Decomposition of the Financial Capability Construct: A Structural Model of Debt Knowledge, Skills, Confidence, Attitudes, and Behavior
Brak miniatury
Data
2020
Inny tytuł
Typ
Artykuł recenzyjny
Redaktor
dc.contributor.advisor
Dyscyplina PBN
Ekonomia i finanse
Czasopismo lub seria
Journal of Financial Counseling and Planning
ISSN
1052-3073
ISBN
DOI
10.1891/JFCP-19-00056
Strona internetowa
Wydawca
Wydawca
Wydanie
32
Numer
1
Strony od-do
Tytuł monografii
item.page.defence
Tytuł tomu
Opis
Rodzaj licencji
Abstrakt (en)
Based on a nationally representative sample of adult Poles (<jats:italic>N</jats:italic> = 1,004), we examined structural relationships between financial knowledge, skills, confidence, attitudes, and behavior in debt-domain. We found that financial confidence—at least regarding debt-related issues—is tied to debt attitudes and behavior beyond the extent to which the attitudes and behaviors are linked to objective debt knowledge. Moreover, the relationship between objective knowledge and confidence turned out to be insignificant in our study. These findings suggest that confidence should be used as a separate marker of financial capability. Having established that skills correlate with behavior and attitudes differently than objective knowledge, we argue also to include them separately in financial capability measurements.