The Effect of Financial Risk Tolerance on Financial Attitudes and Behaviors: A Study on Generation Z

Abstract

Numerous studies have been conducted on the concept of financial literacy, which is becoming increasingly important today, and generation Z, which will become dominant in the business world both in Turkey and in the world in the near future. The importance of financial attitudes and behaviors in terms of the financial well-being of countries is very great. Based on this, in this study, it Dec examined whether there is a relationship between the financial attitudes and behaviors of generation Z and financial risk tolerances. In this study, in which the financial risk tolerance levels and financial attitudes and behaviors of Generation Z living in Ankara Province were examined, data were collected from 431 people using the survey method. As a result of the analysis of the data, it was found that the financial risk tolerance of individuals belonging to Generation Z is on average and above average. In addition, previously financial attitudes and behaviors of generation Z varied according to gender, father's education level, monthly credit card spending, and the number of credit cards owned.