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Subjective Economic Well-Being of Consumers in Personal Financial Education  

Ahn Chang-Hee (Dept. of Consumer Science and Human Development, Ewha Woman University)
Joung Soon-Hee (Dept. of Consumer Science and Human Development, Ewha Woman University)
Publication Information
Journal of Families and Better Life / v.24, no.4, 2006 , pp. 37-50 More about this Journal
Abstract
The purpose of this study is to analyze the determinants of financial behaviors and subjective economic well-being in personal financial education through research targeted at adults. The results indicated by the research can be summarized as follows. First, there was a significant difference found in the changes of financial behaviors in accordance with the types of financial education programs, the time period, and the methods of financial education. Second, financial behaviors were higher when participating in profit financial education programs or in workplace financial education programs. Additionally, the increase was higher when participating in long-term programs. Third, the positive effects on subjective economic well-being were financial behaviors, participation in profitable financial education programs, unmarried and income level.
Keywords
Personal financial education; Financial behaviors; Subjective economic well-being;
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