Abstract
The cultivation of a positive concept of money and success among adolescents is of paramount concern to parents, teachers, helping professionals, and policymakers. Indeed, recent research in Hong Kong showed that a large number of adolescents would consider using unethical or even unlawful means to get money. Young people’s value judgments toward money are affected by the relationships between money and self-image, family relationships, one’s life mission, and the social environment; these issues are critical for the development of measures that help prevent the phenomenon of an excessive materialistic orientation among adolescents and should be considered prior to the implementation of a money literacy program. In this chapter, the notion of financial education is reviewed in order to develop a conceptual framework for guiding preventive actions.
The preparation for this work and the Project P.A.T.H.S. were financially supported by The Hong Kong Jockey Club Charities Trust.
This paper is based on an article originally published by The Scientific World Journal: Lee, T. Y., & Law, M. F. (2011). Teaching money literacy in a positive youth development program: The project P.A.T.H.S. in Hong Kong. The Scientific World Journal, 11, 2287–2298.
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Lee, T.Y., Law, B.M.F., Busiol, D. (2015). Construction of a Conceptual Framework on Money Literacy. In: Lee, T., Shek, D., Sun, R. (eds) Student Well-Being in Chinese Adolescents in Hong Kong. Quality of Life in Asia, vol 7. Springer, Singapore. https://doi.org/10.1007/978-981-287-582-2_7
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