Examining the Validity of Financial Knowledge Measures in a Context of Racialized Financial Market

Research shows that U.S. racial minority groups have lower levels of financial knowledge than whites, yet an explanation for the knowledge gap remains elusive. Financial knowledge measures are generally constructed by summing respondents’ correct answers on a series of factual items and collapsing i...

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Bibliographic Details
Authors: Chen, Zibei (Author) ; Birkenmaier, Julie (Author) ; Garand, James (Author)
Format: Electronic Article
Language:English
Published: 2024
In: Race and social problems
Year: 2024, Volume: 16, Issue: 1, Pages: 86-98
Online Access: Volltext (lizenzpflichtig)
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Keywords:
Racialized financial market
Financial experience
Race
Financial literacy
Financial knowledge