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Measuring Financial Literacy

Name: Measuring Financial Literacy
Creator: Sandra J. Huston
Keywords: 0502 economics and business, 05 social sciences, 1. No poverty

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2009Publisher:WileyJournal:Journal of Consumer Affairs, volume 44, pages 296-316 (issn: 0022-0078, eissn: 1745-6606,

Authors: Sandra J. Huston;

doi: 10.1111/j.1745-6606.2010.01170.x , 10.2139/ssrn.1945216

Measuring Financial Literacy

- Summary
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Abstract

Financial literacy (or financial knowledge) is typically an input to model the need for financial education and explain variation in financial outcomes. Defining and appropriately measuring financial literacy is essential to understand educational impact as well as barriers to effective financial choice. This article summarizes the broad range of financial literacy measures used in research over the last decade. An overview of the meaning and measurement of financial literacy is presented to highlight current limitations and assist researchers in establishing standardized, commonly accepted financial literacy instruments.

Related Organizations

The University of Texas System
United States

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	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	1K
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 0.01%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 0.1%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 1%