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The Effects of Financial Literacy Overconfidence on the Mortgage Delinquency of US Households
Kim, Kyoung Tae - 2019
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using the 2015 National Financial Capability Study dataset. A hierarchical model showed a substantial negative effect of objective literacy on delinquency, but subjective literacy...
Persistent link: https://www.econbiz.de/10012897977
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Household Investment in 529 College Savings Plans and Information Processing Frictions
Li, James J.; Mitchell, Olivia S.; Zhu, Christina - National Bureau of Economic Research - 2023
. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax … information processing frictions shape households' suboptimal investment in college savings plans and reduce their financial well-being …
Persistent link: https://www.econbiz.de/10013537742
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Consumer financial education and financial capability
Xiao, Jing-jian; O'Neill, Barbara - In: International journal of consumer studies 40 (2016) 6, pp. 712-721
Persistent link: https://www.econbiz.de/10011640346
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Five steps to planning success : experimental evidence from US households
Heinberg, Aileen; Hung, Angela; Kapteyn, Arie; Lusardi, … - In: Oxford review of economic policy 30 (2014) 4, pp. 697-724
Persistent link: https://www.econbiz.de/10011283981
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The smart money is in cash? : financial literacy and liquid savings among U.S. families
Bhutta, Neil; Blair, Jacqueline; Dettling, Lisa J. - 2021
Persistent link: https://www.econbiz.de/10012705020
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Confidence, financial literacy and investment in risky assets: evidence from the survey of consumer finances
Cupák, Andrej; Fessler, Pirmin; Hsu, Joanne W.; … - 2020
Persistent link: https://www.econbiz.de/10012253781
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Confidence, financial literacy and investment in risky assets : evidence from the Survey of Consumer Finances
Cupák, Andrej; Fessler, Pirmin; Hsu, Joanne W.; … - 2020
Persistent link: https://www.econbiz.de/10012388165
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Popular Personal Financial Advice versus the Professors
Choi, James J. - National Bureau of Economic Research - 2022
individuals. I cover advice on savings rates, the advisability of being a wealthy hand-to-mouth consumer, asset allocation, non …-mortgage debt management, simultaneous holding of high-interest debt and low-interest savings, and mortgage choices …
Persistent link: https://www.econbiz.de/10013362049
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Financial Literacy of U.S. Households : Knowledge vs. Long-Term Financial Planning
Alhenawi, Yasser; Elkhal, khaled - 2014
We examine the relationship between financial knowledge and long-term financial planning behavior. This analysis is important in light of the recent financial crisis and the current level of economic uncertainty. Survey responses from U.S. households are analyzed using analysis of variance,...
Persistent link: https://www.econbiz.de/10014140194
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Popular personal financial advice versus the professors
Choi, James J. - In: The journal of economic perspectives : a journal of the … 36 (2022) 4, pp. 167-192
Persistent link: https://www.econbiz.de/10014227642