A new (and better) way to measure individual financial capability
Author: James Splinter, Jennifer Robson
Topic: Research and evaluation
Publisher: Carleton University
Location: Canada
Format: Report
Content Type: Research
Publication Date: October 1, 2015
This study aims to validate the results of a 2012 pilot study that developed a short instrument to measure financial capability, using national survey results as reference point. More importantly, this study also develops a numerical scoring system to provide respondents with a transparent and easy to interpret method for differentiating low, moderate and high levels of personal financial literacy.
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