Episode 88: Financial Wellness Concepts

From financial literacy to financial capability -and everything in between - we explain key terms related to financial well-being in our latest episode of Making Cents of Money! Show Notes: Find out your financial well-being (CFPB): https://www.consumerfinance.gov/consumer-tools/financial-well-being/ Some Research on Financial Terms: De Bruijn, E. J., & Antonides, G. (2022). Poverty and economic decision making: a review of scarcity theory. Theory and Decision, 92(1), 5-37. Johnson, E., & Sherraden, M. S. (2007). From financial literacy to financial capability among youth. J. Soc. & Soc. Welfare, 34, 119. Lee, J. M., Lee, J., & Kim, K. T. (2020). Consumer financial well-being: Knowledge is not enough. Journal of Family and Economic Issues, 41(2), 218-228. Lusardi, A., & Mitchell, O. S. (2011). Financial literacy around the world: an overview. Journal of pension economics & finance, 10(4), 497-508. Remund, D. L. (2010). Financial literacy explicated: The case for a clearer definition in an increasingly complex economy. Journal of consumer affairs, 44(2), 276-295. Rothwell, D. W., Khan, M. N., & Cherney, K. (2016). Building financial knowledge is not enough: Financial self-efficacy as a mediator in the financial capability of low-income families. Journal of Community Practice, 24(4), 368-388. Sherraden, M. S. (2010). Financial capability: What is it, and how can it be created?. Xiao, J. J., & O'Neill, B. (2016). Consumer financial education and financial capability. International Journal of Consumer Studies, 40(6), 712-721.