Self-efficacy of Personal Finance Professionals in Later Life Financial Well-Being: Evidence From a Virtual Professional Development Seminar

Abstract

Financial health falls under the purview of family and consumer sciences (FCS) educators and financial counselors. It is important for these professionals to understand the complexities of later life financial concerns in order to help prepare individuals at all stages of life for financial health in their senior years. We examined financial professionals' perceived mastery of later life finances by role and gender. We analyzed the effectiveness of a virtual professional development program in improving participants' perceived financial knowledge using retrospective pretest–posttest survey responses (n = 112). Results suggest that content focused, virtual professional development offerings may be an effective medium to enhance financial professional self-efficacy.