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E2b How Does Financial Education Moderate the Association between Financial Satisfaction and Financial Anxiety?
Key Words
Financial Education, Financial Satisfaction, Financial Anxiety, National Financial Capability Study
Short Description
The purpose of this study is to empirically examine the effect of previous financial education experience using a more detailed approach and also the relationship between financial anxiety and financial satisfaction. The study will use the 2018 National Financial Capability Study (NFCS) dataset. In addition, this study will test whether there is a moderating role for financial education in the relationship between financial anxiety and financial satisfaction. The results of this study are expected to contribute as follow. First, this study will use a more comprehensive measure of financial anxiety and financial education. This will be based on new variables in the 2018 NFCS dataset. Instead of a single item measure for financial anxiety, this study will use three items about financial anxiety. Financial education experience will be measured with multiple items, including whether or not financial education was required, types of financial education provider, number of financial education hours, and perceived quality of the financial education.
First & Corresponding Author
Jae Min Lee, Minnesota State University Mankato
Authors in the order to be printed
Jae Min Lee, Kyoung Tae (KT) Kim, Sharon DeVaney