ERIC Number: EJ1328386
Record Type: Journal
Publication Date: 2022
Pages: 7
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0883-2323
EISSN: N/A
A Latent Profile Analysis of College Students' Financial Knowledge: The Role of Financial Education, Financial Well-Being, and Financial Risk Tolerance
Journal of Education for Business, v97 n2 p112-118 2022
This research aims to classify college students into meaningful groups based on their subjective financial knowledge (SFK), objective financial knowledge (OFK), and comparative financial knowledge (CFK) using Latent Profile Analysis (LPA). LPA captures underlying dynamics within the grouping variables and compares group differences. Results of LPA suggest three groups of college students in the sample, and the groups differed in levels of financial well-being (FWB), financial risk tolerance (FRT), and financial education experience (FEE).
Descriptors: Profiles, College Students, Money Management, Knowledge Level, Consumer Education, Well Being, Risk, Classification
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A