Live Poster Session: Zoom Link
Lindsey Diomede
Lindsey is a Freshman at Wesleyan University and a prospect Economics major and Data Analysis minor. She is from Westwood, Massachusetts in which she attended Westwood High School. Outside of academics, she is a member of the Wesleyan Womens Lacrosse team.
Abstract: The purpose of this study was to investigate if there is an association between education levels and financial well-being. The study additionally takes into account the effects a third variable of gender has on this relationship. Previous studies have focused more specifically on the association between financial education and financial literacy. This research would widen the scope into the relationship between traditional education unrelated to financial education, and financial well-being. The study utilizes data from the 2016 National Financial Well-Being Survey conducted by The Consumer Financial Protection Bureau (CFPB). Data highlights US adults from all different households in each of the 50 states. Through investigation, the results of this study have revealed that there is a significant positive association between education levels and financial well-being. Additionally, after controlling for gender this relationship remained significant. This information can be potentially utilized by adolescents to be motivated to seek higher education and set up their future financially.
QAC-Final-POSTER-LD