A RESEARCH ON THE DETERMINATION OF FINANCIAL LITERACY LEVEL OF YOUNG PEOPLE WORKING IN ACCOMMODATION COMPANIES

OpenAlex İngilizce

Financial literacy is defined as individuals having the financial knowledge necessary to manage their savings, manage their personal debts and loans, and knowing how to invest in the short and long term. Individuals' levels of financial literacy are reflected in their savings, spending, and investment preferences. Individuals' culture, education, and income level are quite decisive in their savings, spending, and investment preferences. Differences in financial literacy levels across countries are seen to be reflected in individuals' levels of well-being. The research was conducted to determine the financial knowledge, behavior, and attitudes of employees working in accommodation businesses operating in the province of Muğla and women entrepreneurs regarding their financial literacy levels, as well as to identify their levels of financial literacy, investment, simple mathematics and interest calculations, personal banking, and credit and credit card usage. When looking at the basic economic and financial knowledge levels of employees working in accommodation businesses, it was observed that they have a basic level of financial knowledge, lack sufficient knowledge about investment, and do not make rational investments.