Financial Literacy and Emergency Saving

被引：124

作者：

Babiarz P. ^{[1
]}

Robb C.A. ^{[2
]}

机构：

[1] Department of Consumer Sciences, The University of Alabama, Tuscaloosa, AL, 3548-0311, 312 Adams Hall

[2] Institute for Personal Financial Planning, Kansas State University, Manhattan, KS, 66506

来源：

Journal of Family and Economic Issues | 2014年 / 35卷 / 1期

关键词：

Emergency savings; Financial knowledge; Financial literacy; Precautionary savings;

D O I：

10.1007/s10834-013-9369-9

中图分类号：

学科分类号：

摘要：

Using data collected by the National Financial Capability Study, a survey recently commissioned by the Financial Industry Regulatory Authority, this paper investigates the correlations between subjectively and objectively assessed measures of financial knowledge, and the probability of having savings adequate to cover 3 months of typical expenses. Results indicate that households who are more financially knowledgeable or more confident in their financial ability are significantly more likely to report having emergency funds. These findings support the growing literature on the relationship between financial knowledge and economic behaviors and have wide policy implications. © 2013 Springer Science+Business Media New York.

引用

页码：40 / 50

页数：10

共 47 条

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