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In a context of financial insecurity and inequality, exacerbated by a global pandemic in which many people are struggling to survive, financial capability has become increasingly important. Financial capability combines the ability to act with the opportunity to act in ways that contribute to financial well-being.
Margaret Sherrard Sherraden +2 more
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Consumer Financial Capability and Financial Satisfaction
Social Indicators Research, 2013The purpose of this study was to examine associations between consumer financial capability and financial satisfaction. Consumer financial capability was measured by three sets of variables, perceived financial capability, financial literacy, and financial behavior.
Jing Jian Xiao +2 more
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The Role of Financial Capability and Culture in Financial Satisfaction
Economic Papers: A journal of applied economics and policy, 2020This paper presents an integrated framework for understanding the determinants of financial satisfaction in the context of two European nations with different cultural environments. The direct, indirect and interactive effects were tested through the path analysis method.
Gentjan Çera +3 more
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Age differences in consumer financial capability
The purpose of this study is to examine age differences in financial capability. Financial capability is measured by five variables: objective financial literacy, subjective financial literacy, desirable financial behavior, perceived financial capability,
Jing Jian Xiao
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Financial exclusion and financial capabilities in Canada
Journal of Financial Economic Policy, 2016Purpose The financially excluded are often denied basic financial services from mainstream banking institutions, leading them to high-cost fringe finance institutions (FFIs) such as payday loan companies and pawnshops. While strategies to address financial exclusion often include financial capabilities education, there does not appear to be evidence ...
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From Financial Literacy to Financial Capability Among Youth
The Journal of Sociology & Social Welfare, 2007Youth in the United States are facing an increasingly complex and perilous financial world. Economically disadvantaged youth, in particular, lack financial knowledge and access to mainstream financial institutions. Despite growing interest in youth financial literacy, we have not seen comparable efforts to improve access to financial policies and ...
Johnson, Elizabeth +1 more
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Toward Financial Capability—Empowering the Young
Journal of Consumer Affairs, 2018The importance of enhancing financial capability is widely recognized. However, the learning outcomes from educational programs directed at young people are mixed, indicating that we may not yet have discovered the best practices. Previous studies have established that merely providing information is not the most effective way to help consumers.
Uusitalo, Outi, Luukkanen, Laura
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Improving financial capability
2019Financial capability is an umbrella term that puts forward the factors behind making well-informed decisions to manage financial resources. Traditional definitions limit the components to skills and knowledge; however, the authors align with a recent movement to include opportunities and motivation as part of this definition.
Krishane Patel, Ivo Vlaev
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Financial Decisions and Financial Capabilities in the Andean Region
Journal of Consumer Affairs, 2018This paper analyzes the importance of numerical abilities, conscientiousness, and financial literacy for individuals' financial decision making and participation in formal financial markets. Our analysis is based on the Financial Capabilities Survey, which was applied in four countries of the Andean Region: Bolivia, Colombia, Ecuador, and Peru.
María José Roa +2 more
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Gauging the Financial Capability of Americans
Business Economics, 2015There is an increasing interest in the economic and financial knowledge of the public. Former Federal Reserve Chairmen Greenspan and Bernanke often stressed the importance of improved economic and financial knowledge of the general public. Recent survey results from the 2012 National Financial Capability Study provide a rich source of information on ...
Mark A Johnson, Douglas J Lamdin
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