IDEAS home Printed from https://ideas.repec.org/a/bla/jconsa/v53y2019i2p382-423.html
   My bibliography  Save this article

Exploring the Interplay of Cognitive Style and Demographics in Consumers' Financial Knowledge

Author

Listed:
  • Genevieve E. O'Connor

Abstract

Despite substantial research and advances in consumers' financial knowledge, many Americans still lack basic financial skills. One overlooked research area is the relationships between consumers' cognitive style and subjective knowledge and objective knowledge, and how these relationships vary by demographics. Based on a nationwide study (n = 817), results indicate that consumers' perception of their subjective financial knowledge varies by cognitive style, with those consumers having an intuitive cognitive style, having a higher perception of their subjective financial knowledge than those who are more analytical. More nuanced results suggest that subjective knowledge is related to the interplay of cognitive style with demographics, whereas objective knowledge is not dependent on this interplay. These and other results illustrate that understanding nuances of financial knowledge is still of pressing importance to ensure consumer well‐being.

Suggested Citation

  • Genevieve E. O'Connor, 2019. "Exploring the Interplay of Cognitive Style and Demographics in Consumers' Financial Knowledge," Journal of Consumer Affairs, Wiley Blackwell, vol. 53(2), pages 382-423, June.
    • Handle: RePEc:bla:jconsa:v:53:y:2019:i:2:p:382-423
    DOI: 10.1111/joca.12195
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/joca.12195
    Download Restriction: no
    File URL: https://libkey.io/10.1111/joca.12195?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jconsa:v:53:y:2019:i:2:p:382-423. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-0078 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.