The Financial Factors Affecting The Well-Being Of Students In Chinese Higher Vocational Colleges - A Case Study Of Guiyang, China

DOI

10.2991/978-94-6463-368-9_60How to use a DOI?

Keywords

Financial well-being; Financial literacy; Financial socialization; Financial anxiety

Abstract

The purpose of the research is to explore the financial factors affecting the well-being of students in Chinese Higher vocational colleges -- A case Study of Guiyang, China and to analyze the financial factors affecting the well-being of students in Chinese Higher vocational colleges--A case Study of Guiyang, China. This research integrated quantitative research techniques. In-depth interview of business of Vocational College Students in Guiyang City, China and to develop a valid and reliable questionnaire, as an instrument for quantitative research. The samples collected were 400 questionnaires submitted by vocational college students in Guiyang, China. Using Taro Yamane’s formula at a tolerance level of 0.05. The data were analyzed by using descriptive statistics of percentage, mean, and inferential statistics of Regression Analysis.

The research revealed that: Financial literacy and financial socialization have a significant positive impact on financial well-being. Through learning and enhancing financial literacy, students will be able to better manage their finances, cope with risks and make full use of financial resources and services. When students actively participate in financial socialization, they have access to more financial information, resources, and opportunities, and can expand their networks and social resources, thereby enhancing their financial well-being. This will bring them better financial status and financial well-being, and lay a solid foundation for future personal development. Financial anxiety has a significant negative impact on financial well-being. Financial anxiety can cause students to feel uneasy about their financial situation, increasing their feelings of stress and anxiety, and can also lead to a lack of confidence in their financial knowledge and skills, which can discourage students from actively engaging in financial activities and reduce their financial well-being.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Yang Yang
AU  - Nusanee Meekaewkunchorn
AU  - Tatchapong Sattabut
AU  - Chaiyawit Muangmee
PY  - 2024
DA  - 2024/02/14
TI  - The Financial Factors Affecting The Well-Being Of Students In Chinese Higher Vocational Colleges - A Case Study Of Guiyang, China
BT  - Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023)
PB  - Atlantis Press
SP  - 511
EP  - 518
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-368-9_60
DO  - 10.2991/978-94-6463-368-9_60
ID  - Yang2024
ER  -