Financial Literacy and Victimization
Muhammad, Mecca Samaria
Citations
Abstract
This paper examines the relationship between financial literacy (FL) and susceptibility to economic victimization. Susceptibility to victimization functions as a proxy variable for victimization. It employs a modified, quasi-experimental case study approach and pulls from survey and interview data. It measures changes to FL and susceptibility to victimization after a FL workshop was delivered to a sample of refugees based in a city in southeastern US. Results demonstrate that FL seemed to increase for those within the treatment group. Subsequent changes to susceptibility to victimization indicated a decrease. The study also notes some evidence of a multiplier and reverse multiplier effect. Implications for future research, policy, and behavioral theories are discussed.