Title

Financial Literacy: The Relationship to Saving Behavior in Low- to Moderate-income Households

Document Type

Article

Publication Date

9-7-2015

Abstract

This study was designed to explore financial literacy in low- to moderate-income households with regard to saving behavior. The study examined the low- to moderate-income household’s decision to save regularly and their responses to three questions related to financial literacy and a self-reported perception of financial knowledge. Perceived financial knowledge and planning (usually or most of the time) were good indicators of the decision to save regularly.