Relationship between subjective financial knowledge and financial education: Identification of determinants in students of the Technical University of Oruro, Bolivia

Abstract

In university education, it is crucial to identify elements that affect financial knowledge in Oruro, Bolivia. Determining factors were found in first-year students on financial education. Using a binary logistic model with 302 surveys, influential variables in subjective financial understanding were recognized, such as: having another occupation, money management, behavioral finance, free coexistence, monthly savings, financial planning, and access to credit. These findings will allow the creation of strategies focused on optimizing financial education.