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A Delphi Study to Identify Personal Finance Core Concepts and Competencies of First‐Generation College Students
Author(s) -
Kabaci M. J.,
Cude Brenda J.
Publication year - 2015
Publication title -
family and consumer sciences research journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.372
H-Index - 31
eISSN - 1552-3934
pISSN - 1077-727X
DOI - 10.1111/fcsr.12100
Subject(s) - delphi method , delphi , core competency , financial literacy , psychology , core (optical fiber) , medical education , finance , computer science , medicine , business , marketing , telecommunications , artificial intelligence , operating system
The purpose of this study was to gain consensus among researchers and college educators using the Delphi method about the personal finance knowledge, skills, and actions/behaviors that are important for all first‐generation college students. A group of five experts who had knowledge of college students’ financial literacy needs participated as panelists. Three rounds of questionnaires elicited responses from the panelists to identify personal finance core concepts and competencies that are most crucial for first‐generation college students. All 14 personal finance concepts and 234 competencies gained consensus. The mean rankings by importance of each personal finance concept and competency were identified.