Financial Literacy and Capability of Public School Teachers
Keywords:
Financial literacy and capability, financial behavior of public school teachers, money management and investment planningAbstract
This research investigated public school teachers' financial literacy and capability in a medium-sized division in Central Philippines for the school year 2023–2024. Adopting a descriptive-correlational research design, the respondents were the 134 teachers who were determined using stratified random sampling. The researcher-validated questionnaire was used as a data-gathering instrument. The data were analyzed using the SPSS software and evaluated using mean, frequency count, Mann-Whitney U Test, and Spearman's rho correlation. Results indicated that most teachers showed a high financial literacy regarding financial knowledge, financial attitudes, and financial behavior. However, some gaps are found in planning ahead and choosing financial products and services. The findings also indicated statistically significant differences in financial literacy and capability of the public school teachers in terms of age, average monthly family income, and length of service. Furthermore, the findings reveal a moderately positive relationship. A synthesis of targeted interventions to improve teachers’ financial management and investment skills is suggested to promote their financial well-being.
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Copyright (c) 2025 Ryan M. Reyes, Dr. Luis P. Serviñas (Author)
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