Table 1 Summary of financial literacy assessment tools
Study | Sample | Method | Major findings |
|---|---|---|---|
Chen (2022) | 329 Participants | EFA | 23-Item basic financial literacy scale |
Méndez Prado et al. (2022) | 478 Participants | CFA | 44-Item financial attitude, financial behavior, financial knowledge scale |
Özer and Ersoy (2022) | 567 Fourth-grade primary school students | EFA, CFA | 17-Item financial literacy scale |
Celikten and Dogan (2020) | 457 Primary school students | EFA, CFA | 21-Item financial literacy scale |
Ranyard et al. (2020) | 589 Participants | EFA | 50-Item financial literacy scale |
Dinc et al. (2021) | 297 Participants | EFA | 40-Item Islamic financial literacy scale |
Uraz Kaya and Kilic (2021) | 300 Students | EFA, CFA | 35-Item financial knowledge, financial attitude, financial behavior scale |
Henager and Cude (2019) | 12,050 Participants | EFA | 7-Item financial literacy scale |
Kim et al. (2019) | 6784 Participants | EFA | 15-Item financial knowledge scale |
Dam and Hotwani (2018) | 160 IT Professionals | EFA | 32-Item financial literacy scale |
Sarıgül (2015) | 407 Students | EFA | 14-Item financial literacy attitude and behavior scale |
Knoll and Houts (2012) | 2539 Participants | CFA | 20-Item financial knowledge scale |