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2022 Annual Conference

May 19–21, 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.

C1c The Role of Consumer Financial Confidence on Financial Well-Being

Friday, May 20, 2022 at 10:45 AM–12:15 PM EDT
Room 1
Key Words

Financial confidence, financial well-being, financial capability, consumer finance 

Short Description

This study investigates the relationship between financial confidence and financial well-being (FWB). Financial confidence is measured by the interplay between respondents’ estimation of their own financial knowledge (subjective financial knowledge) and actual survey scores from financial knowledge questions (objective financial knowledge).  This study helps reveal the building blocks needed to generate a more comprehensive understanding of financial confidence and its relationship with financial well-being. Results also have implications for practitioners in financial education and services. When creating financial education programs and interventions, educators and advisors will have a better understanding of not just their clients’ different levels of financial well-being, but also how to solve mismatches between objective and subjective financial knowledge. The knowledge gained from this study may help program designers to better balance elements of knowledge acquisition and elements to foster financial confidence to deliver more effective consumer finance interventions. 

 

 

Submitter

Nilton Porto, University of Rhode Island

Authors

Nilton Porto, University of Rhode Island
JingJian Xiao, University of Rhode Island
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