Family & Consumer Sciences
John Wiley & Sons, Inc.
Using data from the 2018 National Financial Capability Study, this paper examined the relationship between financial education participation and affective and cognitive financial knowledge. Involvement in financial education yielded statistically significant associations between affective and cognitive domains. The results showed that participation in financial education was associated with both cognitive and affective financial knowledge as well as long-term financial behaviors. The findings supported the case for life-long learning of financial education for young adults, Blacks and Hispanics, and women. One important implication was the need to include both the affective and cognitive domains when teaching or researching financial education.
Delgadillo, Lucy M., and Lee, Yoon. "Association Between Financial Education, Affective and Cognitive Financial Knowledge, and Financial Behaviors." Family & Consumer Sciences, 2021. https://doi.org/10.1111/fcsr.12414
Available for download on Wednesday, August 16, 2023