Financial Knowledge and Best Practice Behavior

Autor/inn/en	Robb, Cliff A.; Woodyard, Ann S.
Titel	Financial Knowledge and Best Practice Behavior
Quelle	In: Journal of Financial Counseling and Planning, 22 (2011) 1, S.60-70 (11 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Multiple Regression Analysis; Money Management; Credit (Finance); Consumer Education; Retirement; Insurance; Financial Services; Counseling + Suchen Sie Ihr Suchwort? Credit; Kredit; Konsumerziehung; Pensionierung; Counselling; Beratung
Abstract	The current research examines the relationship between personal financial knowledge (both objective and subjective), financial satisfaction, and selected demographic variables in terms of best practice financial behavior. Data are taken from the Financial Industry Regulatory Authority's (FINRA) National Financial Capability Study, a nationally representative sample of 1,488 participants and are analyzed using multiple regression analysis. Findings suggest that both objective and subjective financial knowledge influence financial behavior, with subjective knowledge having a larger relative impact. Other variables that have a significant impact on financial behavior include financial satisfaction, income, education, age, race, and ethnicity. (Contains 2 figures and 3 tables.) (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: http://afcpe.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10