Measuring Financial Literacy

2010/06/01 by SANDRA J. HUSTON, Sandra J. Huston · 8 citations
Business, Management and Accounting · Psychology · #Accounting #Accounting management #Business #Finance #Financial Literacy, Pension, Retirement Analysis #Financial literacy #Meaning (existential) #Psychology

paper · doi:10.1111/j.1745-6606.2010.01170.x

crossref issued 2010/06/01 · crossref published 2010/06/01 · crossref published-online 2010/06/01 · crossref published-print 2010/06/01 · openalex publication_date 2010/06/01 · crossref created 2010/06/02 · crossref deposited 2023/09/11 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/02 · crossref indexed 2026/08/04

Abstract

Financial literacy (or financial knowledge) is typically an input to model the need for financial education and explain variation in financial outcomes. Defining and appropriately measuring financial literacy is essential to understand educational impact as well as barriers to effective financial choice. This article summarizes the broad range of financial literacy measures used in research over the last decade. An overview of the meaning and measurement of financial literacy is presented to highlight current limitations and assist researchers in establishing standardized, commonly accepted financial literacy instruments.

Citations

• Planning and Financial Literacy: How Do Women Fare?

Cited by

• Financial literacy in the digital age—A research agenda
• The Effects of Financial Education on Short‐Term and Long‐Term Financial Behaviors
• Conscientiousness, Financial Literacy, and Asset Accumulation of Young Adults
• Financial self‐efficacy, financial literacy, and gender: A review
• Financial capability and wellbeing of vulnerable consumers
• Gender differences in recollections of economic socialization, financial self‐efficacy, and financial literacy
• Financial capability of student loan holders who are college students, graduates, or dropouts
• The role of learning motivation on financial knowledge among Vietnamese college students

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