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What is Impact of Financial Education on Savings about?

This study investigates the impact of socio-demographic characteristics and financial education on saving behavior, highlighting the mediating role of risk aversion. Data from 516 respondents in France reveals significant effects of demographic factors on risk aversion, with financial literacy moderating the relationship between risk aversion and saving behavior. The findings suggest that enhancing financial literacy is crucial for improving household financial well-being and encourage the establishment of

Author

mdkhairulalam19920

Language

EN