Myopia, Financial Knowledge, and Financial Well-Being

被引：5
|
作者：
Lee, Jae Min [1 ]
Kim, Kyoung Tae [2 ]
Hanna, Sherman [3 ]
机构：
[1] Minnesota State Univ, Dept Family Consumer Sci, Mankato, MN 55455 USA
[2] Univ Alabama, Dept Consumer Sci, Tuscaloosa, AL USA
[3] Ohio State Univ, Dept Human Sci, Columbus, OH USA
来源：
JOURNAL OF FINANCIAL COUNSELING AND PLANNING | 2023年 / 34卷 / 01期
关键词：
discounting; financial knowledge; financial well-being; national financial well-being survey; TIME PREFERENCE; FUTURE ORIENTATION; SELF-REGULATION; LITERACY; EDUCATION; BEHAVIORS; DELAY; MODEL; DEBT; LIFE;
D O I：
10.1891/JFCP-2021-0070
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this study was to examine the association between myopic time discounting and financial well-being moderated by financial knowledge, guided by the dual-self model. Regression results with data from the 2016 National Financial Well-Being Survey sponsored by the Consumer Financial Protection Bureau showed that myopia was associated negatively with financial well-being. In addition, financial knowledge was positively associated with financial well-being, and it plays an important role as a moderator on the association between myopia and financial well-being. When both financial knowledge's direct and interactive effects were considered, financial knowledge may increase the financial well-being of myopic discounters at much smaller rates than nonmyopic discounters. This study provides implications for financial practitioners, educators, and researchers in helping consumers improve their financial well-being.
引用
收藏
页码：42 / 54
页数：13
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