Using the right yardstick: Assessing financial literacy measures by way of financial well‐being

MD Schmeiser, JS Seligman - Journal of Consumer Affairs, 2013 - Wiley Online Library
Despite the proliferation of academic studies examining financial literacy and financial
outcomes, no consistent definition or empirically validated measures of financial literacy …

Measuring financial literacy

SJ Huston - Journal of consumer affairs, 2010 - Wiley Online Library
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 …

The effects of perceived and actual financial literacy on financial behaviors

S Allgood, WB Walstad - Economic inquiry, 2016 - Wiley Online Library
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 …

Financial literacy and financial behavior: Assessing knowledge and confidence

CT Asaad - Financial Services Review, 2015 - openjournals.libs.uga.edu
This article explores how financial literacy, comprised of both actual financial knowledge
and perceived financial confidence, affect financial decisions. Using national survey data …

Precautionary savings, retirement planning and misperceptions of financial literacy

A Anderson, F Baker, DT Robinson - Journal of financial economics, 2017 - Elsevier
We measure financial literacy among LinkedIn members, complementing standard
questions with additional questions that allow us to gauge self-perceptions of financial …

[HTML][HTML] Financial literacy and economic outcomes: Evidence and policy implications

OS Mitchell, A Lusardi - The journal of retirement, 2015 - ncbi.nlm.nih.gov
This paper reviews what we have learned over the past decade about financial literacy and
its relationship to financial decision-making around the world. Using three questions, we …

The relationships of financial literacy with both financial behavior and financial well‐being: Meta‐analyses based on the selective literature review

H Hwang, HI Park - Journal of Consumer Affairs, 2023 - Wiley Online Library
This study conducted meta‐analyses of the relationships between financial literacy and both
financial behavior and financial well‐being. Peer‐reviewed articles published on financial …

The financial knowledge scale: An application of item response theory to the assessment of financial literacy

MAZ Knoll, CR Houts - Journal of consumer affairs, 2012 - Wiley Online Library
Despite increasing interest in and funding for financial literacy and financial education
programs in the private and public sectors, the field of financial literacy still has a major …

Financial literacy and retirement planning in the United States

A Lusardi, OS Mitchell - Journal of pension economics & finance, 2011 - cambridge.org
We examine financial literacy in the US using the new National Financial Capability Study,
wherein we demonstrate that financial literacy is particularly low among the young, women …

The evolution of financial literacy over time and its predictive power for financial outcomes: Evidence from longitudinal data

M Angrisani, J Burke, A Lusardi… - Journal of Pension …, 2023 - cambridge.org
We administered the FINRA Foundation's National Financial Capability Study questionnaire
to members of the RAND American Life Panel in 2012 and 2018. Using this unique …