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B1a An Examination of the KMSI-R: Relationship to Financial Literacy, Self-Efficacy, and Cross-Racial Validity
Short Description
The Klontz Money Script Inventory-Revised (KMSI-R) assesses money beliefs (e.g., scripts) to improve consumers’ financial well-being. This study surveyed a diverse sample of participants (N=2766) and explored the connection between different money scripts with financial literacy, financial self-efficacy, and cultural/racial competence. The goals were to examine which money scripts are most at risk for lower literacy and self-efficacy to allow practitioners to intervene; assess the KMSI-R’s validity on non-White samples; and suggest measurement improvement. Primary data collection and factor analysis was used for this project.
Type of presentation
Accepted Oral Presentation