Applying multidimensional statistical methods in the diagnosis of financial literacy in Poland using the Big Five test
DOI:
https://doi.org/10.33119/SIP.2023.195.13Keywords:
financial literacy in Poland, R software, Big Five test, financial knowledge, categorical data analysisAbstract
Financial knowledge and financial abilities (skills) are understood as financial literacy. As we see from the previous research, the level of financial literacy and knowledge in Poland is low. It is important to fill the existing gap in the area of application of new and modern statistical methods that will allow for measuring the level of financial literacy through objective and reliable tools. In this paper we present results of own research on financial literacy in Poland based on Big Five questions. We apply the R software for statistical analysis.
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