{"title":"Financial literacy and digital product consumption - An analysis based on CFPS data","authors":"","doi":"10.1016/j.frl.2024.105977","DOIUrl":null,"url":null,"abstract":"<div><p>This study explores the profound connection between financial literacy and the utilization of digital products. The research uncovers a substantial rise in digital product usage as one's financial knowledge improves. Moreover, household income and social interaction serve as significant mediators in this relationship. Additional investigations revealed that gender, geographical location, and urban/rural status moderate the connection between financial literacy and digital product consumption. More precisely, males, individuals residing in the eastern region, and urban dwellers tend to enhance their digital product usage more significantly upon enhancing their financial literacy, as opposed to females, central/western region residents, and rural inhabitants.</p></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":null,"pages":null},"PeriodicalIF":7.4000,"publicationDate":"2024-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324010079","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
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Abstract
This study explores the profound connection between financial literacy and the utilization of digital products. The research uncovers a substantial rise in digital product usage as one's financial knowledge improves. Moreover, household income and social interaction serve as significant mediators in this relationship. Additional investigations revealed that gender, geographical location, and urban/rural status moderate the connection between financial literacy and digital product consumption. More precisely, males, individuals residing in the eastern region, and urban dwellers tend to enhance their digital product usage more significantly upon enhancing their financial literacy, as opposed to females, central/western region residents, and rural inhabitants.
期刊介绍：
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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