Faculty Sponsor: Valerie Nazzaro
Live Poster Session: Join with this zoom link!
Janice Tran
Hi! Janice is a junior majoring in Molecular Biology and Biochemistry. She is the president of the Middletown Area Medical Brigade Chapter which aims to implement sustainable health systems in countries like Honduras. At Wes, she volunteers with the Wesleyan Science Outreach Club and is a math and science tutor with the Upward Bound Program. Outside of Wes, she volunteers at Midstate Medical Center.
Abstract: Financial literacy is typically defined as comprised of two elements, financial knowledge and financial skills. It is well-establised in published research that higher financial literacy correlates with greater financial well-being. This project focuses on investigating whether financial knowledge or financial skills are more important to the contribution of overall financial well-being utilizing data from the (CFPB) National Financial Well-Being Survey published in 2017. A Pearson Correlation Test shows that the correlation coefficient between the financial skill score and the financial well-being score was 0.49 (t=45.51, p<0.001) which is slightly higher than the correlation coefficient between the financial knowledge score and the financial well-being score was 0.33 (t=28, p<0.001). Multiple linear regression plots still show a positive and significant relationship between financial well-being and financial knowledge and financial skills, respectively after controlling for education, gender, and race/ethnicity as potential confounding variables.
QAC-Poster-Presentation.pptx-1