Pathways from Financial Knowledge to Relationship Satisfaction: The Roles of Financial Behaviors, Perceived Shared Financial Values with the Romantic Partner, and Debt

Totenhagen, Casey J.; Wilmarth, Melissa J.; Serido, Joyce; Curran, Melissa A.; Shim, Soyeon

doi:10.1007/s10834-019-09611-9

Cited by 37 publications

(50 citation statements)

References 49 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results suggested the way on how young adults acquire knowledge about financial matters and attitudes form and behavioral intentions which are influenced by self -actualizing personal values, financial education at home, and formal financial education at school that plays the important roles. Similarity to study by [27] which examined how perceived financial socialization, was associated with young adult's life outcomes and well-being. Results from hierarchical regression analyses showed that young adult's own financial behaviors were the most patterned, followed by financial socialization from the romantic partner, and then from financial socialization from parents.…”

Section: Literature Reviewmentioning

confidence: 63%

Untitled

2019

IJUR

View full text Add to dashboard Cite

The ability to manage personal finances has become increasingly important in today's world. Unfortunately, studies have shown that financial literacy among young adults is low; they have inadequate knowledge of personal finances. As a result of that, they fail to make correct decisions. This study has three objectives. First, it will provide evidence on the level of personal finance literacy among university students. Second, it examines why some university students are relatively more knowledgeable than others. The third purpose is to examine how a student's knowledge influences his/her opinions and decisions on personal financial issues. This study will use a wide-ranging questionnaire designed to cover major aspects of personal finance. It will include financial literacy on general knowledge, savings and borrowing, insurance, and investments. The survey participants will be asked to answer questions of their knowledge in personal finance, their opinions and decisions with regards to personal finance and questions on demographic data. The quality and consistency of the survey will be examined using Cronbach's alpha. The responses from each participant will be used to calculate the average percentage of correct scores for each question, section, and the entire survey. Consistent with the existing literature, the average percentage of correct scores will be grouped into (1) more than 80%, (2) 60% to 79%, and (3) below 60%. The first category represents a relatively high level of knowledge. The second category represents a medium level of knowledge. The third category represents a relatively low level of knowledge. In addition to that, by using ANOVA, this study will also provide evidence on the difference in the level of financial literacy among subgroups of student.

show abstract

Section: Literature Reviewmentioning

confidence: 63%

Untitled

2019

IJUR

View full text Add to dashboard Cite

show abstract

“…Financial Capability. The financial literacy of youth employees is influenced entirely by the level of education possessed (Totenhagen et al, 2019). However, along the way, life experience provides opportunities for the financial capability of youth employees (Wong et al, 2018).…”

Section: Theoretical Reviewmentioning

confidence: 99%

“…In this case, it relates to financial control in and out monthly for workers or people in business (Pedersen and Sudzina, 2012). The importance of financial management is related to someone's assets in the end (Totenhagen et al, 2019). There are not a few mistakes in financial management effects in unclear assets owned by someone (Wong et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…The higher the level of education, the better the actual behavior in financial capability. So that in some companies, it relates to finance, it is required for employees to have more knowledge of financial management (Totenhagen et al, 2019). It is sure to support personal self in behaving towards finances, and it also has a positive impact on its work as workers who understand financial management.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The Financial Position of Youth Employee: Pinning-up of Financial Capability and Income

Sawitri

Arifin²

2021

Jurnal Akuntansi

View full text Add to dashboard Cite

The aim of the study on the financial behavior of youth employees is to review the impact of financial capability, income on financial behavior in evaluating the financial position. The main target of this study is mediating the evaluation of financial behavior in the effort of increasing the financial position of youth employees. A research method conducts with a survey of 100 youth employees in Indonesia, particularly in Central Jakarta, that has more youth employees. Data from youth employees obtain through questionnaires and data is processed by SmartPLS; remember that analysis technique is using the path analysis model. Research results found that financial capability and income have a truly significant impact on financial behavior; likewise, it is directly to financial position. However, it known that financial behavior cannot directly influence to financial position. Research novelty explains that financial behavior cannot be mediation between financial capability and income to financial position. This finding is useful for youth employees in understanding the financial position and for the government in comprehending the financial behavior of youth employees. So, it expects to be able to give the policy of financial management for youth employees.

show abstract

“…Furthermore, active financial behaviors can enhance financial satisfaction [18]. When it comes to financial knowledge, it is the subjective aspect, rather than the objective aspect, that affects financial satisfaction [19]. Besides, factors involving behaviors associated with recommended practice and subjective financial knowledge are more salient to care about than those associated with objective financial knowledge [20].…”

Section: Research On Financial Confidencementioning

confidence: 99%

Education, Financial Knowledge and Consumer Confidence in Financial Goals: Evidence from the 2018 US National Financial Capability Study

Chen

Han

2020

AJESS

View full text Add to dashboard Cite

Consumer confidence in financial goals is the degree of trust expressed by consumers through the activities of setting financial goals and subsequent realization. Utilizing data from the 2018 US National Financial Capability Study, in terms of the data characteristics of the dependent variable, this study utilizes the method of ordered logistic regression to explore the roles of education and financial knowledge in consumer confidence in financial goals. Moreover, this study also performs a robustness check, which suggests unchanged results. The results indicate that both education and financial knowledge positively contribute to consumer confidence in financial goals and consumers both with higher education levels and financial knowledge will be more confident in financial goals. Thus, policymakers are recommended to provide financial support for education and focus on mechanisms of improving financial knowledge through financial education programs and financial related courses.

show abstract

Pathways from Financial Knowledge to Relationship Satisfaction: The Roles of Financial Behaviors, Perceived Shared Financial Values with the Romantic Partner, and Debt

Cited by 37 publications

References 49 publications

Untitled

Untitled

The Financial Position of Youth Employee: Pinning-up of Financial Capability and Income

Education, Financial Knowledge and Consumer Confidence in Financial Goals: Evidence from the 2018 US National Financial Capability Study

Contact Info

Product

Resources

About