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Table 6 Binary logistic regression on item 30 and item 32 of the TFL-G

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

Variable Item 30 Item 32
Coefficient B Standard error Exp (B) Coefficient B Standard error Exp (B)
Disposable Income (upper half of the highest income) .102 − 159 1.108 − .011 .182 .989
Informed about stocks .063 .207 1.065 .385 .246 1.469
Informed about equity funds .545* .253 1.725 .782* .345 2.186
Owns no bank account − .390 .386 .677 − .252 .413 .778
Bank account with overdraft .220 .208 1.246 .412 .243 1.510
Bank account without overdraft .014 .183 1.014 .090 .204 1.095
No plausible answer about overdraft .400 .763 1.492 − 415 .755 1.514
Owns no credit card .023 .142 1.023 .235 .162 1.265
Rent self-financed .052 .214 1.053 .202 .256 1.224
Rent family-financed − .150 .177 .861 − .132 .197 .877
Rent government-financed − .016 .363 .984 .170 .427 1.186
Gender (male) .047 .147 1.048 .057 .168 1.059
High School GPA − .632*** .128 .532 − .516*** .143 .597
Vocational training (none) − .628** .236 .534 − .312 .269 .732
Parents’ origin (not German) − .422** .151 .656 − .361* .171 .697
Constant 2.523*** .459 12.463 2.308*** .513 10.050
Pseudo R2 (Cox and Snell) .064 .054
Pseudo R2 (Nagelkerke) .088 .080
  1. N = 1108; * p < 0.05; ** p < 0.01; *** p < 0.001