Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Tuesday, October 2 • 4:30pm - 6:00pm
P102 - Do Sources of Financial Education Affect Financial Knowledge and Financial Confidence?

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This study uses 2015 National Financial Capability Study to examine the effects of different sources of financial education on individuals’ financial knowledge and financial confidence. The sources examined include parental and family financial influence, financial education learned from high school and college courses, workplace financial education programs, and combinations of these sources. Results showed that financial education can increase financial knowledge and financial confidence. Generally, those who obtained financial education from all three sources were more likely to be highly knowledgeable about financial matters and highly confident toward their financial capability. Four financial knowledge-financial confidence groups were established to further examine the effects of financial education sources and demographic and socioeconomic characteristics. Findings of this study can reinforce the significance of financial education and shed a light on the development and evaluation of financial education programs for policy makers and financial educators.

Author(s): Lu Fan, Lini Zhang

avatar for Lu Fan

Lu Fan

Assistant Professor, University of Missouri

Tuesday October 2, 2018 4:30pm - 6:00pm CDT
Michigan 2

Attendees (2)