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The drivers of adult financial literacy: Exploring the role of attitudes towards finance.

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Title: The drivers of adult financial literacy: Exploring the role of attitudes towards finance.
Authors: Mancebón‐Torrubia, María‐ Jesús1 (AUTHOR) mjmance@unizar.es, Ximénez‐de‐Embún, Domingo P.2 (AUTHOR), Álvarez‐Farizo, Begoña3 (AUTHOR)
Source: European Journal of Education. Dec2024, Vol. 59 Issue 4, p1-21. 21p.
Subject Terms: *Literacy programs, *Literacy education, *Adult literacy, Personality, Financial planning, Financial literacy
Geographic Terms: Spain
Abstract: This study investigates the factors driving the financial literacy of adult population in Spain using a regression count model (specifically the latent class Poisson model). The paper pays special attention to the effect of certain financial attitudes and financial personality traits (such as financial myopia, risk aversion, attitude to financial planning and self‐perception of financial vulnerability) upon financial literacy. The results demonstrate a positive association between the financial skills, the sociodemographic characteristics and the attitudes and personality traits of individuals regarding finances. Furthermore, the analysis permits the conclusion that the effects of the financial attitudes analysed in the study vary among the different population groups, which suggests the need to adapt financial literacy promotional programs to the characteristics of the target group. Findings have implications for financial educators, practitioners and policymakers to help them recognize the proper financial program to be delivered on the basis of the FL levels and the sociodemographic composition of the individuals. [ABSTRACT FROM AUTHOR]
Copyright of European Journal of Education is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Education Research Complete
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  Data: The drivers of adult financial literacy: Exploring the role of attitudes towards finance.
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  Data: <searchLink fieldCode="JN" term="%22European+Journal+of+Education%22">European Journal of Education</searchLink>. Dec2024, Vol. 59 Issue 4, p1-21. 21p.
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  Data: *<searchLink fieldCode="DE" term="%22Literacy+programs%22">Literacy programs</searchLink><br />*<searchLink fieldCode="DE" term="%22Literacy+education%22">Literacy education</searchLink><br />*<searchLink fieldCode="DE" term="%22Adult+literacy%22">Adult literacy</searchLink><br /><searchLink fieldCode="DE" term="%22Personality%22">Personality</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+planning%22">Financial planning</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+literacy%22">Financial literacy</searchLink>
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  Data: This study investigates the factors driving the financial literacy of adult population in Spain using a regression count model (specifically the latent class Poisson model). The paper pays special attention to the effect of certain financial attitudes and financial personality traits (such as financial myopia, risk aversion, attitude to financial planning and self‐perception of financial vulnerability) upon financial literacy. The results demonstrate a positive association between the financial skills, the sociodemographic characteristics and the attitudes and personality traits of individuals regarding finances. Furthermore, the analysis permits the conclusion that the effects of the financial attitudes analysed in the study vary among the different population groups, which suggests the need to adapt financial literacy promotional programs to the characteristics of the target group. Findings have implications for financial educators, practitioners and policymakers to help them recognize the proper financial program to be delivered on the basis of the FL levels and the sociodemographic composition of the individuals. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
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  Data: <i>Copyright of European Journal of Education is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1111/ejed.12712
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      – Code: eng
        Text: English
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      – SubjectFull: Literacy education
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      – SubjectFull: Adult literacy
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      – SubjectFull: Personality
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      – SubjectFull: Financial planning
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      – SubjectFull: Financial literacy
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      – SubjectFull: Spain
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      – TitleFull: The drivers of adult financial literacy: Exploring the role of attitudes towards finance.
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            NameFull: Ximénez‐de‐Embún, Domingo P.
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            – D: 01
              M: 12
              Text: Dec2024
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              Y: 2024
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