Exploring Financial Literacy among Senior High School Students in Georgia: A Qualitative Study on Factors Influencing Financial Knowledge and Skills

Abstract

This study aims to investigate the financial literacy of senior high school students in Georgia and identify the factors that contribute to their level of financial literacy. The study utilized a qualitative research method to collect data from a sample of 15 senior high school students from private school in Georgia. The data collected were analyzed using thematic analysis to identify themes and patterns related to financial literacy among the participants. The findings of this study provide insights into financial literacy and highlight the importance of financial literacy education. Family and educational background play a significant role in shaping students’ financial literacy, and access to financial education resources may also be a factor in their level of financial literacy. While the findings offer valuable insights, several limitations should be noted. The sample size is small and not representative of all students, given the exclusive focus on one private school. Additionally, the study does not extensively explore the influence of cultural or socioeconomic factors on students' financial literacy. These limitations underscore the need for caution when generalizing the findings and suggest directions for future research.