Purpose: The relationship between debt and happiness is an emerging research topic with significant implications for both theory and practice in economics and business. In China, where the consumer credit market is at an early stage of development, the topic remains under-investigated and the...

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,...

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...