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Table 5 Multiple linear regressions on the score in ‘Banking’

From: Relations between young adults’ knowledge and understanding, experiences, and information behavior in personal finance matters

Variable M1 M2
Coefficient B Standard error Coefficient B Standard error
Constant 10.475*** .345 15.335*** .685
Informed about Riester retirement plan .744* .366 .183 .352
Informed about building loan agreement .777** .266 .513* .249
Informed about stocks .507 .329 − .106 .317
Informed about equity funds 2.017*** .407 1.479*** .383
Informed about money market account .665* .297 .438 .279
Informed about fixed deposit account .843** .309 .594* .290
Owns no bank account − 2.061*** .595 − 1.630** .559
Bank account with overdraft 1.170*** .346 1.118*** .326
Bank account without overdraft .584 .316 .540 .289
No plausible answer to overdraft question .759 1.060 .438 .950
Owns no credit card .182 .227 .077 .215
Disposable Income (Upper half of the highest income) .631* .271 .335 .251
Rent self-financed − .399 .383 − .496 .360
Rent family-financed − .499 .288 − .561* .271
Rent government-financed − 1.996*** .583 − 1.488** .549
Gender (male)    1.544*** .223
High school GPA    − .918*** .186
Vocational training (none)    − 2.394*** .358
Parents’ origin (not German)    − 1.819*** .232
R2 .180   .293  
Corrected R2 .169   .280  
  1. N = 1108; * p < 0.05; ** p < 0.01; *** p < 0.001