{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,31]],"date-time":"2026-01-31T17:09:41Z","timestamp":1769879381558,"version":"3.49.0"},"reference-count":39,"publisher":"Anser Press Pte. Ltd.","license":[{"start":{"date-parts":[[2023,4,28]],"date-time":"2023-04-28T00:00:00Z","timestamp":1682640000000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JEA"],"accepted":{"date-parts":[[2023,4,19]]},"abstract":"<jats:p xml:lang=\"en\">&lt;p&gt;&lt;big&gt;Financial literacy seems to be more important and focused than ever. Several recent studies have found that Portugal is at bottom of the table compared to the Eurozone countries regarding financial literacy. As it&amp;rsquo;s a key factor in the development of a country, it appears to be crucial to understand what people know about financial matters when they complete compulsory schooling. With a sample of 296 Portuguese students who enrolled in the polytechnic higher education system for the first time, we studied if they understand simple concepts related to financial issues (such as loans), as well as whether they are aware of the risk of not recovering the money invested that is embedded in some of the most talked-about and common financial products that are available in the market. This last objective seems to be relevant since a lot of fraudulent schemes involving teenagers, young adults, and financial markets have emerged in recent years. From the results, some disturbing conclusions can be drawn. For instance, more than two-thirds of the sample do not know what Euribor is (similar result regarding Spread). About a third of the simple do not understand inflation&amp;rsquo;s consequences. 16,9% do not know what term deposits are, and derivative products and saving certificates are seen as very alike regarding the risk they represent. Students who chose a business-related course as their first choice when applying showed a higher level of financial literacy, although it is still low compared to what one would expect.&lt;\/big&gt;&lt;\/p&gt;<\/jats:p>","DOI":"10.58567\/jea02020007","type":"journal-article","created":{"date-parts":[[2023,4,28]],"date-time":"2023-04-28T08:49:12Z","timestamp":1682671752000},"source":"Crossref","is-referenced-by-count":4,"title":["Financial literacy of Portuguese undergraduate students in polytechnics: does the area of the course influence financial literacy?"],"prefix":"10.58567","author":[{"given":"Paula","family":"Sarabando","sequence":"first","affiliation":[{"name":"School of Technology and Management, Polytechnic Institute of Viseu, Viseu, Portugal"},{"name":"Institute for Systems Engineering and Computers (INESC-Coimbra), Coimbra, Portugal"}]},{"given":"Roge rio","family":"Matias","sequence":"additional","affiliation":[{"name":"School of Technology and Management, Polytechnic Institute of Viseu, Viseu, Portugal"}]},{"given":"Pedro","family":"Vasconcelos","sequence":"additional","affiliation":[{"name":"PricewaterhouseCoopers, Portugal"}]},{"given":"Tiago","family":"Miguel","sequence":"additional","affiliation":[{"name":"School of Technology and Management, Polytechnic Institute of Viseu, Viseu, Portugal"}]}],"member":"37399","published-online":{"date-parts":[[2023,4,28]]},"reference":[{"key":"ref1","unstructured":"Allianz. (2017). When will the penny drop? Money, financial literacy and risk in the digital age. In International Pension Papers 1\/2017. https:\/\/gflec.org\/wp-content\/uploads\/2017\/01\/Allianz-international-pensions-financial-literacy-2017-report.pdf"},{"key":"ref2","doi-asserted-by":"publisher","unstructured":"Ameer, R., & Khan, R. (2020). Financial