Tag: financial planning process research

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How Financial Assets and Consumer Debt Influence Marital Conflict

 

Dew, J. (2007) Two sides of the same coin? The differing roles of assets and consumer debt in marriage. Journal of Family and Economic Issues, 28(1), 89-104.

Brief Description: This study assessed how financial assets (e.g., savings, investments, etc.) and consumer debt (e.g., credit card debt) influence the frequency of marital conflict. Assets indirectly decrease marital conflict by decreasing feelings of financial pressure. Although consumer debt adds to feelings of financial pressure, it also directly relates to increased frequency …

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Credit Card Ownership by High School Seniors

Scott, R. H., Jr. (2010). Credit Card Ownership Among American High School Seniors: 1997-2008. Journal of Family and Economic Issues, 31, 151-160.

Brief Description: High school is when many students get their first credit cards. Jump$tart for Financial Literacy has tested the personal financial knowledge of high school students from across the U.S. since 1997. Using data from the Jump$tart surveys, this study compared the characteristics of various groups of high school students with and without credit cards. Students with …

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Measuring Financial Risk Tolerance

Gilliam, J. Chatterjee, S. & Grable, J. (2010). Measuring the perception of financial risk tolerance: A tale of two measures. Journal of Financial Counseling and Planning, 21 (2), pp. 30-43.

Brief Description:  Estimating a person’s risk tolerance is important for guiding him or her into a satisfactory investment portfolio. The Survey of Consumer Finance (SCF) simple measure for assessing risk tolerance was compared to a 13-item scale (GL-RTS) in assessing risky and non-risky asset holdings by university faculty and staff. …

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Assessing Financial Wellness

Nielsen, R. B. (2010). Assessing financial wellness via computer-assisted telephone interviews. Journal of Financial Counseling and Planning 21(2), pp. 16-29.

http://6aa7f5c4a9901a3e1a1682793cd11f5a6b732d29.gripelements.com/pdf/vol_21_issue_2_robertnielsen.pdf

Brief Description:   Researchers tested a modified version of The Personal Finance Wellness ScaleTM for use in computer assisted telephone interviews (CATI).  Married adults were surveyed, and results indicated it is robust with respect to a single measure of financial wellness as well as dividing the concept into subjective and objective components. Because of the low level of …

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Gender Differences in Personal Saving Behaviors

Fisher, P. J. (2010). Gender differences in personal saving behaviors. Journal of Financial Counseling and Planning Education, 21′(1), pp. 14-24.

http://6aa7f5c4a9901a3e1a1682793cd11f5a6b732d29.gripelements.com/pdf/volume_21_issue_1/pattiejfisher.pdf

Brief Description:  Gender differences in personal saving behaviors among single person households were investigated using data from the 2007 Survey of Consumer Finances (SCF). Using logistic regression analysis, the researcher found that women were less likely to save in the short term if they were in poor health, but health made no difference for males. Women with low risk …

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Impact of Financial Literacy Education

Mandell, L. & Klein, L.S. (2009). The impact of financial literacy education on subsequent financial behavior. Journal of Financial Counseling and Planning Education, 20(1), 15-24. http://6aa7f5c4a9901a3e1a1682793cd11f5a6b732d29.gripelements.com/pdf/lewis_mandell_linda_schmid_klein.pdf

Brief Description: This study examined the impact of a personal finance course on a sample of high school graduates who were followed for five years after graduation. Students who took the course were compared to those who had not and were not found to be any more financially literate. In addition, students who …

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Financial Planning Personality Type

Lown, J. M. (2007). Measuring Financial Planning Personality Type Based on the Stages of Change. Journal of Consumer Education, 24,28-39.

Brief description: The two-question Financial Planning Personality Type (FPPT) assessment provides a simple and practical tool to evaluate an individual’s financial planning type as well as their stage of change in Transtheoretical Model (TTM). The questions ask about a person’s financial attitudes and financial planning attitudes. It is easy to administer and score. Derived from the Retirement Personality Profiler …

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