Mette Ranta|Katariina Salmela?Aro
Subjective financial situation and financial capability of young adults in Finland
University of Jyväskylä|University of Helsinki|University of Jyväskylä|University of Helsinki
key developmental task young adulthood acquiring financial capability serido shim amp tang 2013 meaning competent financial management skills responsibilities involve study extends previous research theoretical model development financial capability including financial confidence financial selfefficacy financial behavior factors contributing subjective financial wellbeing part finnish educational transitions studies finedu longitudinal research project participants 418 young adults aged 2425 time 1 2627 time 2 path mediation models structural equation modeling following modified theoretical model financial capability estimated results support theoretical model financial capability among young adults finland study complements previous research investigating associations subjective financial situation financial capability respective mediation effects time