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, effects were larger for those with greater financial knowledge, suggesting this type of tool complements, rather than …
Persistent link: https://www.econbiz.de/10013477215
. Our paper highlights the importance of financial knowledge in explaining families' preparedness to deal with unexpected …
Persistent link: https://www.econbiz.de/10013309614
This study explores financial knowledge patterns from 2009 to 2018, focusing on objective and subjective knowledge …, overconfidence in financial knowledge, and “Don’t know” responses. We used four waves of National Financial Capability Study (NFCS …) datasets. Objective financial knowledge was lower in 2018 than in 2009, and the proportion of individuals who were …
Persistent link: https://www.econbiz.de/10013292614
Using a US nationally representative sample of over 6,000 adults from 26 countries of ancestry, we find a strong association between their financial literacy in the US and the financial literacy level in their self-reported country of ancestry. More specifically, if an individual from a country...
Persistent link: https://www.econbiz.de/10012237342
Persistent link: https://www.econbiz.de/10014520499
We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is ….8%). The findings also show that the correlation between knowledge and financial planning is low, albeit positive. To promote …
Persistent link: https://www.econbiz.de/10014140194
Persistent link: https://www.econbiz.de/10010416727
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
Persistent link: https://www.econbiz.de/10012897977
Financial literacy, a cornerstone of family economic well-being, is surprisingly low in the United States. The literature has established that financial literacy is lower among women than among men. As sound financial decision-making among both male and female household heads is of paramount...
Persistent link: https://www.econbiz.de/10012841860
theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to determine …
Persistent link: https://www.econbiz.de/10014250163