Knowledge Tree
digital financial literacy
Facts (11)
Sources
Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua 10 facts
claimHigher levels of digital financial literacy are associated with being male, younger or middle-aged, highly educated, unemployed, and having greater household income and assets, according to a study of 158,169 Japanese account holders.
claimPractical components of digital financial literacy, specifically digital financial know-how, decision-making abilities, and self-protection skills, are associated with alleviated old age anxiety.
referenceKumar's research, 'The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being', examines how skills, digital literacy, capability, and autonomy influence financial decisions and well-being.
claimBeing married, having children, holding a myopic view of the future, and high risk aversion are linked to lower levels of digital financial literacy, according to a study of 158,169 Japanese account holders.
claimOrdinal logistic regression analysis by Jargalmaa Amarsanaa et al. reveals a negative association between digital financial literacy and old age anxiety among individuals aged 40 to 64 in Japan.
referenceLyons authored the paper 'A methodological overview to defining and measuring “digital” financial literacy,' published in Financial Planning Review, issue 4, page e1113.
claimThe digitalization of financial systems has intensified risks such as cyber fraud, data breaches, and financial exclusion, particularly for individuals with low digital financial literacy.
measurementA study by Sumeet Lal, Aliyu Ali Bawalle, Mostafa Saidur Rahim Khan, and Yoshihiko Kadoya analyzed data from 158,169 active account holders in Japan using ordinary least squares regression to identify factors influencing digital financial literacy.
claimSetiawan researched digital financial literacy and its relationship to current saving and spending behavior and future foresight.
referenceAzeez's research, 'Digital financial literacy and its determinants: an empirical evidences from rural India', investigates the determinants of digital financial literacy in rural India.
Examining Behavioural Aspects of Financial Decision Making - OUCI ouci.dntb.gov.ua 1 fact
claimDigital financial literacy is a key enabler for women's economic outcomes, particularly in rural and low-income contexts.