The relationship between financial literacy and financial fragility: the moderation effects of psychological, economic and social factors

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The research investigates how psychological, economic, and societal variables moderate the association between financial literacy and fragility. Quantitative methods improve precision and accuracy. The researcher also used a cross-sectional design to correlate study variables. Purposive sampling chose 400 responses. A pre-made questionnaire is usually utilized for data collection. SPSS 26 and Stata 15 are used for statistical analysis. Financial literacy is beneficial to financial fragility. Financial fragility suffers greatly from financial confidence. Wealth boosts FR significantly. Race does not affect FR. The results show a favorable association between FR and wealthfinancial literacy. However, financial literacy and race interact significantly on FR. According to the results, financial fragility may be decreased by combining financial knowledge with financial confidence.
A thesis submitted to the department of accounting and finance, kwame nkrumah university of science and technology in partial fulfillment of the requirements for the degree of master of science in accounting and finance