Determinants of the financial literacy levels among employees

  • Ali Antepli 464227
Keywords: Financial literacy, employees, finance


Financial literacy can be defined as making financial management focused on daily life. In other words, financial literacy is defined as the choice of how to use the financial instruments used in daily life. With the development of globalization in the national economies, the variety of financial instruments has increased and the effects of financial factors on economic growth and development have become important. Financial literacy, expressed as the ability of individuals to achieve income and expenditure balances, to make savings, that is, to manage money; it is necessary to have sufficient knowledge about financial management. Individuals who have the ability of financial literacy, can easily provide income-balance, balance, and they can also prepare a budget, making savings for future and manage their debt. The financial literacy has positive effects on individual financing, and it also contributes to the balance of social finance. This study was conducted in order to determine the financial literacy level of public employees in Beyşehir district of Konya province. In this context, a total of 69 questions were asked to 203 public employees working in the Beyşehir district of Konya, 7 of which were personal information forms and 62 of them were financial literacy. The answers were analyzed in SPSS package program. According to the results of the study, it was identified that 65% of the participants learned the method of spending from their families; 73.9% of them made monthly expenditure budget; that 37.4% regularly  kept the income records;  that 47.3%  viewed themselves unsuccessful in managing their financial cases ; and that 93.1% used online banking  applications. In the direction of  the answers  given by public employees participating  in the study, it was identified that the concepts of payroll; EFT/transfer,  advance,  individual pension, bond, bank receipt, income tax, deposit,   and  financial  the most, that the concepts they have information the least were  the ratio, betterment,  drawing,  real estate certificate, liquid fund, liquidity, dividend, and variable fund.

How to Cite
Antepli, A. (2019). Determinants of the financial literacy levels among employees. Journal of Hospitality, 1(2), 106-120. Retrieved from