Table 6.
Study 1 regression analyses examining the incremental associations of SDT motivations on financial outcomes.
| Step 1 | Step 2 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Age | Gender | H. Wealth | Inc | Edu. Att. | Aut. Mot | Con. Mot | Amot. | |||||||||
| b(SE) | b* | b(SE) | b* | b(SE) | b* | b(SE) | b* | b(SE) | b* | b(SE) | b* | b(SE) | b* | b(SE) | b* | |
| Financial Knowledgea | 0.06(0.01) | 0.23* | 0.03(0.08) | 0.02 | −0.01(0.02) | −0.05 | 0.00(0.06) | 0 | 0.22(0.04) | 0.29* | 0.08(0.08) | 0.05 | 0.06(0.09) | 0.04 | −0.20(0.07) | −0.16* |
| R2 = 0.12, F(5, 429) = 11.93, p < 0.001 | R2 = 0.15, F(8, 426) = 9.54, p < 0.001 | |||||||||||||||
| Saving and Investinga | −0.01(0.01) | −0.06 | 0.03(0.05) | 0.02 | 0.02(0.01) | 0.10* | 0.29(0.04) | 0.46** | 0.10(0.03) | 0.18** | 0.18(0.05) | 0.17** | −0.03(0.05) | −0.03 | 0.02(0.04) | 0.02 |
| R2 = 0.48, F(5, 429) = 80.69, p < 0.001 | R2 = 0.51, F(8, 426) = 54.89, p < 0.001 | |||||||||||||||
| Over Spendingb | −0.02(0.01) | −0.15** | 0.07(0.05) | 0.08 | 0.00(0.01) | 0 | 0.00(0.03) | 0 | −0.01(0.03) | −0.04 | 0.01(0.04) | 0.02 | −0.04(0.05) | −0.05 | 0.16(0.04) | 0.25** |
| R2 = 0.04, F(5, 402) = 2.96, p = 0.012 | R2 = 0.09, F(8, 399) = 4.68, p < 0.001 | |||||||||||||||
| Financial S-Awarea | 0.00(0.01) | 0.09‡ | 0.01(0.04) | 0.12* | 0.02(0.01) | 0.02 | 0.16(0.03) | 0.05 | 0.01(0.02) | 0.08 | 0.21(0.03) | 0.41** | −0.15(0.04) | −0.03 | −0.05(0.03) | −0.02 |
| R2 = 0.28, F(5, 429) = 32.70, p < 0.001 | R2 = 0.39, F(8, 426) = 33.40, p < 0.001 | |||||||||||||||
| Financial S-Efficacya | 0.01(0.00) | 0.11* | 0.03(0.02) | 0.10‡ | 0.00(0.00) | −0.02 | 0.04(0.01) | 0.20** | 0.01(0.01) | 0.06 | 0.09(0.02) | 0.27** | −0.03(0.02) | −0.08 | −0.03(0.01) | −0.11* |
| R2 = 0.08, F(5, 429) = 7.87, p < 0.001 | R2 = 0.17, F(8, 426) = 11.14, p < 0.001 | |||||||||||||||
| Financial W-Ba | 0.00(0.01) | 0.02 | 0.01(0.04) | 0.01 | 0.02(0.01) | 0.14* | 0.16(0.03) | 0.39** | 0.01(0.02) | 0.02 | 0.21(0.03) | 0.30** | −0.15(0.04) | −0.20** | −0.05(0.03) | −0.09‡ |
| R2 = 0.28, F(5, 429) = 32.70, p < 0.001 | R2 = 0.39, F(8, 426) = 33.40, p < 0.001 | |||||||||||||||
a
N = 435;
b
N = 408;
‡
p < 0.10;
*
p < 0.05;
**
p < 0.001;
Gender: Female = −1, Male = 1; The effect size b(SE) is the unstandardized regression coefficients with mean-centered predictors; b* is the standardized regression coefficient. The p-values are rounded to the nearest thousandth. All other statistics are rounded to the nearest hundredth.