The Relationship Between Job Turnover Rates And Financial Literacy In

The Relationship Between Job Turnover Rates And Financial Literacy In


TheRelationship Between Job Turnover Rates And Financial Literacy InBlack Males


Thereexists a need to study and research on whether there is a connectionbetween the rates of undergraduate among the African Americanaccesses to financial literacy. This has been proven by previousresearch which has also shown that those in high debts produce lowgraduation rates among the African American students. Equally, thenumber of whites graduating exceeds that of the African Americancounters by a large margin. This paper presents a study on the aboveissues by presenting findings on whether the above statements aretrue.

Relationshipbetween job turnover rates among African American males and access tofinancial literacy

Variousresearch programs have been carried out to ascertain whether thereexists any relationship between job turnover rates among AfricanAmerican males and access to financial literacy. The research hasindeed proven that this relationship exists and these AfricanAmerican males have been found to have lower financial literacy ratescompared to the white counterparts (Harold, 1998).

Again,questions have been raised as to whether there is a relationshipbetween the African American family’s access to financial literacyand African American graduation rates. Access to financial literacyis greatly influenced by race and family income (Murphy, 2005).African American families have little or no access to financialliteracy compared to the whites. This implies that they have littleincome to take through students up to graduation time. This has to agreat extent increased the level of African American male dropoutsstanding at 10.4 % compared to the whites at 6 % (Terrell, 2005). Asa result, there exists low rates of job turnover by black malesespecially those between 21 and 25 years. From these findings, it canbe concluded that financial literacy in black males influences therate of job turnover.


Raceplays a major role in the access to financial literacy. Previousresearch has proven the above statement from difference in the numberof African American with access to financial literacy compared to thewhite counterparts. This in turn influences the level of AfricanAmerican students’ dropouts. As a result, the level of job turnoverrates increases. This implies that there is a relationship betweenAfrican American family’s accesses to financial literacy which inturn influences the level of job turnover among the African Americanmales.


Harold,P. (1998). A persistence model for African American male urbancommunity college students. Communitycollege journal of research and practice. 22,8, 751-760.

Murphy,A. (2005). Money, Money, Money: An explanatory study on the financialliteracy of black college students. Collegestudent journal.39, 3, 478-488.

Terrell,L. (2011). Traits, commitments, and college satisfaction among blackAfrican American community college students. Communitycollege journal of research and practice. 35,6, 437-453.