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2013 Conference

April 10–12, 2013

The Benson Hotel, Portland, Oregon

This section lists poster sessions as well as concurrent sessions by day, time, and room. Concurrent sessions have multiple presentations. You may search by title, author names, or keyword. A Schedule-at-a-Glance is posted on the Website and will provide the overview. This is the detail.

Financial Literacy: The Relationship to Savings in Low- to Moderate-Income Households

Thursday, April 11, 2013 at 4:15 PM–5:45 PM PDT
Brighton Room ( Breakout Session A)
Major Area of Focus

Financial Services

Secondary area of focus

Financial Services

Short Abstract

This study was designed to extend the view of financial literacy in low- to moderate-income households with regard to savings behavior, self-reported perception of financial knowledge, and planning behavior. First, we examine the low- to moderate-income household’s response to the three financial literacy related questions by Lusardi and Mitchell. Second, we examine a self-reported perception of financial knowledge, and third, we examine the behaviors of planning, monitoring, and saving of a household’s finances and potential correlations with financial literacy. A significant relationship was found between the self-reported perception of financial knowledge and one of the financial literacy questions. In addition, significant relationships were found to exist between planning and the self-reported perception of financial knowledge and between the monitoring of expenses and the self- reported perception of financial knowledge. No significant relationships were found to exist between the decision to save and the response to the three financial literacy questions.

Corresponding Author

[photo]
Mrs. Robin Henager-Greene, MBA, PhD Candidate, University of Georgia
Job Title

Graduate Student, Graduate Assistant

City & State (or Province & Country)

Athens, GA

Additional Authors

[photo]
Theresa Mauldin, PhD, University of Georgia
Job Title

Associate Professor

City & State (or Province & Country)

Athens, GA

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