2020 Conference
May 18–20, 2020
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109 The Influence of Financial Knowledge, Financial Stress and Help Seeking Activities on Financial Decision Making: Evidence from the Canadian Financial Capability Survey
Key Words
Financial knowledge, financial stress, financial management, CFCS 2014
Short Description
This research uses nationally representative data from Statistics Canada's 2014 Canadian Financial Capability Survey to investigate three selected financial management behaviors: having a household budget, carrying an unpaid balance on a credit card, and handling an unexpected $500 expenditure by using savings. In multivariate logistic regression analyses that include variables for both subjective and objective financial knowledge, financial capability, financial stress, help-seeking activities, and demographic and socioeconomic characteristics, the strongest results are for financial capability.
First & Corresponding Author
Karen Duncan, University of Manitoba
Authors in the order to be printed
Karen Duncan, Jamal Tavosi