The association between intelligence and financial literacy: A conceptual and meta-analytic review

Callis, Zoe; Gerrans, Paul; Walker, Dana L.; Gignac, Gilles E.

doi:10.1016/j.intell.2023.101781

Cited by 11 publications

(4 citation statements)

References 116 publications

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“…It is often referred to as intelligence or mental ability (Carroll, 1993) 25 . Positive relationships were seen between cognitive capacity and financial literacy (Callis et al, 2023) 26 . These abilities include thinking, quantitative reasoning, comprehensive knowledge, and financial literacy.…”

Section: Relationship Between Financial Literacy and Intelligence/cog...mentioning

confidence: 98%

An Extensive Analysis of the Precursors and Consequences of Financial Literacy: A Systematic Review

Deepak

2023

Sachetas

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The main objective of this research is to investigate the causes that lead to financial literacy and how they affect people's prosperity and the nation's economic prosperity. This study examines a substantial amount of literature using a diagnostic research technique in order to pinpoint the key factors influencing financial literacy. The complex concept of financial literacy is made up of three parts: financial knowledge, attitude, and behaviour. The findings indicate that, in addition to an individual's gender, age, and academic accomplishments, socioeconomic, family, and cultural factors also have a substantial impact on that person's level of financial competence. The aforementioned factors are crucial in molding a person's understanding of finance, which subsequently impacts their aptitude for handling money and their financial conduct. Ultimately, a strong foundation in financial literacy has led to the ability to provide stability in finances and promote general prosperity. To sum up, it is critical to address the antecedents of financial literacy. Further research opportunities may involve empirical studies to assess the antecedents in different regions and the development of a systematic model for understanding and enhancing financial literacy.

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Section: Relationship Between Financial Literacy and Intelligence/cog...mentioning

confidence: 98%

An Extensive Analysis of the Precursors and Consequences of Financial Literacy: A Systematic Review

Deepak

2023

Sachetas

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“…We will do so by testing a series of structural equation models in a head-to-head fashion. Thereby, we are following the example by Callis et al (2023), who demonstrated the position of financial literacy in the nomological network of the CHC model by testing different theoretical assumptions in a head-to-head fashion.…”

Section: Attempting To Integrate Figurative Language Comprehension In...mentioning

confidence: 99%

Adding a Piece to the Puzzle? The Allocation of Figurative Language Comprehension into the CHC Model of Cognitive Abilities

Biesok,

Ziegler,

Montag

et al. 2024

J. Intell.

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The study aimed to investigate the allocation of figurative language comprehension (FLC) within the Cattell–Horn–Carroll (CHC) model of cognitive abilities, using three newly developed tests: the Reverse Paraphrase Test (RPT), the Literal Paraphrase Test (LPT), and the Proverb Test (PT). The analysis of a sample of 909 participants revealed that the RPT and LPT measured a unidimensional construct of FLC, while the PT was excluded due to insufficient fit. Combining RPT and LPT items, various models were evaluated, with a bifactor S-1 model showing the best fit, indicating the influence of a general factor (representing FLC) and test-specific method factors. The study explored FLC allocation within the CHC model, supporting its consideration as a distinct factor under the g factor. Examining the nomological network, significant correlations emerged between the Intellectual Curiosity and Aesthetic Sensitivity facets of Openness and FLC, which were comparable in size to the relation with general ability. In conclusion, the study enhances the understanding of FLC within the CHC model, advocating its recognition as a distinct factor. Correlations with Openness facets suggest valuable insights into the interplay between cognitive abilities and personality, necessitating further research for a deeper exploration of this relation.

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“…Sejalan dengan yang diungkapkan bahwa pengetahuan keuangan sangat membantu individu untuk menghindari kesalahpahaman dalam pengambilan keputusan [7]. Literasi keuangan merupakan kemampuan yang berhubungan dengan kecerdasan dan kemapuan kognitif [8]. Berdasarkan permasalahan yang dihadapi BUMDes di Desa Taludaa dan pentingnya literasi keuangan BumDes, maka literasi keuangan menjadi bagian dalam program pelatihan dalam pengabdian ini yang disampaikan oleh pemateri Bapak Mattoasi, Ph.D lebih memfokuskan pada pentingnya literasi keuangan bagi pengelolaan BumDes untuk mewujudkan akuntabilitas dan transparansi dalam pengelolaan sumber daya yang dimiliki oleh BUMDes.…”

Section: 3unclassified

Peningkatan eksistensi BUMDes di Desa Taludaa melalui pelatihan tata kelola, literasi keuangan dan pemasaran

Wuryandini,

Husain,

Amaliah

2024

KACANEGARA

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Realitas yang dihadapi Bumdes "Zansibar" di Desa Taludaa, diantaranya: pengelolaan bisnis yang dilakukan belum memadai untuk menopang pendapatan desa dan kesejahteraan masyarakat, tata kelola usaha BUMDes yang belum memadai, keterbatasan sumber daya mitra dalam pengelolaan keuangan yang memadai, kurangnya inovasi media promosi yang dilakukan. Penguatan kompetensi tata kelola, pengelolaan keuangan dan sistem pemasaran BUMDes penting untuk menciptakan BUMDes yang mandiri dan berdaya saing. Tujuan dari pengabdian ini adalah memberikan edukasi tata kelola BUMDes, literasi keuangan dan sistem pemasaran. Metode yang dilakukan menggunakan pendekatan partisipatif, metode ceramah, FGD (Focus Group Discussion), pendampingan berbasis kelompok dan individual. Mekanisme tahapan kegiatan pengabdian terdiri dari tahap investigasi, pembekalan, evaluasi, dan implementasi. Hasil dari kegiatan pengabdian menunjukkan peningkatan motivasi dan pemahaman mitra dalam tata kelola, pengelolaan keuangan dan sistem pemasaran berdasarkan potensi yang dimiliki desa.

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The association between intelligence and financial literacy: A conceptual and meta-analytic review

Cited by 11 publications

References 116 publications

An Extensive Analysis of the Precursors and Consequences of Financial Literacy: A Systematic Review

An Extensive Analysis of the Precursors and Consequences of Financial Literacy: A Systematic Review

Adding a Piece to the Puzzle? The Allocation of Figurative Language Comprehension into the CHC Model of Cognitive Abilities

Peningkatan eksistensi BUMDes di Desa Taludaa melalui pelatihan tata kelola, literasi keuangan dan pemasaran

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