Table 4

Discriminant validity statistics

Financial attitudeFamily financial socializationFinancial self-efficacyFinancial well-being
Financial attitude0.796   
Family financial socialization0.4220.721  
Financial self-efficacy0.3960.1820.797 
Financial well-being0.5080.4260.7830.813

Note(s): The italic diagonal values indicate the square root of the Average Variance Extracted (AVE) for each construct. The off-diagonal values shows correlation between the constructs

Source(s): Data analysis by researcher

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