2015 Conference
October 15–16, 2015
Orlando, FL
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Personal Finance Education and Subsequent Financial Decision-making
Keywords: 5 words maximum
personal finance, education, college, literacy
Very short description for use in the program to help attendees understand more than a title can describe
Using the 2012 National Financial Capability Study (NFCS), we explore the impact of receiving financial education in college on financial decision-making and financial satisfaction. Controlling for demographic and socioeconomic factors, our logistic regression results show that those who received financial education in college were more likely to have an emergency fund, purchase life insurance, establish a college savings account, and participate in the financial markets. Individuals who received financial education in college experience a higher level of personal financial satisfaction and were more likely to support financial education being taught in schools.
Lead & Corresponding Author
Janine K. Scott, PhD, Massey University
Job Title
Director, Financial Planning & Senior Lecturer
Additional Authors
Philip Gibson, PhD, Winthrop University
Job Title
Assistant Professor