Effective consumer financial education provides relevant information to meet special needs of targeted audiences. The purpose of this study is to compare financial capability among three types of student loan holders, who completed, did not complete, and are enrolled in a higher education...

Present bias is an important term in behavioral finance that is derived from the concept of self-control. Empirical research finds that present bias is associated with undesirable spending, borrowing, and saving behavior. Unlike previous research that focuses on one domain of financial behavior,...

Present bias is an important term in the theory of self‐control in behavioral finance. Empirical research finds that present bias is associated with undesirable spending, borrowing, and saving behaviors. Unlike previous research that focuses on one domain of financial behavior, the purpose of...

Purpose: To investigate the roles of financial literacy, financial behavior, and financial capability as mediating factors between financial education and financial satisfaction.Methodology: The data is from the 2012 National Financial Capability Study, a large national dataset with rich...