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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
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Relations among Age, Income, and Knowledge of Investments

Authors: L, Powell; J H, Amsbary;

Relations among Age, Income, and Knowledge of Investments

Abstract

This study examined consumers' interactions with financial advisors in terms of the age and income of the respondents. The respondents were 500 residents of Florida interviewed in a random telephone survey. The dependent variables for the analysis were (1) frequency of communication, (2) knowledge, and (3) confidence in investment. No significant differences were found for frequency of interaction, but differences were identified on both knowledge and confidence in investment. Older respondents had more knowledge about investment than did younger ones, and respondents of higher income had more knowledge and more confidence in their investments than did those of lower or middle income. The results are discussed in terms of immediacy theory. Investment issues would have more immediacy for higher income respondents since they would have more money available for investment. Similarly, immediacy would be higher for older respondents since they would have more time and interest to devote to investment issues.

Related Organizations
Keywords

Health Knowledge, Attitudes, Practice, Age Factors, Income, Humans, Investments, Middle Aged, Aged

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selected citations
These citations are derived from selected sources.
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).
BIP!Citations provided by BIP!
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.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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