The Moderating Effects of Consumer Fintech Use, Financial Knowledge Confidence, and Financial Self-Efficacy on the Relationship Between Financial Literacy and Millennial Saving Behavior

This dissertation explores the moderating effects of consumer fintech use, financial knowledge confidence, and financial-self efficacy on the relationship between financial literacy and the saving behavior of Millennials. The current financial literacy research acknowledges that these variables may impact this relationship, however, little research has been conducted addressing the impacts of these three factors collectively. Using a publicly available data set of 6,624 Millennial respondents, I hypothesized that these factors have a positive moderating effect; that is to say that when present and at higher levels, they increase the strength and direction of the relationship. The data show that only financial self-efficacy positively moderates the relationship while consumer fintech use is related to a negative relationship and financial knowledge confidence has no impact on the relationship.