Determinants of Financial Problems Among Male Students

Abstract

This study describes the financial problems among male students in Pakistan. It inspects
the effect of financial socialization, financial awareness, and financial mind-set, effect
of socialization agents and financial behavior on alleged financial problems among
male students. The sample of 225 male students was selected randomly from different
colleges and universities in Pakistan. Aself-administered questionnaire was used as the
data collection tool. The results indicate that in order of priority, spendthrift attitude,
secondary socialization agents, conservative attitude, financial socialization and
financial behavior, directly foresee financial problems among the male students. In
addition, the results of indirect effects suggest that, financial socialization, spendthrift
attitude, financial awareness and secondary socialization agents indirectly effects the
financial behavior and financial problems.