TY  - JOUR
AV  - restricted
A1  - Murendo, C
A1  - Mutsonziwa, K
TI  - Financial literacy and savings decisions by adult financial consumers in Zimbabwe
UR  - http://dx.doi.org/10.1111/ijcs.12318
JF  - International Journal of Consumer Studies
SN  - 1470-6423
PB  - Blackwell Publishing
N1  - The authors acknowledge FinMark Trust for providing access
to the Zimbabwe 2014 FinScope Consumer Survey data set
used for this article. The authors take responsibility for all
remaining errors.
N2  - We use survey data from a sample of 4000 adult financial consumers in Zimbabwe to analyse the determinants of financial literacy and its effect on individual's savings decisions. Results show that women have lower financial literacy than men. Furthermore, individuals' residing in rural areas exhibit lower financial literacy compared with urban financial consumers. Financial literacy and financial services interventions targeting women and rural individuals should be strengthened. Econometric results show that financial literacy positively influences savings behaviour for both rural and urban individuals. Furthermore, financial literacy positively influences informal and formal savings. Policy interventions that foster financial literacy are needed to improve individuals saving behaviours.
KW  - Financial literacy
KW  -  Savings decisions
KW  -  Financial consumers
KW  -  Personal finance
KW  -  Savings
KW  -  Zimbabwe
KW  -  Savings behaviour
Y1  - 2017/01//
SP  - 95
ID  - icrisat9932
EP  - 103
VL  - 41
IS  - 1
ER  -