Microsoft Word Ed Horwitz Post Dissertation Fina docx

 Research Hypotheses 
Based on the review of prior literature, participants of a comprehensive financial 
education program were expected to be associated with positive changes in measures of financial 
well-being. The following was hypothesized: 
H1
A
: Participation in a worksite comprehensive financial education program is associated 
with increased savings satisfaction. 

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H2
A
: Participation in a worksite comprehensive financial education program is associated 
with decreased income worry.  
H3
A
: Participation in a worksite comprehensive financial education program is associated 
with decreased expense worry. 
H4
A
: Participation in a worksite comprehensive financial education program is associated 
with decreased debt worry. 
H5
A
: Participation in a worksite comprehensive financial education program is associated 
with increased retirement savings confidence. 
H6
A
: Participation in a worksite comprehensive financial education program is associated 
with increased comfortable retirement confidence. 
H7
A
: A positive correlation exists between changes in financial literacy and changes in 
financial well-being among participants of a worksite comprehensive financial 
education program. 
 Data Analysis 
The research seeks to more clearly understand how participation in a financial education 
program is associated with changes in financial well-being. First, a series of t-tests were 
performed to see if there were differences in the mean scores among and between the participant 
and control groups for six financial well-being measures. A regression analysis was also 
performed to test if participation is associated with increased financial well-being, controlling for 
any socio-demographic differences that exist between the participant and control groups. Lastly, 
a correlation analysis was performed to test if changes in financial literacy were associated with 
changes in financial well-being. These analyses will provide better understanding of whether or 
not participation is associated with improved financial well-being.    

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