Vol. 7 No. 73 (2025): November
Artículos

Conceptual analysis of the construct of financial education, based on the characterization of its structural variables

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  • Filiberto E. Valdés Medina,
  • Minerva Martínez Ávila,
  • Efraín Jaramillo Benhumea
Filiberto E. Valdés Medina
Universidad Autónoma del Estado de México
Minerva Martínez Ávila
Universidad Autónoma del Estado de México
Efraín Jaramillo Benhumea
Universidad Autónoma del Estado de México
DOI: https://doi.org/10.51896/rilcods.v7i73.1036

Published 2025-12-03

Keywords

  • Financial Education,
  • Theoretical Construct,
  • Financial Literacy,
  • Financial Behavior

How to Cite

Valdés Medina, F. E., Martínez Ávila, M., & Jaramillo Benhumea, E. (2025). Conceptual analysis of the construct of financial education, based on the characterization of its structural variables. Desarrollo Sustentable, Negocios, Emprendimiento Y Educación, 7(73), 105–115. https://doi.org/10.51896/rilcods.v7i73.1036
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Abstract

Financial literacy is central to sound decision-making process. Its influence extends from the personal and family aspects to the social ones. However, despite its importance, the conceptualization of the term financial literacy, as well as its delimitation and operationalization, represents a challenge, resulting from the breadth of existing approaches. The aim of this paper is to identify and analyze the key factors that constitute the construct of financial literacy. To achieve this, a systematic review of specialized literature was conducted, along with an empirical analysis. The research is documental in scope and was based on a review of academic articles indexed in databases such as Scopus and Web of Science, as well as a review of highly valid instruments such as those of the OECD (2020) and Lusardi & Mitchell (2014). The results allow us to identify recurring themes, such as financial knowledge, financial behavior, attitudes toward saving and borrowing, and self-perception of financial control. These findings will enable the construction of robust models for the assessment of financial competence, applied to a variety of populations.

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