Nowadays, the economy is becoming more complex and social processes are increasingly requiring students to become capable producers or consumers. Hence, it is widely regarded that a person must possess financial literacy as an economic entity. In addition to certain financial institutions, numerous educational institutions have made personal financial literacy education a priority. Obviously, residential colleges play an outsized role in students’ daily lives and should provide an environment in which resident students can learn the skills needed for financial independence. This chapter therefore reviews the extent to which financial literacy activities are embedded in residential colleges through a systematic review method. It also provides practical guidelines on how financial literacy education can be conducted in residential education. Copyright © 2022 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
|Title of host publication||Evolving landscape of residential education: Enhancing students’ learning in university residential halls|
|Editors||Samuel Kai Wah CHU, Kevin Kin Man YUE, Christina Wai-Mui YU, Elaine Suk Ching LIU, Chun Chau SZE, Kevin CONN, Elsie ONG, Wing Tung Michelle CHENG, Jingyuan FU, Shida HOU|
|Place of Publication||Singapore|
|Publication status||Published - 2022|
CitationFu, J., Hou, S., & Yu, C. W.-M. (2022). Introducing financial literacy to residential colleges’ general education: A systematic review. In S. K. W. Chu, et al. (Eds.), Evolving landscape of residential education: Enhancing students’ learning in university residential halls (pp. 111-127). Singapore: Springer.
- Financial literacy
- Residential education
- Financial socialisation
- Learning community
- Systematic review