Financial literacy and financial strategies: The mediating role of financial concerns

Xue, Rui; Gepp, Adrian; O'Neill, Terence; Stern, Steven; Vanstone, Bruce J

doi:10.1177/0312896220940762

Cited by 22 publications

(16 citation statements)

References 70 publications

(108 reference statements)

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“…However, for older women with a high level of education, covering the expenses of a nursing home is not an obstacle regarding the choice to receive care at a nursing home, thus creating a difference between men and women. In addition, compared with men, women’s financial literacy and financial security are relatively low ( Xue et al, 2019 , 2020 , 2021 ). When they have more income, they are more likely to spend for themselves rather than make other investments.…”

Section: Methodsmentioning

confidence: 99%

The Willingness of the Elderly to Choose Nursing Care: Evidence From in China

et al. 2022

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With the accelerating aging of the population and the worsening psychological conditions of older people, the traditional mode of family support for the elderly in China does not always meet the physical and psychological needs of the elderly, and more social support modes for the elderly are needed. Based on 3,513 valid questionnaires on the long-term care and protection needs of Chinese residents, this paper uses a logit regression model to analyze the factors influencing the willingness of the elderly to choose nursing care. The results show that intergenerational family support for the elderly is a significant psychological driver on the willingness of the elderly to choose nursing care. Compared with the elderly living with family, empty nesters or older people living alone are more inclined to select nursing care when they have difficulties taking care of themselves. The physical health of the elderly affects their willingness to choose nursing care, and elderly individuals with more hospitalizations are less likely to select nursing care. In addition, elderly females who are relatively young, have a high level of education, have a high income, have a nursing home near the residence, and are already covered by medical insurance are more willing to choose nursing care. The results of this study are of great importance for improving the medical services and aging care services for the elderly and providing theoretical support for alleviating the psychological and social pressure brought by population aging.

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Section: Methodsmentioning

confidence: 99%

The Willingness of the Elderly to Choose Nursing Care: Evidence From in China

et al. 2022

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“…Therefore, it is concluded that college students in Tuxtepec, Oaxaca have low level of financial literacy which may affect their economic growth as they lack the ability to take financial risks and even make decisions regarding the acquisition of wealth. As pointed out by Xue, Gepp, O'Neill, Stern and Vanstone (2020), in their findings they identify that people with financial illiteracy are more likely to have financial worries, reduce their expenses, increase their debts and in some cases may even sell their homes.…”

Section: Discussionmentioning

confidence: 95%

Financial Literacy on College Students in the Context of Tuxtepec, Oax

2023

European Journal of Contemporary Education

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The objective of this study is to determine the variables that explain the knowledge of financial literacy among college students in Tuxtepec, Oaxaca, and to identify whether the level of financial literacy that prevails in these students differs by gender, age and school grade. To do so, the study is based on a theoretical reference recently exposed by Goyal and Kumar (2021), who analyzed 502 articles between the years 2000 to 2019, in their findings they found that the gender gap and financial education, impacts on financial behavior. The participants of the study were 600 college students of a public sector Institution. The statistical procedure for data analysis was: first, the instrument was validated with Cronbach's alpha and normality through the values of skewness and kurtosis, then the correlation matrix, Brattle's test of Sphericity with Kaiser and the sample adequacy measure were calculated, and the extraction of components under the criterion of eigenvalues > to 1 and total variance. Finally, to verify if there is a difference in relation to the variables of financial education, gender, age and employment status, an ANOVA analysis is performed. Finally, the findings show that there is a difference between the variables: Gender and financial literacy (Saving and Investment); Age (Spending and Credit); Employment Status (Income, Money Management, Spending and Credit, Saving and Investment). This leads us to think that the higher level student presents a low level of financial knowledge, which could affect their personal growth, and that the gap of gender, age and employment status makes a difference in relation to the variables studied.

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“…The Item Response Theory (IRT) model estimates variables through an iterative computation process, making sufficient use of existing information. The IRT model also takes into account the difficulties of survey questions, making the estimations closer to real practice ( Xue et al, 2021 ). Therefore, we utilized the IRT model to measure business model design (BMD), including novelty-centered business model design (NBM) and efficiency-centered business model design (EBM).…”

Section: Methodsmentioning

confidence: 99%

The Impact of Consumer Purchase Behavior Changes on the Business Model Design of Consumer Services Companies Over the Course of COVID-19

Sun

Liu

et al. 2022

Front. Psychol.

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The COVID-19 pandemic has had a profound psychological and behavioral impact on people around the world. Consumer purchase behaviors have thus changed greatly, and consumer services companies need to adjust their business models to adapt to this change. From the perspective of consumer psychology, this paper explores the impact of consumer purchase behavior changes over the course of the pandemic on the business model design of consumer services companies using a representative survey of 1,742 individuals. Our results show that changes in consumer purchase behavior have a significant impact on the design of consumer services firms’ business models. Specifically, changes in consumers’ purchase object, motive, and timeframe are more likely to spark a novelty-centered business model design, whereas changes in purchase method tend to inspire an efficiency-centered one. Our findings provide a theoretical reference for consumer services companies in designing business models when faced with unexpected crises.

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Financial literacy and financial strategies: The mediating role of financial concerns

Cited by 22 publications

References 70 publications

The Willingness of the Elderly to Choose Nursing Care: Evidence From in China

The Willingness of the Elderly to Choose Nursing Care: Evidence From in China

Financial Literacy on College Students in the Context of Tuxtepec, Oax

The Impact of Consumer Purchase Behavior Changes on the Business Model Design of Consumer Services Companies Over the Course of COVID-19

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