Abstract— Would teachers’ own lack of financial literacy inhibit their teaching financial education in the classroom? Using unique data from a sample of elementary school teachers in Taiwan, this paper examines the impact of teachers’ personal financial literacy on the effectiveness of their financial education teaching. Our results substantiated that there is a positive correlation between teachers’ financial literacy and financial education teaching. Furthermore, elementary school teachers underlying this study, as a group, show medium-high levels of financial literacy. Teachers generally believe that current elementary school textbooks cannot cultivate sufficient financial management knowledge in elementary school students, suggesting the unsuitability of financial education curricular materials for elementary school teachers. Finally, the results showed that elementary school teachers did not demonstrate significant differences in “highest degree earned,” “college major,” “number of years teaching social studies,” or “school location” in terms of financial literacy as well as financial education teaching.

Index Terms— Elementary school teacher, financial literacy, financial education.

Hsu-Tong Deng is with the Department of Business Administration, Jin-Wen University of Science and Technology, New Taipei City, Taiwan (e-mail: kendeng@just.edu.tw).
Li-Chiu Chi is with the Department of Finance, National Formosa University, Yunlin, Taiwan (e-mail: stella@nfu.edu.tw).
Nai-Yung Teng is with the Department of Leisure Services Management, Chaoyang University of Technology, Taichung, Taiwan (e-mail: nyteng@cyut.edu.tw).
Tseng-Chung Tang is with the Department of Business Administration, National Formosa University, Yunlin, Taiwan. (e-mail: tctang@nfu.edu.tw).
Chun-Lin Chen is with the Office of Student Affairs, Tounan Primary School, Yunlin, Taiwan (e-mail: nea16753@gmail.com).

Cite: Hsu-Tong Deng, Li-Chiu Chi, Nai-Yung Teng, Tseng-Chung Tang, and Chun-Lin Chen, " Influence of Financial Literacy of Teachers on Financial Education Teaching in Elementary Schools," International Journal of e-Education, e-Business, e-Management and e-Learning vol. 3, no. 1, pp. 68-73, 2013.