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C1b Generational Differences in Financial Well-Being: What Have We Learned About Roles of Financial Knowledge, Skill, and Behavior
Key Words
Financial well-being, generational difference, financial knowledge, financial skill, financial behavior
Short Description
The objective of this paper is to examine the differences in financial well-being between existing generations in the context of what we understand about financial knowledge, skill and behavior in four different generations: Pre-Boomer, Boomer, Gen-X, and Millennials. Understanding these differences will help educators, scholars, and policy-makers contribute to the body of knowledge and enhance consumer and family economic well-being.