'Cradle to grave' financial literacy programs and money management
The objective of this paper is to develop an integrated conceptual model, termed as the “cradle to grave model” that forms the link between the roles of educational agents, socialisation agents and the media with financial literacy and its eventual impact on money management. The paper also propos...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/36975/ http://irep.iium.edu.my/36975/ http://irep.iium.edu.my/36975/ http://irep.iium.edu.my/36975/1/Cardle_to_grave.pdf |
| Summary: | The objective of this paper is to develop an integrated conceptual model, termed as the “cradle to grave model”
that forms the link between the roles of educational agents, socialisation agents and the media with financial
literacy and its eventual impact on money management. The paper also proposes the moderating effects of
money attitude between financial literacy and money
management for future empirical research. The researchers
deliberated on a rigorous literature to conceptualise the model. It is envisioned that the paper will assist
individual citizens and the policy makers in
understanding the use of educational institutions, society and media to intellectualize financial literacy in achieving money management. The proposed conceptual model by the researchers should not be generalized until further empirical testing. Auxiliary research is desired to empirically validate the concept through systematic investigations and devising of appropriate tools for quantification. The idea is original and makes the foundational contribution for an inaugural stream of financial literacy and money management research. |
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