Financial Literacy and Risk Aversion of University Students: Study Applied to Lusófona University Students
Financial Literacy and Risk Aversion of University Students: Study Applied to Lusófona University Students

Author(s): Cátia Rosário, Ana Lorga da Silva, António Augusto Costa
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: Over the past few years, the number of young people who choose to invest their savings in the fnancial markets has increased – investments such as savings accounts and treasury bonds where there is a guarantee of return on invested capital. They also invest in stocks, options, futures, swaps, bitcoins, among other fnancial products with different levels of risk. For investments to be made with relative safety, an adequate level of fnancial literacy is essential. Related to the concept of fnancial literacy is the concept of risk. In this study, a questionnaire was applied, and it had a dual purpose: to measure the level of fnancial literacy and measure the degree of fnancial risk aversion. The questionnaire was applied to students of the business management course at the Lusófona University; most respondents have fnancial knowledge and are not risk averse, which can be attributed to their area of study.

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