Journalism and Mass Communications, College of
Date of this Version
Summer 2010
Citation
Journal of Consumer Affairs 44:2 (Summer 2010), pp.276–295.
doi: 10.1111/j.1745-6606.2010.01169.x
Abstract
This study explicates the concept of financial literacy, which has blossomed in use this century. Scholars, policy officials, financial experts, and consumer advocates have used the phrase loosely to describe the knowledge, skills, confidence, and motivation necessary to effectively manage money. As a result, financial literacy has varying conceptual definitions in existing research as well as diverse operational definitions and values. This study dissects the differing financial literacy definitions and measures, urging researchers toward common ground. A clearer definition should improve future research, in turn helping consumers better understand and adapt to changing life events and an increasingly complex economy.
Included in
Finance and Financial Management Commons, Journalism Studies Commons, Mass Communication Commons, Public Relations and Advertising Commons, Social Influence and Political Communication Commons
Comments
Copyright © 2010 by The American Council on Consumer Interests. Used by permission.