Financial Life Skills of Finnish College Students: A Pilot Study on Credit Cards and Budgets

Authors

  • Marty Ludlum University of Central Oklahoma
  • Linn Hongell Arcada University of Applied Science
  • Christa Tigerstedt Arcada University of Applied Science
  • Burle Steelman University of Central Oklahoma
  • Cenea Reese University of Central Oklahoma

DOI:

https://doi.org/10.33423/jhetp.v19i4.2202

Keywords:

Higher Education, Financial Skills, College Student, Survey, Debt, Student Loans, Credit Cards

Abstract

Are Finnish students prepared for the realities of the economic world? Will Finnish college students be buried under student loans and credit card debt? We surveyed Finnish college students (n=135) in the spring of 2016. We examined their use of student loans, credit cards, budgeting, and gambling. We found student loans were modestly used, gambling was almost nonexistent, and budgets were underutilized. However, we found Finnish students to be uninformed about financial tools such as credit cards. We conclude with discussing how to move into new subject areas with this pilot project.

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Published

2019-09-02

How to Cite

Ludlum, M., Hongell, L., Tigerstedt, C., Steelman, B., & Reese, C. (2019). Financial Life Skills of Finnish College Students: A Pilot Study on Credit Cards and Budgets. Journal of Higher Education Theory and Practice, 19(4). https://doi.org/10.33423/jhetp.v19i4.2202

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Section

Articles