Figure 1
The flowchart starts with two ovals arranged vertically on the left and labeled from top to bottom as follows: “Economic Hardship” and “Risk Tolerance”. Rightward arrows labeled “H 1” and “H 2” from these ovals lead to a first text box labeled “Financial Capability”. A rectangle below labeled “Components of Financial Literacy” consists of the second, third, and fourth text boxes labeled “Financial Knowledge”, “Financial Attitude”, and “Financial Behaviour”. Upward arrows labeled “H 1 a” and “H 1 b” from “Financial Knowledge” lead to “H 1” and “H 2”, respectively. Upward arrows labeled “H 2 a” and “H 2 b” from “Financial Attitude” lead to “H 1” and “H 2”, respectively. Upward arrows labeled “H 3 a” and “H 3 b” from “Financial Behavior” lead to “H 1” and “H 2”, respectively.Conceptual model