Microsoft Word Ed Horwitz Post Dissertation Fina docx

 Socio-Economic Variables   
 
Socio-economic variables were used to control for various individual characteristics. 
These variables were split into two groups, demographic characteristics and familial 
characteristics, and are represented in the financial literacy model (Figure 4.2) within the other 
influences component. The demographic characteristics included age, ethnicity, and education 
level, and the familial characteristics include marital status, gender, and number of dependent 
children. The variables selected have been used in historical literature assessing best practice 
behaviors within the NCFS data (Seay & Robb, 2013; Robb & Woodyard, 2011). 

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