{"id":"https://openalex.org/W3108420652","doi":"https://doi.org/10.1111/fcsr.12381","title":"Propensity to Plan, Financial Knowledge, Overconfidence, and Credit Card Management Behaviors of Millennials","display_name":"Propensity to Plan, Financial Knowledge, Overconfidence, and Credit Card Management Behaviors of Millennials","publication_year":2020,"publication_date":"2020-11-06","ids":{"openalex":"https://openalex.org/W3108420652","doi":"https://doi.org/10.1111/fcsr.12381","mag":"3108420652"},"language":"en","primary_location":{"id":"doi:10.1111/fcsr.12381","doi":"https://doi.org/10.1111/fcsr.12381","is_oa":false,"landing_page_url":"https://doi.org/10.1111/fcsr.12381","pdf_url":null,"source":{"id":"https://openalex.org/S173589923","display_name":"Family and Consumer Sciences Research Journal","issn_l":"1077-727X","issn":["1077-727X","1552-3934"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Family and Consumer Sciences Research Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009372077","display_name":"Sunwoo Tessa Lee","orcid":"https://orcid.org/0000-0002-0887-5309","observed_orcids":["https://orcid.org/0000-0002-0887-5309"]},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sunwoo T. Lee","raw_affiliation_strings":["The Ohio State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Ohio State University","institution_ids":["https://openalex.org/I52357470"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101919340","display_name":"Kyoung Tae Kim","orcid":"https://orcid.org/0000-0002-0673-721X","observed_orcids":["https://orcid.org/0000-0002-0673-721X","https://orcid.org/0000-0002-5950-6685"]},"institutions":[{"id":"https://openalex.org/I17301866","display_name":"University of Alabama","ror":"https://ror.org/03xrrjk67","country_code":"US","type":"education","lineage":["https://openalex.org/I17301866"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Kyoung Tae Kim","raw_affiliation_strings":["University of Alabama"],"raw_orcid":"https://orcid.org/0000-0002-0673-721X","affiliations":[{"raw_affiliation_string":"University of Alabama","institution_ids":["https://openalex.org/I17301866"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5101919340"],"corresponding_institution_ids":["https://openalex.org/I17301866"],"apc_list":{"value":2500,"currency":"USD","value_usd":2500},"apc_paid":null,"fwci":5.5814,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.95585832,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":98},"biblio":{"volume":"49","issue":"2","first_page":"123","last_page":"143"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9907000064849854,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.9907000064849854,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.008799999952316284,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/millennials","display_name":"millennials","score":0.8270000219345093},{"id":"https://openalex.org/keywords/financial-planning","display_name":"financial planning","score":0.5600000023841858},{"id":"https://openalex.org/keywords/financial-knowledge","display_name":"financial knowledge","score":0.9819999933242798},{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.8970000147819519},{"id":"https://openalex.org/keywords/credit-card-management","display_name":"credit card management","score":0.9570000171661377},{"id":"https://openalex.org/keywords/financial-behavior","display_name":"financial behavior","score":0.6209999918937683},{"id":"https://openalex.org/keywords/subjective-financial-knowledge","display_name":"subjective financial knowledge","score":0.6679999828338623},{"id":"https://openalex.org/keywords/national-financial-capability-study","display_name":"National Financial Capability Study","score":0.7490000128746033}],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.9544883966445923},{"id":"https://openalex.org/C2983355114","wikidata":"https://www.wikidata.org/wiki/Q161380","display_name":"Credit card","level":3,"score":0.7064189314842224},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5129711031913757},{"id":"https://openalex.org/C2776505523","wikidata":"https://www.wikidata.org/wiki/Q4785468","display_name":"Plan (archaeology)","level":2,"score":0.5115247964859009},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5001869201660156},{"id":"https://openalex.org/C506796395","wikidata":"https://www.wikidata.org/wiki/Q4738155","display_name":"Financial management","level":2,"score":0.49988222122192383},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3781515955924988},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.22758951783180237},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.11182853579521179},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/fcsr.12381","doi":"https://doi.org/10.1111/fcsr.12381","is_oa":false,"landing_page_url":"https://doi.org/10.1111/fcsr.12381","pdf_url":null,"source":{"id":"https://openalex.org/S173589923","display_name":"Family and Consumer Sciences Research Journal","issn_l":"1077-727X","issn":["1077-727X","1552-3934"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Family and Consumer Sciences Research Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W150372995","https://openalex.org/W200596340","https://openalex.org/W840754096","https://openalex.org/W1195568112","https://openalex.org/W1527775916","https://openalex.org/W1574791629","https://openalex.org/W1970900868","https://openalex.org/W1973477057","https://openalex.org/W1992868030","https://openalex.org/W2003768123","https://openalex.org/W2050129674","https://openalex.org/W2052383114","https://openalex.org/W2077100609","https://openalex.org/W2093730385","https://openalex.org/W2095921435","https://openalex.org/W2120451369","https://openalex.org/W2143501937","https://openalex.org/W2151870980","https://openalex.org/W2167538071","https://openalex.org/W2168233843","https://openalex.org/W2233071885","https://openalex.org/W2515285109","https://openalex.org/W2515814002","https://openalex.org/W2592856559","https://openalex.org/W2596311083","https://openalex.org/W2888516937","https://openalex.org/W2889813007","https://openalex.org/W2895307258","https://openalex.org/W2898061500","https://openalex.org/W2954920371","https://openalex.org/W2980480925","https://openalex.org/W4386873036","https://openalex.org/W6991092805"],"related_works":["https://openalex.org/W4387702358","https://openalex.org/W184264125","https://openalex.org/W3159271738","https://openalex.org/W4390652903","https://openalex.org/W4242802628","https://openalex.org/W3129470501","https://openalex.org/W2759050349","https://openalex.org/W2898061500","https://openalex.org/W3042352043","https://openalex.org/W2592856559"],"abstract_inverted_index":{"The":[0,46],"Millennial":[1],"generation\u2019s":[2],"financial":[3,39,78,86,102],"behaviors":[4,62,94],"are":[5,98,104],"of":[6],"great":[7],"importance":[8],"because":[9],"they":[10],"will":[11],"contribute":[12],"significantly":[13],"to":[14,37,52,91,107],"the":[15,19,22,32],"labor":[16],"market":[17],"in":[18,109],"future.":[20],"Using":[21],"2015":[23],"National":[24],"Financial":[25],"Capability":[26],"Study":[27],"(NFCS)":[28],"dataset,":[29],"we":[30],"examine":[31],"relationships":[33],"between":[34,76],"Millennials\u2019":[35],"propensity":[36,51],"plan,":[38],"knowledge,":[40],"and":[41],"credit":[42,59,80],"card":[43,60,81],"management":[44,61,82,93,111],"behaviors.":[45,70,112],"findings":[47],"reveal":[48],"that":[49],"a":[50,115],"plan":[53],"was":[54,65,74,88,114],"positively":[55,89],"associated":[56,67],"with":[57,68],"appropriate":[58],"but":[63],"it":[64],"negatively":[66],"irresponsible":[69],"A":[71],"similar":[72],"relationship":[73],"found":[75,118],"objective":[77],"knowledge":[79,87,103],"behaviors,":[83],"while":[84],"subjective":[85],"related":[90],"inappropriate":[92],"instead.":[95],"Millennials":[96],"who":[97],"overconfident":[99],"about":[100],"their":[101],"more":[105],"likely":[106],"engage":[108],"costly":[110],"This":[113],"robust":[116],"result":[117],"across":[119],"various":[120],"overconfidence":[121],"measures.":[122]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2020-12-07T00:00:00"}