Socialization, Financial Literacy, and Financial Behavior of Adults in New Zealand. Journal of Financial Counselling and Planning, 31(2), 313\u2013329. https:\/\/doi.org\/10.1891\/JFCP-18-00042","DOI":"10.1891\/JFCP-18-00042"},{"key":"ref3","unstructured":"Banco de Portugal. (2010). Relat\u00f3rio do inqu\u00e9rito \u00e0 literacia financeira da popula\u00e7\u00e3o portuguesa. https:\/\/www.bportugal.pt\/sites\/default\/files\/relatorio_do_inquerito_a_literacia_financeira_da_populacao_portuguesa_2010.pdf"},{"key":"ref4","doi-asserted-by":"publisher","unstructured":"Braje, I. N., Klind\u017ei\u0107, M., & Galeti\u0107, L. (2019). 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L., & Williams, J. (2021). The psychology of cryptocurrency trading: Risk and protective factors. Journal of Behavioral Addictions, 10(2), 201\u2013207. https:\/\/doi.org\/10.1556\/2006.2021.00037","DOI":"10.1556\/2006.2021.00037"},{"key":"ref12","unstructured":"ECB. (2021). Economic Bulletin, Issue 8\/2021. https:\/\/www.ecb.europa.eu\/pub\/pdf\/ecbu\/eb202108.en.pdf"},{"key":"ref13","unstructured":"EDULOG - Funda\u00e7\u00e3o Belmiro de Azevedo. (2019). A equidade no acesso ao ensino superior. https:\/\/edulog.pt\/storage\/app\/uploads\/public\/5ee\/947\/8c1\/5ee9478c168c9301892021.pdf"},{"key":"ref14","doi-asserted-by":"publisher","unstructured":"Erg\u00fcn, K. (2018). Financial literacy among university students: A study in eight European countries. International Journal of Consumer Studies, 42(1), 2\u201315. https:\/\/doi.org\/10.1111\/IJCS.12408","DOI":"10.1111\/IJCS.12408"},{"key":"ref15","doi-asserted-by":"publisher","unstructured":"Fan, L., & Zhang, L. (2021). The Influence of Financial Education Sources on Emergency Savings: The Role of Financial Literacy. Family and Consumer Sciences Research Journal, 49(4), 344\u2013361. https:\/\/doi.org\/10.1111\/FCSR.12400","DOI":"10.1111\/FCSR.12400"},{"key":"ref16","doi-asserted-by":"crossref","unstructured":"Faulkner, A. (2022) Financial Literacy around the World: What We Can Learn from the National Strategies and Contexts of the Top Ten Most Financially Literate Nations, The Reference Librarian, 63:1-2, 1-28, DOI: 10.1080\/02763877.2021.2009955","DOI":"10.1080\/02763877.2021.2009955"},{"key":"ref17","unstructured":"Fernando, J., Kindness, D., & Munichiello, K. (2020). Time Value of Money Explained with Formula and Examples. Investopedia. https:\/\/www.investopedia.com\/terms\/t\/timevalueofmoney.asp"},{"key":"ref18","doi-asserted-by":"publisher","unstructured":"Hermansson, C., & Jonsson, S. (2021). The impact of financial literacy and financial interest on risk tolerance. 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The profile of the Portuguese regarding the perception of financial literacy. Managerial Finance, 48(9\/10), 1301\u20131316. https:\/\/doi.org\/10.1108\/MF-05-2021-0210","DOI":"10.1108\/MF-05-2021-0210"},{"key":"ref37","unstructured":"Schagen, S., & Lines, A. (1996) Financial Literacy in Adult Life: a Report to the NatWest Group Charitable Trust (Slough, Berkshire: National Foundation for Educational Research). https:\/\/www.nfer.ac.uk\/publications\/91091\/91091.pdf"},{"key":"ref38","doi-asserted-by":"publisher","unstructured":"Wang, H., & Hanna, S. (1997). Does Risk Tolerance Decrease with Age? Journal of Financial Counseling and Planning, 8(2), 27\u201332. https:\/\/doi.org\/10.2139\/SSRN.95489","DOI":"10.2139\/SSRN.95489"},{"key":"ref39","doi-asserted-by":"publisher","unstructured":"Yao, R., Sharpe, D.L., & Wang, F. (2011). Decomposing the age effect on risk tolerance. 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