Financial literacy (or financial knowledge) is typically an input to model the need for financial education and explain variation in financial outcomes. Defining and appropriately …
Despite the proliferation of academic studies examining financial literacy and financial outcomes, no consistent definition or empirically validated measures of financial literacy …
D Warmath, D Zimmerman - Journal of Consumer Affairs, 2019 - Wiley Online Library
For well over a decade, financial literacy has been a primary lens through which researchers approach financial education. Unfortunately, in most cases, this potentially rich construct is …
TA Lucey - Journal of Family and Economic Issues, 2005 - Springer
Financial education represents an area of popular interest, owing largely to the Jump $ tart surveys of financial literacy. However, while the surveys represent indicators of financial …
Current economic conditions have raised serious concerns about Americans' financial security, especially for those who lack the skills and resources to withstand financial market …
J Schuchardt, SD Hanna, TK Hira, A Lyons… - Journal of Financial …, 2009 - papers.ssrn.com
Twenty-nine scholars from public and private universities, non-profit organizations, and the federal government participated in a National Research Symposium on Financial Literacy …
G Nicolini, M Haupt - International Journal of Financial Studies, 2019 - mdpi.com
The hypothesis that people with more financial literacy make better financial decisions and show positive financial behaviors is crucial for more than one stakeholder. A weak …
A combined measure of financial literacy that includes both a test score of actual financial literacy and a self‐rating of overall financial literacy is used in this study. We find that the …
Purpose The purpose of this paper is to review the main methods used in the literature to measure financial literacy (FL) of individuals. Design/methodology/approach The paper …