Growth

Rich and Co.

“Financial literacy is conceptualized as having specific knowledge of financial topics needed for optimal outcomes”

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“…(and) the coordination of two subprocesses: (1) the retaining and access to prior learned contextual knowledge (in this case financially related knowledge), and (2) the utilization and manipulation of that knowledge to provide the best answer to the questions posed.”

Our results show that functional connectivity…is associated with greater financial literacy after adjusting for age, education, sex, and global cognition. Functional connectivity between…three functional connectivity relationships were independently associated with financial literacy, though the PCC–vmPFC relationship accounted for most of the association in a model adjusted for all four significant functional connectivity relationships, demographic factors, and global cognition.

Financial literacy has been associated with multiple beneficial health and well-being outcomes, including better cognition, cognitive and physical activity, and ability to complete activities of daily living…financial literacy is associated with beneficial outcomes in old age…

Financial literacy is conceptualized as having specific knowledge of financial topics needed for optimal outcomes…(and) the coordination of two subprocesses: (1) the retaining and access to prior learned contextual knowledge (in this case financially related knowledge), and (2) the utilization and manipulation of that knowledge to provide the best answer to the questions posed.

basal ganglia-mediated procedural knowledge may give way to higher level explicit or declarative knowledge as financial literacy develops. Thus, as someone becomes explicitly knowledgeable in financial literacy matters, it is possible that less demand will be made on implicit processing networks, although both implicit and explicit processes are likely still involved in some capacity.

neural correlates with financial literacy exist that are beyond the effects of global cognitive functioning…financial literacy and cognitive functioning may be at least partially distinguishable constructs that may have some different neuroanatomical correlates. This may be particularly encouraging in that those who may be low in cognitive functioning may be able to show greater aptitude in financial literacy, and financial literacy may be amenable to alternate forms of intervention.

Applied knowledge areas that require the coordination of multiple neural subsystems may be more sensitive to neural disease progression than other more specific disease considerations since they require efficient and intact processing of all components of the systems involved. Brain processing associated with the application of multiple knowledge areas may be broader in scope, and therefore any disturbance in the subcomponents of a system might manifest in a deterioration of functional connectivity between anterior–posterior medial brain regions since access and utilization of information might be coordinated between these network hubs.

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Written by Rich and Co.

May 20, 2016 at 3:27 pm

Posted in Uncategorized

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