scholarly journals What Influences the Financial Literacy of Young Adults? A Combined Analysis of Socio-Demographic Characteristics and Delay of Gratification

2021 ◽  
Vol 12 ◽  
Author(s):  
Christin Siegfried ◽  
Eveline Wuttke
Keyword(s):  
Personality Traits ◽  
Financial Literacy ◽  
Demographic Factors ◽  
Well Being ◽  
Educational Background ◽  
Delay Of Gratification ◽  
Potential Factors ◽  
Economic Landscape ◽  
Socio Demographic Factors ◽  
Long Term Impact

The current economic landscape is complex and globalized, and it imposes on individuals the responsibility for their own financial security. This situation has been intensified by the COVID-19 crisis, since short-time work and layoffs significantly limit the availability of financial resources for individuals. Due to the long duration of the lockdown, these challenges will have a long-term impact and affect the financial well-being of many citizens. Moreover, it can be assumed that the consequences of this crisis will once again particularly affect groups of people who have already frequently been identified as having low financial literacy. Financial literacy is therefore an important target for educational measures and interventions. However, it cannot be considered in isolation but must take into account the many potential factors that influence financial literacy alone or in combination. These include personality traits and socio-demographic factors as well as the (in)ability to defer gratification. Against this background, individualized support offers can be made. With this in mind, in the first step of this study, we analyze the complex interaction of personality traits, socio-demographic factors, the (in-)ability to delay gratification, and financial literacy. In the second step, we differentiate the identified effects regarding different groups to identify moderating effects, which, in turn, allow conclusions to be drawn about the need for individualized interventions. The results show that gender and educational background moderate the effects occurring between self-reported financial literacy, financial learning opportunities, delay of gratification, and financial literacy.

scholarly journals Mitigating Consumptive Behavior: The Analysis of Learning Experiences of Housewives

2016 ◽  
Vol 9 (3) ◽  
pp. 114
Author(s):  
Suparti Suparti
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Formal Education ◽  
Learning Experiences ◽  
Demographic Factors ◽  
Financial Education ◽  
Educational Background ◽  
Family Welfare ◽  
Socio Demographic Factors ◽  
Consumptive Behavior

<p class="apa">The purpose of this study is to investigate the determinant of consumptive behavior by analyzing learning experiences of housewives as members of Family Welfare Movement (PKK) in Malang, East Java Indonesia. Financial literacy is defined as personal knowledge and capability in financial management. Sample of this study was 123 housewives and retrieved using convenience sampling method. The data was collected by using questionnaires and analyzed by using path analysis. The results of this study show that financial literacy significantly affects consumptive behavior of housewife. It means that financial education has become an urgency to be held in formal education level. However socio-demographic factors (e.g. age, educational background, and working experiences) are not correlated with consumptive behavior of housewife. Therefore, financial literacy is the determinant of consumptive behavior of housewife. Thus, as learning experiences proxies, financial literacy and socio-demographic factors seem to be complement.</p>

scholarly journals To Associate Between Social Adaptive Behavior and Socio Demographic Variables among Children with Chronic Illness

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Mridula. C. Jobson ◽  
Dr. R. Subhashini
Keyword(s):  
Risk Factors ◽  
Chronic Illness ◽  
Social Behavior ◽  
Behavior Problems ◽  
Adaptive Behavior ◽  
Demographic Factors ◽  
Well Being ◽  
Demographic Variables ◽  
The Social ◽  
Socio Demographic Factors

Back Ground: Chronic Illness is disorders or diseases that compromise well-being, either temporarily or chronically. These conditions are risk factors for Social behavior problem. Analyzing the prevalence of Social behavior problems of children with chronic illness and identifying related risk factors is of theoretical and practical relevance. It helps to understand psychosocial consequences of chronic diseases and provides valuable information for clinicians regarding who should be screened for what kind of problems. There are various factors that influence the social adaptive behavior of the child with chronic illness. Identification of association of demographic variable shall provide the underlying associated causes for such behavioral problem. Aim and Objective: This study analyses the association of socio-demographic factors and social adaptive behavior problems of pediatrics with chronic illness. Samples and Methods: The study was carried out in 90 pediatric patients in MMM hospital between age group 1 to 6 years. The samples were selected through convenient sampling technique. The Tool used for data collection and assessment of social maturity level is Semi structured questionnaire which include. Section A: Socio demographic profile and Section B: The Child Behavior Checklist (CBCL) A parent-report questionnaire. Result: The association between the social adaptive behavior problems and demographic variables using chi square test reveals that socio demographic variables such as economic factors and medical condition have significant association with the behavior of the child. Conclusion: The preliminary study concludes the association between the socio demographic factors and behavior. This particularly emphasizes on multidimensional   assessment and treatment.

