Table 7.
Study 2 means, standard deviations, and internal reliabilities for study questionnaires.
| M | SD | α | |
|---|---|---|---|
| Financial motivations | |||
| Intrinsic motivation | 4.75 | 1.29 | 0.88 |
| Identified motivation | 5.13 | 1.20 | 0.87 |
| Introjected motivation | 3.85 | 1.39 | 0.86 |
| External motivation | 3.22 | 1.20 | 0.78 |
| Amotivation | 2.72 | 1.29 | 0.86 |
| Financial Knowledge* | 2.58 | 1.63 | 0.62 |
| FinHealth ToolKit® Scores | |||
| Spend | 68.16 | 25.41 | – |
| Save | 57.47 | 30.79 | – |
| Borrow | 63.59 | 26.74 | – |
| Plan | 58.19 | 27.49 | – |
| Vitality | 3.38 | 1.37 | 0.85 |
| Depletion | 2.78 | 1.24 | 0.85 |
| Life Satisfaction | 4.20 | 1.58 | 0.89 |
*
Chowdhry and Dholakia (2019; Study 3) used data from the 2015 National Financial Capability Study (N = 27,564), in which the mean score across the six Financial Knowledge questions was M = 3.29 (SD = 1.67). Again, the lower mean in the present sample may be sampling error or may reflect a genuine differences in Financial Knowledge across the NFCS participants and our community sample.