Financial Literacy and School Culture on Attrition of Public School Teachers

Abstract

The study aimed to examine the levels of financial literacy, school culture, and attrition among public school teachers in the Pangantucan North and South Districts of the Division of Bukidnon, Philippines during the school year 2024-2025. It also investigated the relationship between school culture and financial literacy to attrition. Lastly, it identified the variables that best predict the attrition of teachers, whether singly or in combination. Descriptive-correlational research design was utilized and employed survey methods utilizing Likert scale. Results revealed that the public school teachers have moderate financial literacy as indicated by the overall mean result. On the other hand, they demonstrated an observed school culture in all sub-variables and as shown in the overall mean consisting of collaborative leadership, teacher collaboration, professional development, and collegial support. Furthermore, the respondents showed a moderate attrition in the overall mean. The correlation analysis revealed a significant relationship between the attrition of public school teachers and financial literacy specifically in the knowledge of budgeting. Regression results indicated that knowledge of budgeting also is the single predictor of teachers’ attrition. The findings suggest that enhancing public school teachers' financial literacy, particularly in budgeting, is important in reducing attrition rates and fostering a more supportive school environment. However, workplace condition, burn-out, toxicity, online jobs availability and other factors may play a big role in teachers’ attrition that need to be examined.