The relation between financial knowledge, attitudes towards money, financial self-efficacy, and financial behavior among high school students in the Netherlands

A. Amagir, Arie Wilschut, Wim Groot

Research output: Contribution to journalArticleAcademicpeer-review


We provide evidence on the relationship between four different aspects of financial literacy: Financial knowledge, attitudes towards money, self-efficacy, and financial behavior. Ninth-grade high school students (N = 2 025) in 22 schools and in four different educational tracks in the western part of the Netherlands took part in the survey. A multilevel analysis at school and individual level was applied. Findings show that financial behavior is highly associated with attitudes towards money as well as financial knowledge. Attitudes towards money, in turn, are associated with financial behavior and financial knowledge. Furthermore, financial knowledge is related to attitudes towards money and financial behavior. In order to improve financial behavior among high-school students, financial education programs should have a holistic approach and address all aspects of financial literacy.
Original languageEnglish
Pages (from-to)387-400
Number of pages14
JournalEmpirische Pädagogik
Issue number3/4
Publication statusPublished - 2018

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