Abstract:The development of financial literacy (FL) is significantly influenced by financial literacy training programs (FLTPs), which aid in creating an ecosystem that is more inclusive and participative. This study reviewed 22 studies on FLTPs for marginalised women in developed and developing countries. It seeks to comprehend (a) the characteristics of FLTPs and (b) the impact of FLTPs on women’s financial behaviour. The findings highlight that existing research has demonstrated an overall improvement in post-traini… Show more
“…work and job-finding) and levels of digital literacy (Choudhary and Bansal, 2022). In addition, the cultivation of financial literacy can be included in these programmes to help them further “advance their economic and social empowerment” (Choudhary and Jain, 2023, p. 16).…”
PurposeThe significance of digital literacy in online social capital accumulation and surviving the contemporary society is widely recognised. Despite that the current generation is regarded as “digital natives”, their levels and nature of digital literacy vary. To generate educational insights, this study investigates the type(s) of digital literacy which are mostly related to the online social capital accumulation, and how one’s socio-economic background affects the connection between digital literacy and online social capital.Design/methodology/approachA total of 1,747 participants aged 13–30 were invited to take part in a quantitative study. Spearman's rank correlation analysis, hierarchical regression analysis and mediation analyses were performed to investigate the relationship between participants' demographic background, engagement in the online platforms, digital literacy and online social capital.FindingsThe results showed that the creative dimension of digital literacy was mostly significantly predictive of online social capital accumulation. Also, education significantly affected the relationship between the creative dimension of digital literacy and online social capital more than demographic background.Originality/valueResults suggest that education helps enhance digital literacy, offsetting the influence of socio-demographic background. The author examines the implications of how to implement training programmes in youth settings to enhance students' digital literacy and benefit those who are marginalised.
“…work and job-finding) and levels of digital literacy (Choudhary and Bansal, 2022). In addition, the cultivation of financial literacy can be included in these programmes to help them further “advance their economic and social empowerment” (Choudhary and Jain, 2023, p. 16).…”
PurposeThe significance of digital literacy in online social capital accumulation and surviving the contemporary society is widely recognised. Despite that the current generation is regarded as “digital natives”, their levels and nature of digital literacy vary. To generate educational insights, this study investigates the type(s) of digital literacy which are mostly related to the online social capital accumulation, and how one’s socio-economic background affects the connection between digital literacy and online social capital.Design/methodology/approachA total of 1,747 participants aged 13–30 were invited to take part in a quantitative study. Spearman's rank correlation analysis, hierarchical regression analysis and mediation analyses were performed to investigate the relationship between participants' demographic background, engagement in the online platforms, digital literacy and online social capital.FindingsThe results showed that the creative dimension of digital literacy was mostly significantly predictive of online social capital accumulation. Also, education significantly affected the relationship between the creative dimension of digital literacy and online social capital more than demographic background.Originality/valueResults suggest that education helps enhance digital literacy, offsetting the influence of socio-demographic background. The author examines the implications of how to implement training programmes in youth settings to enhance students' digital literacy and benefit those who are marginalised.
“…Improving the quality of professional development opportunities can help educators better grasp personal finance topics, understand available financial education resources, learn effective teaching methods, and comprehend the cultural and behavioral aspects of individual financial decisions [14]. It is also important to underscore the significance of financial literacy as not only an individual responsibility but also a societal obligation [15], [16].…”
Financial literacy, as a fundamental skill in the 21st century, has become a life skill that is urgently needed to be improved. Globally, the drive to enhance financial literacy involves integrating it into the education curriculum, necessitating educators’ comprehensive grasp of financial literacy education before imparting it to students. This research aims to outline a conceptual model of financial literacy professional development to improve teachers’ professional competence, employing a narrative review that synthesizes 28 relevant literatures retrieved from Scopus databases. The results of the study show that an effective training model for teacher professional development (TPD) in financial literacy education should focus on essential financial literacy content consisting of planning and budgeting, banking services, income and careers, insurance, investment, savings, also spending and credit. Furthermore, the main characteristics of TPD regarding financial literacy education should encompass content focus, coherence, ownership, active learning, duration, and collective participation.
PurposeThis research explores the relationships between financial awareness and investor satisfaction about retirement planning, particularly in the Indian context. We developed a conceptual model involving double moderation effects of post-retirement objectives and external factors influencing investor satisfaction.Design/methodology/approachA carefully crafted survey instrument was designed to collect data from the 480 employees working in six administrative departments in the northern part of India. After checking the measurement properties of the survey instrument through the Lisrel package of structural equation modeling, the hypotheses were tested using Hayes PROCESS macros.FindingsThe results indicate that financial awareness is positively related to (1) investor satisfaction and (2) investment purpose; investment purpose is positively related to investor satisfaction; post-retirement objectives moderate the relationship between financial awareness and investment purpose; external factors moderate the moderated relationship between financial awareness and post-retirement objectives (first moderator) and investor satisfaction mediated through investment purpose.Practical implicationsThe outcomes of this study have important implications for the employees embarking on making decisions concerning their retirement. The conceptual model provides a simple framework explaining how financial awareness and investor satisfaction are affected by the post-retirement objectives of individuals. This study highlights the importance of considering the effect of external factors influencing financial decisions.Originality/valueThe three-way interactions in this exploratory research contribute to the growing literature on behavioral finance, particularly concerning retirement planning involving pension.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.