scholarly journals Parental Self-Efficacy and Parenting through Adversity

2021 ◽  
Author(s):  
Christian Scannell
Keyword(s):  
Adverse Events ◽  
Self Efficacy ◽  
Parenting Practices ◽  
Well Being ◽  
Mediating Role ◽  
Sense Of Competence ◽  
Parenting Expectations ◽  
Potential Factors ◽  
Long Term Impact ◽  
Societal Expectations

This review examines the relationship between life adversities, parental well-being, parental self-efficacy, and social support as potential factors mediating parent-child relationships and children’s outcomes. Generally, research on adversity has focused on children’s experiences and the long-term impact of adversity on development and health trajectories. More recently, a focus on resilience and growth after adversity has received increasing attention. Existing literature has identified how parents can best support their children through adverse events and suggested parenting programs that emphasize skill-building to parent children who have experienced adversity. Yet often overlooked is the critical impact of adverse events on the parent and how this may interfere with the cultivation of an environment of support and increase stigmatization due to unmet parenting expectations. While parenting occurs in context, it is often judged based upon societal expectations of childrearing practices and optimal outcomes with little understanding of the factors that contribute to parenting behaviors. The experience of adversity has the potential to impact parental sense of competence and parenting practices. However, parental self-efficacy and social supports can play mediating role in the experience of adversity and parenting stress. The integration of these contextual factors allows for the development of expectations that are best suited to meet the needs of vulnerable family systems.

Examining the Intention to Invest in Cryptocurrencies

2021 ◽  
Vol 10 (3) ◽  
pp. 59-79
Author(s):  
Quoc Trung Pham ◽  
Hiep Hai Phan ◽  
Matteo Cristofaro ◽  
Sanjay Misra ◽  
Pier Luigi Giardino
Keyword(s):  
Financial Literacy ◽  
Perceived Control ◽  
Perceived Risk ◽  
Positive Impact ◽  
Behavioral Control ◽  
Demographic Factors ◽  
Financial Behavior ◽  
Perceived Behavioral Control ◽  
Herding Behavior ◽  
Socio Demographic Factors

Among investors of cryptocurrencies there are supporters and detractors; this claims for the identification of the behavioral and socio-demographic factors that push to invest (or not) in cryptocurrencies. A survey has been administered to 275 Italian investors. Together with socio-demographic features (gender, income, age, and education), behavioral factors derived from the theory of planned behavior (attitude, subjective norm, and perceived control behavior) and from the financial behavior literature (illegal attitude, herding behavior, perceived risk, perceived benefit, and financial literacy) have been collected and analyzed. While attitude, illegal attitude, subjective norms, perceived behavioral control, herding behavior, and perceived risk have a positive impact on investors' intentions. Socio-demographic factors and financial literacy have no influence on the intention to invest in cryptocurrencies. This is the first study that comprehensively investigates the influence of behavioral and socio-demographic factors on the intention of investors to invest in cryptocurrencies.

