Financial Literacy: Building Economic Empowerment with Survivors of Violence

The purpose of this paper is to outline key constructs including financial literacy, economic self-efficacy, economic self-sufficiency, and economic empowerment, and then present findings from an exploratory study that sought to understand the relationship among these variables in a sample of abused...

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Bibliographic Details
Published in:Journal of family and economic issues 2013-09, Vol.34 (3), p.275-284
Main Authors: Postmus, Judy L., Plummer, Sara-Beth, McMahon, Sarah, Zurlo, Karen A.
Format: Article
Language:English
Subjects:
Bank accounts
Consciousness
Domestic violence
Economic models
Economic statistics
Economic theory
Economics
Education
Empowerment
Families & family life
Family
Females
Financial literacy
Gender-based violence
Households
Knowledge
Literacy
Low income groups
Males
Original Paper
Personal finance
Personality and Social Psychology
Policy making
Power
Race
Self-sufficiency
Social Policy
Social problems and social policy. Social work
Social research
Social Sciences
Socioeconomic factors
Sociology
Studies
Survivor
Victims
Victims of violence
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Summary:The purpose of this paper is to outline key constructs including financial literacy, economic self-efficacy, economic self-sufficiency, and economic empowerment, and then present findings from an exploratory study that sought to understand the relationship among these variables in a sample of abused women. The results revealed positive and significant relationships between financial literacy with economic empowerment, economic self-efficacy and economic-self sufficiency. Results also indicated that financial literacy, race, and economic self-sufficiency were significant predictors of economic empowerment. By focusing this research on abused women, it is our intention to raise awareness about the importance of financial literacy curricula with advocates, policy-makers and researchers, so more focus can be given to economically empowering IPV survivors.
ISSN:1058-0476
1573-3475
DOI:10.1007/s10834-012-9330-3