IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
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 by expanding FILTERS.
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.
D2a Beyond Financial Education and Knowledge-The Effect of Objective Financial Knowledge and Financial Education on Long-Term Investment Motivation
Short Description
This research, “Beyond Financial Education and Knowledge,” explores how objective financial knowledge and past exposure to financial education shape individuals’ future long-term investment motivation. Using a quantitative, correlational study design, the research uses existing data from the 2021 United States Financial Industry Regulatory Authority’s (FINRA) National Financial Capability Study (NFCS), analysing a nationally representative sample of 2,824 respondents. Results from regression analysis reveal an upbeat and statistically positive relationship between objective financial knowledge and long-term investment motivation, confirming that objective financial knowledge is a strong predictor. Financial education did not demonstrate a significant impact on long-term investment motivation. Demographic variables of gender, ethnicity, education, and income were significantly associated with motivation, while age was not. These findings provide insights for policymakers and financial educators to improve the finance education topics offered in the K-12 curriculum and other financial education interventions to strengthen this foundational offering and enhance future financial decision-making.
Type of presentation
Accepted Oral Presentation