Kelmara Mendes Vieira|Aureliano Angel Bressan|Luana S. Fraga
FINANCIAL WELL-BEING OF THE BENEFICIARIES OF THE MINHA CASA MINHA VIDA PROGRAM: PERCEPTION AND ANTECEDENTS
Universidade Federal de Santa Maria|Universidade Federal de Minas Gerais|Pontifícia Universidade Católica do Rio Grande do Sul|Pontifícia Universidade Católica do Rio Grande do Sul|Universidade Federal de Minas Gerais
abstract purpose article two main objectives measure level financial wellbeing fwb beneficiaries minha casa minha vida program pmcmv test hypothesis financial literacy antecedent fwb originalityvalue considering still universally accepted definition measure fwb brggen hogreve holmlund kabadayi amp lfgren 2017 study seeks apply methodology proposed consumer financial protection bureau cfpb brazil since previous applications attempts scales showed great instability also hypothesis financial literacy antecedent fwb tested designmethodologyapproach measure fwb scale developed cfpb used financial literacy built three dimensions proposed organisation economic cooperation development oecd financial behavior attitude financial knowledge instrument implemented 561 beneficiaries three funding ranges pmcmv used descriptive statistical analysis confirmatory factorial analysis multiple linear regression findings results indicated majority beneficiaries program present mediumlow mediumhigh levels fwb hypothesis financial literacy antecedent fwb confirmed three dimensions positive impact levels income also presented positive influence whereas fact dependents negative impact bef measure proposed cfpb seems adequate brazilian context advances national financial literacy strategies tend increase fwb minha casa minha vida program