The Effect of Early Age Involvement to Individuals' Financial Literacy and Financial Well-Being

2021 ◽  
pp. 164-180
Author(s):  
Sedigheh Moghavvemi ◽  
Damarugappriya Muniandy
Keyword(s):  
Interest Rates ◽  
Cash Flow ◽  
Financial Literacy ◽  
Youth Unemployment ◽  
Well Being ◽  
Business Owners ◽  
Fixed Costs ◽  
Flow Problems ◽  
Economic Landscape ◽  
Domestic Economies

Financial literacy is an essential skill, and it is even more critical during economic crises. The COVID-19 pandemic affected the global and domestic economies. While some of its aspects are beyond individual control, financial knowledge can help mitigate the economic crisis, manage income, and help people manage their respective finances. In the past decade, Malaysia experienced a volatile financial environment domestically, but the reverberations were also felt regionally and globally. Variations such as inflation, currency and interest rates fluctuation, and increased living costs affected a significant change, not only to the Malaysian economic landscape but also to individuals. These shortcomings were exacerbated during the COVID-19 pandemic due to its resulting cash-flow problems, where some companies reported “zero income” and reversed the economic growth to -6% in 2020. Youth unemployment tripled (11.7%). Cash-flow imbalances occurred due to payroll, business loans, utilities, and other fixed costs that business owners were obligated to meet.

scholarly journals FINANCIAL LITERACY AND RISK PROFILE: AN EXTENSIVE OBSERVATION ON BANK EMPLOYEES

2021 ◽  
Vol 19 (1) ◽  
pp. 175-186
Author(s):  
Sylviana Maya Damayanti ◽  
◽  
Pramudya Wicaksana ◽  
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Demographic Factors ◽  
Sampling Technique ◽  
Well Being ◽  
Risk Profile ◽  
Financial Decisions ◽  
Bank Employees ◽  
And Gender ◽  
High Level

People with a high level of financial literacy tend to have better financial management skills to realize their financial well-being through effective financial decisions including investing according to their risk profile. The banking industry is an industry that has the highest inclusive level selected because it can represent financial literacy conditions. On the other hand, the gap between financial inclusion and financial literacy leads to a large number of investment (illegal) cases and complaints to regulators. The purpose of this research is to find out the level of financial literacy and type of risk profile, factors that affect it with bank employees in Bandung as research objects. The sampling technique used is a non-probability sampling technique that is purposive sampling with a total of 408 respondents. Data collection is through online questionnaires. There are three sections questionnaire, demographic factors, financial literacy, and risk profile. The data processing techniques used are descriptive statistical analysis and multiple regressions. The results showed that bank employees in Bandung had financial literacy indexes categorized as “medium” or “sufficient” (66.7%) with a risk profile index of “moderate” type (60%). Demographic factors that affect financial literacy are age, education level, and organizational position. While the factor that affects the risk profile is age and gender. Research has also revealed a strong correlation between financial literacy and risk profile.

scholarly journals The Moderating Effect of Socio-Demographic Characteristics on Subjective Wellbeing

2017 ◽  
Vol 5 (1) ◽  
pp. 120 ◽  
Author(s):  
Olusegun Mayungbo
Keyword(s):  
Life Satisfaction ◽  
Subjective Wellbeing ◽  
Survey Design ◽  
Demographic Factors ◽  
Sampling Technique ◽  
Well Being ◽  
Demographic Characteristics ◽  
Subjective Well Being ◽  
Satisfaction Scale ◽  
Socio Demographic Factors

The independent association between socio-demographic characteristics and subjective well-being is well studied, however, the moderating impact of those characteristics are yet to be established in literature. This study examines the moderating influence of socio-demographic characteristics on subjective well-being among residents in Ibadan metropolis. Using a descriptive survey design and a multistage sampling technique, 10 enumeration areas each were selected from the five major Local Government Areas (LGAs) with simple random technique. The number of participants on the selected enumeration areas were determined with enumeration area maps. Two hundred and twenty participants each were selected from each LGA, using a systematic technique, making a total of 1,100 participants. A questionnaire focusing on socio-demographic profile and life satisfaction scale (r=0.74) was administered to the participants. Data were analyzed using descriptive statistics, co-relational analysis, moderated hierarchical multiple regression and analysis of variance at 0.05 level of significance. Two hypotheses were tested. The result reveals that socio-demographic factors jointly predicted life satisfaction (F (1, 1007) =4.61, p<.001). Age and marital status also interacted to predict life satisfaction (β=-0.13, t=-3.58, p<.01; β = -0.08, t=1.98, p<.05). The interaction effect of social demographic factors should be considered in a comprehensive examination of subjective wellbeing.

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