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Homework answers / question archive / Nature of the Study The qualitative method of research will be applied in studying the research question on financial literacy
Nature of the Study
The qualitative method of research will be applied in studying the research question on financial literacy. The research design method will be used to collect, compare and interpret different information that will be collected through interviews (Hennink et al., 2020). The qualitative method has been considered appropriate because data for the study will be collected through interviews and qualitative research design is applied in instances where data has been collected through interviews or observations. A narrative method of data analysis will be used to analyze the collected data (Hennink et al., 2020). Narratives will include analyzing the words or stories shared during the interviews or make conclusions about the gaps in financial education within the school district of Palm Beach County, Florida.
The advantage of using qualitative research in analyzing financial literacy in education is that it has the power to generate enough content required to answer the research questions on financial literacy (Hennink et al., 2020). Secondly, the use of qualitative data will ensure that the information provided is specific to the field of education. Lastly, the qualitative approach is a subjective method of research and thus, will answer the question on why there is financial illiteracy among the youths and teens in the US (Hennink et al., 2020). The limitation of the research method is that it will not address how these problems evolved or came into existence.
