The Journal of Consumer Affairs.

Digital innovations are transforming financial services and resulting changes in consumer behavior and personal money management. Diffusion of pervasive digital technologies offers individuals quick and easy access to various digital services bringing opportunities and challenges into their personal money management. The study aimed to explore how digitalization affects individuals’ financial literacy and financial capability. As a result, we identified three main themes in the intersection of finance and digitalization: Fintech, Financial behavior in digital environments, and Behavioral interventions.

This study investigates the associations of adolescents’ financial socialization factors—financial education in school and families—with financial confidence. In addition, we examine how financial socialization factors indirectly relate to financial literacy skills through financial confidence and the role of demographic factors on financial socialization, financial confidence, and financial literacy scores. We used data on the 4 328 Finnish 15-year-olds participating in the 2018 Programme for International Student Assessment (PISA).

In this study, we examine the prevalence of income and career concerns among emerging adults in three different welfare states during COVID-19: Finland, Sweden, and the United Kingdom. This study also delves into how factors such as one’s self-perceived financial situation, generalized mistrust, loneliness and socio-demographics are related to emerging adults’ income and career concerns. Results showed that individuals from the United Kingdom were more likely to experience increased income and career concerns than those in Finland and Sweden.