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POSTER PRESENTATIONS:
  • Poster presentations are available to view from May 18 through May 23 via ACCI’s (unlisted) YouTube Channel Poster Playlist sent out with the Zoom meeting room links to all attendees.
  • Poster are listed in this schedule on the last day at 6 PM so they appear at the end. Please scroll to the end to find the poster numbers, titles, descriptions, and presenters.

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Thursday, May 21 • 11:00am - 12:30pm
E2c Racial/Ethnic Differences in Consumer Financial Capability: The Role of Financial Education and Financial Anxiety

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This study was to examine racial/ethnic differences in consumer financial capability. Extended from previous studies on financial capability, we focused on the role of financial education and financial anxiety as well as other factors explaining the racial/ethnic gaps. Using newly added variables regarding financial education and financial anxiety to the 2018 National Financial Capability Study, we analyzed associations between a set of factors (including financial education and financial anxiety) and financial capability. This study contributes to the existing literature in twofold: First, we identified contributing factors to financial capability gaps, which were understudied in previous research. Second, we considered two factors, financial education and financial anxiety, in explaining the gaps. The results of this study provide insights into the racial/ethnic disparities in financial capability that have implications for consumer policies, education, and research.

Author(s): Kyoung Tae Kim, Jing Jian Xiao

Presenters
avatar for Kyoung Tae (KT) Kim

Kyoung Tae (KT) Kim

Assistant Professor, University of Alabama


Thursday May 21, 2020 11:00am - 12:30pm CDT
Room 2