Psychosocial factors and financial literacy

TitlePsychosocial factors and financial literacy
Publication TypeJournal Article
Year of Publication2013
AuthorsMurphy, JL
JournalSocial security bulletin
KeywordsDemographics, Net Worth and Assets

This study uses data from the Health and Retirement Study (HRS) to analyze the psychological and social variables associated with financial literacy. The HRS is a nationally representative longitudinal survey of individuals older than age 50 and their spouses. An ordinary least squares linear regression analysis explores the relationship between financial literacy and several economic and psychosocial variables. After controlling for earnings, level of education, and other socioeconomic variables in this exploratory study, I find that financial satisfaction and religiosity are correlated with financial literacy.


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Endnote Keywords

Financial literacy/Socioeconomic Status/Religiosity

Endnote ID


Citation Key7869