Does Social Capital Influence Debt Literacy? The Case of Facebook Users in Poland
Ładowanie...
Data
2019
Inny tytuł
Typ
Artykuł recenzyjny
Autorzy
Redaktor
dc.contributor.advisor
Dyscyplina PBN
Czasopismo lub seria
Prague Economic Papers
ISSN
1210-0455
2336-730X
2336-730X
ISBN
DOI
10.18267/j.pep.721
Strona internetowa
Wydawca
Wydawca
Wydanie
Numer
Strony od-do
Tytuł monografii
item.page.defence
Tytuł tomu
Opis
Rodzaj licencji
Abstrakt (en)
Debt literacy has been considered to be a critical competence of modern societies since the recent
global financial crisis. Debt-literate individuals are less prone to financial abuse and perform better
in terms of credit management. Currently, debt-related information and knowledge are widely
accessible through social networking sites (SNS), such as Facebook. However, not all SNS users have
equal access to debt-related resources, and, consequently, they reach different scores in debt literacy
tests. This study examines relational factors (resources) behind the debt literacy of Facebook users
(N = 1,055) in Poland by applying the Resource Generator tool built into the online questionnaire.
This quantitative instrument helps to diagnose resources that are embedded and mobilised (social
capital) from personal networks made up of kin, friends and acquaintances. We found that users with
more social capital, that is, better access to resources, perform better in debt literacy tests. Moreover,
weak ties (acquaintances) appear to be good sources of debt-related information and knowledge
that have positive impact on debt literacy scores.