A survey of financial literacy among university students: case of Gümüşhane University

The concept of financial literacy is a fairly new concept and there is no consensus in the literature. In general, financial literacy means that individuals have knowledge about financial services and products and can make financial decisions in accordance with this information. Research conducted in Turkey and in the world shows that very low rates of financial literacy. In 2006, Cude et al. Concluded that the financial information of the students was insufficient. In 2008, Lusardi and Mitchell found that the financial literacy rate among women is very low. In his thesis that university students investigated the level of financial literacy in Bayram 2010, the students revealed that their financial literacy levels were quite low and they were not aware of this situation. Lusardi and Mitchell, in their study in 2011, argued that the levels of financial literacy of women, the elderly, minorities and poorly educated people are low. About financial literacy in Turkey and the world it has been much research.In this context, a research on Gümüşhane University students is important. Considering that university students will be thrown into business life shortly and give their own economic decisions, their financial literacy is of great importance for the country's economy. Individuals who can manage their financial resources correctly will also ensure that the markets of the country operate effectively. This will be possible only if financial education is not given to work life.