Andrzej Cwynar
Financial Literacy, Behaviour and Well-Being of Millennials in Poland Compared to Previous Generations: The Insights from Three Large-Scale Surveys
University of Economics and Innovation
abstract many concerns financial competences millennials initial research generation suggests less financially knowledgeable exhibits less healthy financial behaviours compared generations goal article compare millennials nonmillennials whole well generations treated isolation check whether millennials diverge terms financial literacy behaviour wellbeing end study uses three distinct datasets three surveys conducted 2017 2018 different samples poles applied statistic tests significant differences confirm millennials diverge generations respect financial literacy well behaviours related cash management saving investment however surveyed millennials perform significantly less healthy credit management insurance behaviours compared nonmillennials also found millennials report significantly higher levels financial wellbeing compared previous generations