Measuring Financial Literacy

Sandra J. Huston

doi:10.1111/j.1745-6606.2010.01170.x

Measuring Financial Literacy

Sandra J. Huston

Personal Financial Planning

Research output: Contribution to journal › Article › peer-review

697 Scopus citations

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.

Original language	English
Pages (from-to)	296-316
Number of pages	21
Journal	Journal of Consumer Affairs
Volume	44
Issue number	2
DOIs	https://doi.org/10.1111/j.1745-6606.2010.01170.x
State	Published - Jun 2010

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Measuring Financial Literacy

Abstract

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