Financial literacy and educational level in Ecuadorian students: a structural analysis
Background: Financial literacy has been recognized as a key competency for making in-formed economic decisions, particularly in contexts where access to financial products exceeds the population’s literacy level. However, in Ecuador, persistent gaps remain be-tween formal educational attainment and applied financial knowledge. In this context, the objective of this study was to analyze the relationship between educational level and financial literacy among Ecuadorian students.Methods: A quantitative approach was adopted, with a descriptive-correlational level, non-experimental type, and cross-sectional design. The sample consisted of 2,021 participants, selected through non-probabilistic convenience sampling. A structured questionnaire of 33 items was administered, distributed across four analytical dimensions. Statistical analysis was performed using SPSS and AMOS, including reliability testing, factorial validity, and structural model fit.Results: The results revealed that educational level has a significant effect on financial literacy. Individuals with higher education exhibited the highest levels, while those who completed only primary education showed the lowest. Four latent factors were validated: technical knowledge, socioeconomic impact of financial education, practical application of knowledge, and financial self-management.Conclusion: The correlations between these factors were strong and statistically significant, highlighting the pivotal role of educational level in shaping financial literacy. The proposed model presents a valid and consistent structure, effectively reflecting the relationships between the key variables. These findings emphasize the necessity for tailored and context-specific educational interventions that address the diverse needs of different population segments, thereby enhancing financial literacy across varying educational levels.