Table 3 FWB model – behavior factors...

Table 3

FWB model – behavior factors

Sub-components	Variables (see Kempson, 2017)	Retired athletes	Ireland*	Australia*	New Zealand*
Planning and budgeting	Five variables related to budget planning	76	59	60	60
Spending restraint	Two variables related to ability to control spending	83	67	74	74
Not borrowing for day-to-day expenses	Three variables related to daily practice using credit	92	86	83	82
Monitoring finances	Four variables related to practices related to monitoring personal finances	73	66	73	78
Active saving	Four variables related to saving practices	77	68	63	60
Informed product choice	Three variables related to making informed choices of which financial products to use	80	52	57	55
Informed decision-making	Five variables related to financial decision-making based on research and expert support	74	70	66	66
Overall Behavior Score (weighted average)		79	67	68	68

Sub-components	Variables (see Kempson, 2017)	Retired athletes	Ireland*	Australia*	New Zealand*
Planning and budgeting	Five variables related to budget planning	76	59	60	60
Spending restraint	Two variables related to ability to control spending	83	67	74	74
Not borrowing for day-to-day expenses	Three variables related to daily practice using credit	92	86	83	82
Monitoring finances	Four variables related to practices related to monitoring personal finances	73	66	73	78
Active saving	Four variables related to saving practices	77	68	63	60
Informed product choice	Three variables related to making informed choices of which financial products to use	80	52	57	55
Informed decision-making	Five variables related to financial decision-making based on research and expert support	74	70	66	66
Overall Behavior Score(weighted average)		79	67	68	68

Note(s): *Weighted PCA Scores; Ireland (Kempson and Poppe, 2018) and Australia and New Zealand (ANZ Banking Group Ltd, 2018). Used for comparison purposes. **Weighted PCA Score from available data

Source(s): Created by the authors

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