Explores how financial capability and emotion regulation shape information-seeking preferences across financial tasks, suggesting new directions for intervention.
Key Points
This research investigates the influence of financial capability factors and emotion regulation difficulties on preferences for financial information sources.
Analyzed data from 463 US adults using probit regression models.
Examined associations between financial capability, emotion regulation difficulties, and information source preferences.
Conducted robustness checks to validate findings.
Preferences for financial information sources varied by task: money management, savings/investments, and credit/borrowing.
Positive financial attitudes increased reliance on family for multiple financial tasks.
Higher financial knowledge led to greater use of professionals for money management and savings, but reduced reliance on social media for borrowing.