The Association between Financial Exposure and Financial Literacy and Status

Live Poster Session: Zoom Link

Joshwin Jennings

Hello, Joshwin Jennings is a New Jersey native who plans to major in economics and minor in data analysis at Wesleyan University. He also plays soccer for Wesleyan’s Varsity Soccer Team. 

Abstract: Financial literacy is widely recognized as an important determinant of individual well-being, but its impact on subsequent economic outcomes remains under constant investigation. This study further examines the relationship between financial literacy and well-being. An economic perspective on overall economic health and well-being, being the long-term effects of early intervention are evident. Findings reveal compelling evidence of significant positive relationships between levels of financial reason, financial literacy, and overall well-being, highlighting the significant impact of financial literacy on individual financial decision-making processes and well-being emphasized in all ways, and shows how “financial education… may also increase financial capability”(Xiao 2016). These insights highlight the importance of integrating financial education programs from early childhood to develop a foundation of strong financial literacy and promote greater financial well-being in adulthood, and thus financially emphasizing resilience and increased quality of life.