Publicação
Financial advice to financial well-being: the mediating role of financial self-efficacy
| dc.contributor.author | Fernandes, Daniel | |
| dc.contributor.author | Netemeyer, Richard G. | |
| dc.contributor.author | Warmath, Dee | |
| dc.date.accessioned | 2026-09-24T16:01:50Z | |
| dc.date.available | 2026-09-24T16:01:50Z | |
| dc.date.issued | 2026-01-01 | |
| dc.description.abstract | A central goal in consumer financial decision-making is to understand the factors that promote financial well-being. Previous studies show that interventions aimed at improving consumer objective knowledge of personal finance to affect financial well-being have only minor effect sizes, and that the effects are weaker for individuals in a state of financial vulnerability. In this research, the authors examine the effects of financial advice on consumer financial self-efficacy and downstream influence on perceived financial well-being. They present five studies that examine when, how, and why financial advice improves financial well-being via a financial advice → financial self-efficacy → financial well-being chain of effects. Two correlational studies show that receiving financial advice is positively related to financial self-efficacy, which is strongly related to financial well-being. Three experimental studies examine the effects of simple versus more complex general advice from popular authors, the effect of “just-in-time” actionable financial advice, and the effect of advice tailored to a financially vulnerable population. Overall, the findings show that financial advice can foster financial self-efficacy when it is simple, actionable, and tailored to a specific financial need or population, thereby improving financial well-being. The results have implications for research and policymaking. | eng |
| dc.identifier.doi | 10.1177/07439156261473895 | |
| dc.identifier.eid | 105050660772 | |
| dc.identifier.other | 2a3cefef-4dbe-4e72-9341-6000517624b3 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/59573 | |
| dc.identifier.wos | 001878501400001 | |
| dc.language.iso | eng | |
| dc.peerreviewed | yes | |
| dc.publisher | SAGE Publications Ltd | |
| dc.rights.uri | N/A | |
| dc.subject | Financial advice | eng |
| dc.subject | Financial decision-making | eng |
| dc.subject | Financial self-efficacy | eng |
| dc.subject | Financial well-being | eng |
| dc.title | Financial advice to financial well-being: the mediating role of financial self-efficacy | |
| dc.type | research article | |
| dspace.entity.type | Publication | |
| oaire.version | http://purl.org/coar/version/c_ab4af688f83e57aa |
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