The goal of our research project is to discover the factors that contribute to financial well-being in the United States. We used an interaction term to see how the effect of marriage on financial well-being changes by gender. We found that the socio-economic variables were statistically significant in explaining the financial well-being score. The financial skills score allowed us to control for additional factors that are subjective assessments from respondents. The interaction term is statistically significant and illustrates that women of all marital statuses have lower financial well-being scores than men of the same marital status.
Economics, Finance, & Accounting
Copyright the Author(s)
Langdon, Alexis and Schreyer, Sam
"Financial Well-Being in the United States,"
SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2020, Article 47.
Available at: https://scholars.fhsu.edu/sacad/vol2020/iss2020/47