MODERATING EFFECT OF AGE IN THE RELATIONSHIP BETWEEN DEBT LITERACY AND INDEBTEDNESS OF FORMAL SECTOR EMPLOYEES IN KENYA.

Kariuki Ph.D, Morris Irungu; Mwangi Ph.D, John Muturi; Muturi, Peter Githae Ph.D

dc.contributor.author	Kariuki Ph.D, Morris Irungu
dc.contributor.author	Mwangi Ph.D, John Muturi
dc.contributor.author	Muturi, Peter Githae Ph.D
dc.date.accessioned	2025-05-19T09:32:50Z
dc.date.available	2025-05-19T09:32:50Z
dc.date.issued	2022-07-07
dc.identifier.issn	2250-3153
dc.identifier.uri	http://localhost:8282/xmlui/handle/123456789/481
dc.description.abstract	This study examined the moderating effect of age in the relationship between debt literacy and indebtedness of formal sector employees in Kenya. The study showed that age has an effect on the amount of debt held by individuals. Research also found level of debt literacy particularly low among youth and elderly. The study using hierarchical moderated multiple regression (MMR) models found that the coefficients for interaction term for debt literacy and age of employees had significant moderating effect. Further, the study revealed the moderating effect of age was positive and significant for Debt Service Ratio (DSR) on one hand and negative and significant for Debt Income Ratio (DIR) on the other.The young and the elderly were found debt illiterate. The government and other institutions should roll out financial education programs	en_US
dc.language.iso	en	en_US
dc.publisher	International Journal of Scientific and Research Publications	en_US
dc.relation.ispartofseries	Vol. 12;No. 7
dc.subject	Debt literacy	en_US
dc.subject	Indebtedness	en_US
dc.subject	Debt Service Ratio	en_US
dc.subject	Debt Income Ratio	en_US
dc.title	MODERATING EFFECT OF AGE IN THE RELATIONSHIP BETWEEN DEBT LITERACY AND INDEBTEDNESS OF FORMAL SECTOR EMPLOYEES IN KENYA.	en_US
dc.type	Article	en_US