Show simple item record

Files in this item

Cover for Common Cents: An Analysis of Financial Literacy and Socioeconomic Mobility in the United States
dc.contributor.advisorKaraca, Zeynal
dc.creator
dc.date.accessioned2021-08-11T14:55:24Z
dc.date.available2021-08-11T14:55:24Z
dc.date.created2021
dc.date.issued
dc.date.submitted01/01/2021
dc.identifier.uri
dc.descriptionM.P.P.
dc.description.abstractMany experts in the field of consumer finance highlight the scarcity of financial literacy in the United States. Compared to other developed countries, the U.S. population lacks rudimentary financial skills that would enable them to achieve greater success. Even after the expansion of financial tools and products and the recent economic fallout due to the Great Recession, there seem to be millions of Americans who are still financially illiterate. Using data from the Consumer Financial Protection Bureau’s (CFPB) 2017 National Financial Well-Being Survey, this thesis assesses the potential impacts various demographic and personal factors have on financial literacy in the U.S. When measuring financial literacy, this thesis finds that education, race and ethnicity, gender, income, poverty status, homeownership, and perceived financial literacy are associated with financial knowledge levels. These findings underscore existing empirical research and may be beneficial when considering solutions to curb the compounding nature of financial illiteracy for future generations. Because financial literacy may be of great importance to socioeconomic mobility in the United States, it is vital that further research attempt to connect aspects described in this thesis to lasting public policy remedies.
dc.formatPDF
dc.format.extent58 leaves
dc.languageen
dc.publisherGeorgetown University
dc.sourceGeorgetown University-Graduate School of Arts & Sciences
dc.sourcePublic Policy & Policy Management
dc.subject.lcshPublic policy
dc.subject.otherPublic policy
dc.titleCommon Cents: An Analysis of Financial Literacy and Socioeconomic Mobility in the United States
dc.typethesis
dc.identifier.orcid0000-0003-2401-1647


This item appears in the following Collection(s)

Show simple item record