Date of Award
Master of Science in Finance
Dr. John Loughlin
Dr. Guarango Banerjee
The purpose of this thesis is to explore the influence of formal education, spending habit, and planning habit on investing habit, while controlling for age, gender, income, and self-perception of financial knowledge. The previous studies tested the influence of education on certain money management skills or investing habits, but none of them explored the influence of formal education, spending habit and planning habit on investing habits. This thesis explores this influence of those three independent variables with control variables on a sample that represents the entire population of the United States. The testing is performed on the data from 2012 National Financial Capability Study by using descriptive statistics and multiple regression analyses. This thesis found that formal education, spending habit and planning habit affect the investing habits of an individual.
Simunic, Miran, "Do Education, Spending Habits and Planning Habits Affect Investing Habits?" (2016). Theses. 42.