The Interplay between Economic Healthiness, Consumer Confidence, and General Trust in Financial Institutions

Publikation: Bidrag til tidsskriftTidsskriftartikelForskning

Abstrakt

Consumer confidence (CC) is of particular interest to economic policy makers and societies at large since CC is often regarded as an indicator of near-term economic growth. While individuals’ economic healthiness (EH) is known as an important predictor of CC, this study adds to previous research by (a) suggesting that this relationship may differ across levels of individuals’ general trust in financial institutions (GTF) and (b) integrating EH, CC, socioeconomic variables, and economic knowledge in one study to grasp their potential complex relationships. Based on a survey of 3,185 individuals, we found that GTF has a positive direct influence on CC and that GTF negatively moderates the relationship between EH and CC. Among other results, we also found that both economic knowledge and educational level negatively moderates the relationship between GTF and CC. The study results may be of high interest for policymakers, financial managers, academics and others seeking further insights into consumer confidence (CC).
OriginalsprogEngelsk
TidsskriftNyhedsbrevet om Forbrugeradfærd
Udgave nummer32
Sider (fra-til)8-18
Antal sider11
ISSN2246-2562
StatusUdgivet - 2019

Emneord

  • Consumer confidence
  • Economic healthiness
  • General trust
  • Financial institutions

Citationsformater