Microsoft Word Ed Horwitz Post Dissertation Fina docx

Figure 2.1 Concept of Financial Literacy 
 
(Huston, 2010) 
 
Within the broader context, personal financial education helps to build financial 
knowledge, increasing overall financial literacy (see Figure 2.2). In addition to financial literacy, 
financial behavior is also potentially affected by other influences such as cultural and familial 
characteristics, economic conditions, time preferences, and behavioral biases. Financial literacy, 
personal financial behaviors, and other personal influences ultimately contribute to overall 
financial well-being.  
 
 
 

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Figure 2.2 Relations among Financial Literacy, Knowledge, Education, Behavior, and