Gender, Academic Major and the Love of Money by University Students in South Africa

Abstract

The study investigated the love of money by university students in South Africa. In addition, the study  examined if there are significant differences in the love of money of university students on the basis of  gender and the academic major (business and non-business). Data was collected through the use of  self-administered questionnaire in a survey. The love of money questionnaire developed by Tang and Chiu  was adapted for the study. Descriptive statistics and the T-test were used for data analysis. The results  indicated that university students have a high love of money as measured by four factors which were  motivator, success, importance and rich. Male students have higher means than female students for   importance, success and rich. Female students have a higher mean than male students for motivation. There is no significant gender difference. Business students have higher level of love of money than non-business students.

Keywords: love of money, gender, academic major, university students, South Africa