Effective finance to increase financial well‐being for low‐income families: Empirical examination and policy implications
Effective finance is a finance system that assures individuals and families of having beneficial access to financial services and skills. It is a precondition for financial well‐being. Drawing upon a low‐income sample (N = 1473) from the 2016 National Financial Well‐Being Survey, this study examines...
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| Veröffentlicht in: | The Journal of consumer affairs 2022-12, Vol.56 (4), p.1638-1657 |
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| container_end_page | 1657 |
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| container_issue | 4 |
| container_start_page | 1638 |
| container_title | The Journal of consumer affairs |
| container_volume | 56 |
| creator | Huang, Jin Sherraden, Michael Sherraden, Margaret S. Johnson, Lissa |
| description | Effective finance is a finance system that assures individuals and families of having beneficial access to financial services and skills. It is a precondition for financial well‐being. Drawing upon a low‐income sample (N = 1473) from the 2016 National Financial Well‐Being Survey, this study examines whether financial skills and financial access are associated with financial well‐being and material hardship. The results identify positive interactions between financial access and financial skills on financial well‐being. The findings point to effective finance policies that have the potential to reduce material hardship and support financial well‐being for low‐income families. |
| doi_str_mv | 10.1111/joca.12484 |
| format | Article |
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The findings point to effective finance policies that have the potential to reduce material hardship and support financial well‐being for low‐income families.</description><subject>Access</subject><subject>Economic well being</subject><subject>effective finance</subject><subject>Families & family life</subject><subject>financial access</subject><subject>financial capability</subject><subject>Financial services</subject><subject>financial skills</subject><subject>financial well‐being</subject><subject>material hardship</subject><subject>poverty</subject><subject>Skills</subject><issn>0022-0078</issn><issn>1745-6606</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE1OwzAQhS0EEqWw4QSW2CGljJ0fJ-yqqvwJqZvuI9eZIFeJHeyU0gUSR-CMnAS3gS2zeZqnb2Y0j5BLBhMW6mZtlZwwnuTJERkxkaRRlkF2TEYAnEcAIj8lZ96vARgHASPyMa9rVL1-Q1prI41C2luqjXIo_Z-nZUO32DTfn18r1OaF1tbRxm5DH0jbBk62utHob-m87bTTKkzgezCN7LU1VJqKdrbRakd12wU92P6cnNSy8Xjxq2OyvJsvZw_R8-L-cTZ9jlQcJ0mUVkzEgJAXGYeCV3UVM1AcUOQYfowRqoyt0jThkCmhCojVShWs4qmIC4HxmFwNaztnXzfo-3JtN86EiyUXiSgyAZAH6nqglLPeO6zLzulWul3JoNynW-7TLQ_pBpgN8FY3uPuHLJ8Ws-kw8wMb2X-G</recordid><startdate>20221201</startdate><enddate>20221201</enddate><creator>Huang, Jin</creator><creator>Sherraden, Michael</creator><creator>Sherraden, Margaret S.</creator><creator>Johnson, Lissa</creator><general>Wiley Periodicals, Inc</general><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>DHY</scope><scope>DON</scope></search><sort><creationdate>20221201</creationdate><title>Effective finance to increase financial well‐being for low‐income families: Empirical examination and policy implications</title><author>Huang, Jin ; Sherraden, Michael ; Sherraden, Margaret S. ; Johnson, Lissa</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3344-5d1730e08962092dfd310c20e78e7453e0d61b554206c7c903cbc91d257397e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Access</topic><topic>Economic well being</topic><topic>effective finance</topic><topic>Families & family life</topic><topic>financial access</topic><topic>financial capability</topic><topic>Financial services</topic><topic>financial skills</topic><topic>financial well‐being</topic><topic>material hardship</topic><topic>poverty</topic><topic>Skills</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Huang, Jin</creatorcontrib><creatorcontrib>Sherraden, Michael</creatorcontrib><creatorcontrib>Sherraden, Margaret S.</creatorcontrib><creatorcontrib>Johnson, Lissa</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><jtitle>The Journal of consumer affairs</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Huang, Jin</au><au>Sherraden, Michael</au><au>Sherraden, Margaret S.</au><au>Johnson, Lissa</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Effective finance to increase financial well‐being for low‐income families: Empirical examination and policy implications</atitle><jtitle>The Journal of consumer affairs</jtitle><date>2022-12-01</date><risdate>2022</risdate><volume>56</volume><issue>4</issue><spage>1638</spage><epage>1657</epage><pages>1638-1657</pages><issn>0022-0078</issn><eissn>1745-6606</eissn><abstract>Effective finance is a finance system that assures individuals and families of having beneficial access to financial services and skills. 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| identifier | ISSN: 0022-0078 |
| ispartof | The Journal of consumer affairs, 2022-12, Vol.56 (4), p.1638-1657 |
| issn | 0022-0078 1745-6606 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Business Source Complete |
| subjects | Access Economic well being effective finance Families & family life financial access financial capability Financial services financial skills financial well‐being material hardship poverty Skills |
| title | Effective finance to increase financial well‐being for low‐income families: Empirical examination and policy implications |
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