Next Article in Journal
Investigation on Cycling and Calendar Aging Processes of 3.4 Ah Lithium-Sulfur Pouch Cells
Previous Article in Journal
Assessment of Technological Developments in Data Analytics for Sensor-Based and Robot Sorting Plants Based on Maturity Levels to Improve Austrian Waste Sorting Plants
Article

Financial Literacy and Exercise Behavior in the United States

School of Economics, Hiroshima University, 1-2-1 Kagamiyama, Higashihiroshima 739-8525, Japan
*
Author to whom correspondence should be addressed.
Academic Editor: Gianpiero Greco
Sustainability 2021, 13(16), 9452; https://doi.org/10.3390/su13169452
Received: 6 July 2021 / Revised: 17 August 2021 / Accepted: 19 August 2021 / Published: 23 August 2021
Lack of exercise is an important public health issue in the United States due to its link to obesity and other health risk factors. Despite several policy interventions, many Americans do not exercise sufficiently. Given recent findings that financial literacy helps to improve people’s rational decision-making ability and encourages people to exercise in Japan, we conduct a similar study for the United States, which has also been experiencing lack of exercise but has a different cultural setting. Culture has important influences on decision making and exercise behavior. This study investigates whether financial literacy is associated with exercise behavior in the United States. We used Osaka University’s 2010 Preference Parameters Study dataset and performed a probit regression analysis to test our hypothesis that financially literate people are likely to exercise more. In support of our hypothesis, we find that Americans with better financial literacy are more likely to exercise at least once a week. Additionally, financial education has a similar association with exercise behavior. Our results suggest that authorities could consider using financial literacy as an alternative policy intervention to promote regular exercise among the American population. View Full-Text
Keywords: exercise; financial literacy; rationality; culture; United States exercise; financial literacy; rationality; culture; United States
MDPI and ACS Style

Yuktadatta, P.; Khan, M.S.R.; Kadoya, Y. Financial Literacy and Exercise Behavior in the United States. Sustainability 2021, 13, 9452. https://doi.org/10.3390/su13169452

AMA Style

Yuktadatta P, Khan MSR, Kadoya Y. Financial Literacy and Exercise Behavior in the United States. Sustainability. 2021; 13(16):9452. https://doi.org/10.3390/su13169452

Chicago/Turabian Style

Yuktadatta, Pattaphol, Mostafa S.R. Khan, and Yoshihiko Kadoya. 2021. "Financial Literacy and Exercise Behavior in the United States" Sustainability 13, no. 16: 9452. https://doi.org/10.3390/su13169452

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop