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- Publisher
- SAGE
- Copyright
- © The Author(s) 2023
- ISSN
- 0312-8962
- eISSN
- 1327-2020
- DOI
- 10.1177/03128962231157005
- Publisher site
- See Article on Publisher Site
Abstract
Despite its increasing importance, digital financial literacy (DFL) is yet to be adequately understood. This article reports on one aspect of DFL, namely, digital asset planning literacy (DAPL) which is an individual’s awareness of what happens to their digital assets on their death or incapacity. Our results from Australia and Singapore suggest that single, less-educated women are less likely to possess DAPL, and that the number of digital assets is negatively associated with DAPL, while having a Will is positively related to DAPL. With this study, we put forward that financial education should include consumer rights regarding digital financial assets.JEL Classification: D14; G53; G50; J12; J16
Journal
Australian Journal of Management – SAGE
Published: Jan 1, 2023
Keywords: Digital assets; estate planning; financial literacy