Financial Literacy: The Relationship to Saving Behavior in Low- to Moderate-income Households

This study was designed to explore financial literacy in low‐ to moderate‐income households with regard to saving behavior. The study examined the low‐ to moderate‐income household's decision to save regularly and their responses to three questions related to financial literacy and a self‐repor...

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Veröffentlicht in:Family and consumer sciences research journal 2015-09, Vol.44 (1), p.73-87
Hauptverfasser: Henager, Robin, Mauldin, Teresa
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container_title Family and consumer sciences research journal
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creator Henager, Robin
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description This study was designed to explore financial literacy in low‐ to moderate‐income households with regard to saving behavior. The study examined the low‐ to moderate‐income household's decision to save regularly and their responses to three questions related to financial literacy and a self‐reported perception of financial knowledge. Perceived financial knowledge and planning (usually or most of the time) were good indicators of the decision to save regularly.
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source Wiley Online Library Journals Frontfile Complete; Sociological Abstracts
subjects Decision making
Family income
Financial literacy
Financial planning
Households
Knowledge
Low income groups
low- to moderate-income
Middle class
perceived financial knowledge
saving behavior
Savings
title Financial Literacy: The Relationship to Saving Behavior in Low- to Moderate-income Households
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