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2022 Annual Conference

du 19 au 21 May 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.

Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

C1a Financial Literacy and Behavior as Mediators of the Relationship Between Financial Socialization and Financial Well-Being

vendredi 20 mai 2022 à 10:45–12:15 EDT
Room 1
Key Words

financial socialization, financial well-being, financial literacy, financial behavior, financial capability

Short Description

This study examines the relationship between various domains of financial socialization and financial well-being of Korean young adults and the possible mediators underlying this association. Using a unique online survey data of Korean adults aged 25 to 39, we found that financial well-being was significantly higher for those who were financially socialized through interaction with parents and those who learned from observing parental financial behavior. Other agents of financial socialization, including financial socialization through school, media, and interaction with peers, were generally uncorrelated with financial well-being. Lastly, we found that the association between financial well-being and financial socialization through parents was mediated by financial knowledge, financial capability and attitude, and financial behavior. This study adds to the literature by identifying the specific financial socialization agents that lead to higher financial well-being and demonstrating the mediating role of financial knowledge, financial capability and attitude, and financial behavior. Implications for researchers and policymakers are discussed.

Submitter

Tae-Young Pak, Sungkyunkwan University

Authors

Tae-Young Pak, Sungkyunkwan University
Lu Fan, University of Missouri - Columbia
Swarn Chatterjee, University of Georgia
Chargement en cours …