Skip to main content
. 2021 May 15;31:100514. doi: 10.1016/j.jbef.2021.100514

Table 1.

Mean values and standard deviations of the variables used in the study.

Variable Mean/Proportion (Std)
Female 50.15%
Age 47.60
(15.67)
Education:
- Primary education 7.05%
- Secondary education 39.37%
- Higher education, less than 3 years 21.06%
- Higher education, 3 years or more 32.52%
Household income (median category) 35 000 sek - 44 999 sek
Trust in government: finance 4.12
(1.81)
Trust in government: healthcare 4.18
(1.81)
Financial risk 3.58
(1.79)
Health risk 4.10
(1.59)
Financial literacy 2.57
(1.37)
Financial anxiety 2.37
(0.93)
Financial security 2.85
(1.22)
Satisfaction with life 2.96
(1.01)
Subjective happiness 4.37
(1.25)

Note: Standard deviation in the brackets where applicable. Household income is an ordinal variable and represents monthly gross income of a household. It takes values from 1 (less than 15 000 sek) to 6 (55 000 sek or more). Trust variables take values between 1 (low trust) and 7 (high trust). Risk variables take values between 1 (low risk) and 7 (high risk). Financial literacy takes values between 0 (low literacy) and 5 (high literacy). Financial anxiety takes values between 1 (low level of anxiety) and 5 (high level of anxiety). Financial security takes values between 1 (low level of security) and 5 (high level of security). Satisfaction with life takes values between 1 (low satisfaction) and 5 (high satisfaction). Subjective happiness takes values between 1 (low happiness) and 7 (high happiness).