This paper examines the factors associated with access to and frequency of use of alternative financial services (AFS) using a composite dataset comprising of geographic locations of AFS establishmen...

Objective This study develops a conceptual framework for examining the associations between family financial socialization and financial capability on individuals' financial well-being and explores ...

This study contributes to research on family financial behaviors in the United States by examining the association between various family structures and desirable financial behaviors among American fa...

The increasingly complicated financial markets and products can be daunting for investors, while access to complete and accurate information through appropriate sources is key to making informed investment decisions. This study uses the 2021 National Financial Capability Study State-by-State Survey combined with the Investor Survey to examine the relationships between investment-specific and fundamental financial knowledge and the associations of these two types of knowledge with investors’ reliance on three distinct information sources for investment decisions, namely, mobile trading apps, financial professionals, and social networks. The analysis reveals that objective investment-specific knowledge and objective fundamental financial knowledge negatively correlated with investors’ reliance on all three information sources and the number of sources used. On the other hand, subjective investment-specific knowledge exhibited positive correlations with the reliance on these three information sources and the number of sources used but subjective fundamental knowledge did not. The findings provide important implications for policymakers, financial planners, and counselors.