Adaptation and validation of the economic and financial literacy test for chilean secondary students

Abstract

This article presents the results of the analysis of psychometric properties of the Economic and Financial Literacy Test (TAEF-E) after its application in 811 high school students from nine educational establishments in the cities of Santiago (48.6%) and Temuco (51.4%) and whose sample had a 52.5% participation of women. For the study, three scales were applied: TAEF-E, the Scale of Susceptibility to the influence of peers in consumption and the Attitude Scale towards materialism for adolescents, managing to demonstrate optimal levels of internal consistency, ad-equate factor validity with a one-dimensional structure and significant correlations with sociode-mographic and attitudinal variables, which allow to ratify as a whole, the validity and reliability of TAEF-E as an instrument to measure economic and financial literacy in secondary school students.