Financial Literacy Among Israeli College Students

In this study, responses of 574 students from two colleges in Israel were used to examine three issues: (a) financial literacy (FL) among Israeli college students, (b) gaps in FL between Jews and Arabs, and (c) factors affecting students’ FL. The results showed that Israeli students exhibit a low level of FL and that FL is affected by gender, nationality, class rank, work experience, and college major. In addition, the study revealed large gaps in FL between Jews and Arabs.