Financial Competence Assessment Inventory

The FCAI was standardized on a sample of more than 270 people. The FCAI normative sample is representative of both males and females, aged between 20-82 years and people who have an acquired brain injury, schizophrenia, dementia, and intellectual disability. Standard scores are provided.

The FCAI demonstrated sound psychometric properties when used with people with different kinds of cognitive impairments (i.e., acquired brain injury, schizophrenia, dementia, intellectual disability), and people without cognitive impairment.

The 6 dimensions of the FCAI have been found to have good reliability and validity when assessing people with different types of cognitive impairment. Internal consistency, test-retest, and interscorer reliability coefficients approximate .80 for most groups, and many are in the .90s.

The validity of the FCAI was investigated and is described in the manual. The FCAI is by far the most comprehensive, reliable, and valid norm-referenced assessment of financial competence available in Australia.

The FCAI demonstrated sound psychometric properties when used with young people and with older adults.

FCAI scores can be used to determine the specific nature of financial difficulties experienced by people without cognitive impairment and by people with different types of cognitive impairment.