Title

YOUNG ADULTS’ FINANCIAL LITERACY, INVESTMENT STRATEGIES, AND WELL-BEING

Author(s)

Princess Ann Apon

Kristine Cabiles

Kaye Valdoz

Affiliation

Misamis University

Degree Program

Bachelor of Science In Business Administration

Contributor

Laput, Joseph Glenn J. - Adviser

Ilusorio, Gilda L. - Panel

Apao, Ariel A. - Panel

Carpio, Renzitelo Alf P. - Instructor

Year

2024

Abstract

This study explored the relationship between young adults' financial literacy, investment strategies, and financial well-being. The aim of the research was to assess the levels of financial literacy and investment strategies among young adults, as well as their overall financial well-being. A quantitative research design was employed, utilizing a survey instrument administered to 384 young adults through purposive sampling. Pearson correlation was used for statistical analysis. The findings indicate that young adults exhibit a high level of financial literacy in terms of knowledge and skills, alongside notably high investment strategies concerning risk tolerance and investment selection. Additionally, young adults demonstrate strong financial wellbeing in debt management, budgeting, and financial planning. A significant positive relationship was found between financial literacy and financial well-being, as well as a strong positive correlation between investment strategies and financial wellbeing. This research highlights the importance of financial literacy in enhancing young adults' financial outcomes and well-being. It is recommended that targeted financial education programs be developed to further improve financial literacy and investment skills among young adults.

Keywords

Financial Literacy, Investment Strategies, Well-Being