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2025 Annual Conference

April 15–17, 2025

Omni William Penn, Pittsburgh, PA, USA

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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Confirm your place in the schedule by following the instructions that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.

B1a Crunching the Numbers: Do Math Skills Enhance Financial Literacy?

Tuesday, April 15, 2025 at 5:15 PM–6:45 PM CDT
Room 1
Short Description

This study examines the relationship between mathematical confidence and financial literacy, exploring how both independently and interactively influence financial behaviors. Utilizing data from the 2021 National Financial Capability Study, the research investigates if confidence in mathematics complements financial knowledge in predicting positive financial actions, such as saving, emergency fund management, and retirement planning. Findings indicate that mathematical confidence is significantly associated with specific financial behaviors, including retirement contributions and planning, and that the interaction between mathematical confidence and financial literacy correlates with emergency fund ownership. The study underscores the potential of incorporating mathematical competence into financial education efforts to enhance financial well-being and suggests future research directions for understanding the nuanced roles of math skills in financial decision-making.

Type of presentation

Accepted Oral Presentation

Submitter

Kevin Larsen, Kansas State University Graduate Student

Authors

Thomas Crandall, CFA, CFP, CAIA, CMT, Kansas State University
Dr. Blake Gray, Ph.D., Kansas State University
Dr. Congrong Ouyang, Ph.D., Kansas State Univeristy
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