Impact of Family’s Socio-Economic Context on Financial Literacy of Young Entrepreneurs

Abstract

This study aims to analyze parents’ socio-economic relationships which include parental education, parental occupation, and parental income towards financial literacy. This study uses a sample of young entrepreneurs, students who are active in college and they also run a business. The results showed that the level of financial literacy of young entrepreneurs was at a moderate level. Furthermore, parental education and income have a relationship with financial literacy, whereas parental work does not influence financial literacy.

Keywords

• financial literacy
• parental education
• parental occupation
• parental income
• young entrepreneurs