What is it about?

This review is to examine the literature on consumer financial capability with a focus on conceptual definitions.

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Why is it important?

Financial capability is an important factor contributing to consumer wellbeing and an emerging topic in consumer finance. It is a term similar to financial literacy, financial behavior, and financial wellbeing. This article attempts to discuss similarities and differences of these terms and propose a broad conceptual framework for future research.

Perspectives

This article is coauthored by scholars in consumer science, social work, and business studies.

Dr. Jing Jian Xiao
University of Rhode Island

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This page is a summary of: Financial capability: a systematic conceptual review, extension and synthesis, International Journal of Bank Marketing, September 2022, Emerald,
DOI: 10.1108/ijbm-05-2022-0185.
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