Table 3 Correlations between all study variables

1

Financial literacy

1

2

Financial education in matters of financial literacy

0.18***

1

3

Parental involvement in matters of financial literacy

0.01

0.275**

1

4

Competitiveness

0.19***

0.102**

0.114**

1

5

Work mastery

0.25***

0.188**

0.175**

0.338**

1

6

Meta-cognition: Understanding and remembering

0.31***

0.057**

0.045**

0.039*

0.218**

1

7

Meta-cognition: summarizing

0.35***

0.063**

0.040*

0.050**

0.241**

0.530**

1

8

Meta-cognition: assess credibility

0.44***

0.077**

0.002

0.067**

0.180**

0.374**

0.473**

1

9

Gender (1 female, 2 male)

−0.03

0.018

− 0.041**

0.137**

− .0.074**

− 0.280**

− 0.321**

− 0.185**

1

10

Grade

0.23***

0.246**

0.047**

.0380*

0.034*

0.064**

0.046**

0.080**

− 0.042**

1

11

Highest education of parents

0.20***

0.029

0.041**

0.086**

0.088**

0.104**

0.102**

0.086**

− 0.001

0.074**

1

12

Family wealth possessions

0.03

0.051**

0.078**

0.094**

0.024

− 0.031*

− 0.039*

− 0.037*

0.059**

0.035*

0.151**