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Financial Literacy and Victimization

Muhammad, Mecca Samaria
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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.

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Date
2018-07-01
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Research Projects
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Keywords
financial literacy, victimization, development, economic empowerment, policy, policy analysis
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