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We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...
Persistent link: https://www.econbiz.de/10014504767
indicators, emphasizing the subjective nature of well-being. The research objective is to investigate how savings and personal … financial literacy. Research methodology - the research investigates the impact of savings and personal budgeting indicators on … per capita). We applied Pearson's pairwise correlation between nine indicators of personal budgeting and savings and the …
Persistent link: https://www.econbiz.de/10014487620
Covid-19 and the unprecedented surge in financial technology contributed to unexpected financial challenges, affecting the relevance of financial decision making and perceived financial well-being. This paper examines the mediating effects of digital financial literacy, financial autonomy,...
Persistent link: https://www.econbiz.de/10014307492
Romania. It addresses the main factors driving the low levels of financial inclusion and the inter-dependence between … financial system development and financial education. To uncover what determinates financial well-being in Romania, a survey …
Persistent link: https://www.econbiz.de/10013290308
Persistent link: https://www.econbiz.de/10014584523
Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...
Persistent link: https://www.econbiz.de/10010429152
As advocates of financial literacy education, it is a hard pill to swallow when data show little impact on financial behaviours. Unfortunately, our expectations that university students with higher levels of financial literacy have reduced money management stress and good behaviours, leading to...
Persistent link: https://www.econbiz.de/10012826028
There are many concerns about financial competences of Millennials. Initial research on this generation suggests that it is less financially knowledgeable and exhibits less healthy financial behaviours compared to other generations. The goal of the article is to compare Millennials to...
Persistent link: https://www.econbiz.de/10012316856
Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...
Persistent link: https://www.econbiz.de/10012203420
The paper analyzes the satisfaction regarding the financial situation in Romania compared to the rest of the member … Median Income, but also satisfaction regarding the financial situation, based on the latest statistical data available on the … semantic differential method, it was possible to evaluate the degree of satisfaction with the financial situation of the …
Persistent link: https://www.econbiz.de/10014547076