzése – egyetemi tankönyv, Tanszék Kft, Budapest,
  • Lazányi, K. (2013): Mi áll a munkaerő-piaci kereslet és kínálat kiegyensşlyozatlanságának hátterében?: A közgazdászok helyzetének bemutatása, Munkaügyi Szemle 57:(3) pp. 50-62.
  • Lazányi, K. (2012): Study for nothing? Literature overview of labour market opportuniti es for individuals with tertiary education, FIKUSZ 2012 : Symposium for young researchers: Proceedings, Budapest: Óbudai Egyetem, 2012. pp. 37-46.
  • Lentner, Cs. – Szigeti, C. – Borzán, A. (2011): New Dimension of Banks Social Responsibility, In: Szente V, Szendrő K, Varga Á, Barna R (szerk.) Abstracts of the 3rd International Conference of Economic Sciences: Sustainable Economics - Community Strategies, Kaposvár, Hungary, 2011.05.19-.20.University of Kaposvár ,
  • Nagy, O. – Jäckel, K. (2009): Is there trust towards professional financial consultancy as a service in Hungary? Research of the financial customs of Hungarian population, “Szakmai füzetek”, (Professional Booklets)26. issue, http://elib.kkf.hu/szakmaifuzetek_elemei/Page830.html (Hungarian)
  • Sahlman, W.A. (2009): Management and the financial crisis, Harvard Business http://www.hbs.edu/faculty/Publication%20Files/10-033.pdf, downloaded: 2013.01.14. School Working Paper,
  • Simai, M. (2009): The causes and potential consequences of the present global crisis, “Köz-gazdaság”, 2009/1. issue, pp.13-24 (Hungarian)
  • Soros, Gy. (2009): The credit crisis of 2008 and its consequences, Scolar Kiadó, Budapest. (Hungarian)
  • Hungarian National Bank (2012): Where do we stand in the world? Domestic financial culture reflected by an international study, Background material,http://www.mnb.hu/Root/Dokumentumtar/MNB/Sajtoszoba/Sajtos zobakozlemenyek/mnbhu-sajtokozlemeny-20120619- pk/PK_Hatteranyag_20120619.pdf, downloaded: 2012.03.19. (Hungarian)
  • OECD (2005): Improving Financial Literacy, Analysis of Issues and Policies, ftp://ftp.fsb.co.za/public/Consumer%20Education/Presentations/2005_Impr oving_Financial_Literacy.pdf, downloaded: 2013.02.06.
There are 14 citations in total.

Details

Other ID JA79NZ57YE
Journal Section Articles
Authors

ágnes Csiszárik-kocsir This is me

Mónika Fodor This is me

András Medve This is me

Publication Date June 1, 2013
Published in Issue Year 2013 Volume: 5 Issue: 1

Cite

APA Csiszárik-kocsir, á., Fodor, M., & Medve, A. (2013). THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH. International Journal of Social Sciences and Humanity Studies, 5(1), 22-32.
AMA Csiszárik-kocsir á, Fodor M, Medve A. THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH. IJ-SSHS. June 2013;5(1):22-32.
Chicago Csiszárik-kocsir, ágnes, Mónika Fodor, and András Medve. “THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH”. International Journal of Social Sciences and Humanity Studies 5, no. 1 (June 2013): 22-32.
EndNote Csiszárik-kocsir á, Fodor M, Medve A (June 1, 2013) THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH. International Journal of Social Sciences and Humanity Studies 5 1 22–32.
IEEE á. Csiszárik-kocsir, M. Fodor, and A. Medve, “THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH”, IJ-SSHS, vol. 5, no. 1, pp. 22–32, 2013.
ISNAD Csiszárik-kocsir, ágnes et al. “THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH”. International Journal of Social Sciences and Humanity Studies 5/1 (June 2013), 22-32.
JAMA Csiszárik-kocsir á, Fodor M, Medve A. THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH. IJ-SSHS. 2013;5:22–32.
MLA Csiszárik-kocsir, ágnes et al. “THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH”. International Journal of Social Sciences and Humanity Studies, vol. 5, no. 1, 2013, pp. 22-32.
Vancouver Csiszárik-kocsir á, Fodor M, Medve A. THE YOUNGSTERS FINANCIAL CONSCIUSNESS BASED ON THE RESULTS OF A QUESTIONNAIRE RESEARCH. IJ-SSHS. 2013;5(1):22-3.