Vocational and senior high school differences in financial literacy

Abstract

Abstract Lack of knowledge and understanding of students in financial has an impact on difficulties in financial management and its decision making, so they tend to behave consumptively. The purpose of this study was to examine differences in financial literacy between senior high school students and those from vocational high schools according to the characteristics of gender, education, and parents’ income in the Tangerang Regency. The design of the research was comparative research. The number of samples was 371 samples chosen by using proportionate random sampling. The research instrument had been verified for its validity and reliability. The authors used crosstab, independent samples t-test, and ANOVA analysis. Results showed that the level of students’ financial literacy was in the category of the medium tier. It was revealed that there was a significant correlation between senior high school and vocational school related to student financial literacy; however, gender, parents’ education, and parents’ income had no significance. Meanwhile, the result of the different tests according to school characteristics showed that there was no significant difference in the level of financial literacy between senior high school students and vocational high schools, as well as gender characteristics, education, and parents’ income. The results of this study contributed to schools to increase understanding of the importance of financial literacy for students.