Perceptions of Primary Stage Children towards Financial Awareness

Abstract

The study aimed to identify the extent of primary grades children awareness of financial concepts (saving, spending, financial participation, extravagance and wastefulness), and the obstacles to developing financial awareness as they perceive them. The study relied on the Q-methodology as a method and tool, and the sample included 38 children from the third grade of primary school in early childhood schools in Riyadh. The study showed the following results: Awareness of the children participating in the first and third points of view of the concept (saving - spending - extravagance and wastefulness), low awareness of the children participating in the second and fourth points of view of these concepts, awareness of the children participating in all points of view of the concept of financial participation. There are several obstacles facing the development of financial awareness among third grade primary school children. The study provided several recommendations that are hoped to contribute to the development of financial awareness among primary school children and to solving the obstacles they face in this regard.