Honors Program
University Honors
Date of Award
5-2018
Thesis Professor(s)
Larry White
Thesis Professor Department
Economics and Finance
Thesis Reader(s)
Anca Traian, Michael Hoff
Abstract
Debt levels are rising significantly in America. More and more people are accumulating debt in the forms of mortgages, student loans, credit cards, and car loans. Basic financial principles such as saving, budgeting, investing, and paying bills are not being utilized consistently by the average individual. This is because of financial illiteracy. The vast majority of Americans do not have the basic knowledge and understanding of these financial concepts to adequately put them into practice in their daily lives. This study focuses on the levels of college students’ financial literacy, how that pertains to the rising debt crisis, and explores potential solutions to these problems.
Publisher
East Tennessee State University
Document Type
Honors Thesis - Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Recommended Citation
Styles, Mikala, "A Financial Epidemic: How Financial Literacy Affects College Students’ Financial Management Practices and the Debt Crisis in America" (2018). Undergraduate Honors Theses. Paper 444. https://dc.etsu.edu/honors/444
Copyright
Copyright by the authors.