Social and Financial Capital Resources Can Lessen Hardships

Parks-Yancy, R., DiTomaso, N. & Post, C. (2007). The mitigating effects of social and financial capital resources on hardships. Journal of Family and Economic Issues, 28(3), 429-448.

Brief Description: Social and financial capital resources include knowing people who can help one obtain a job, offer cash or help defray expenses when layoffs or other hardships occur. These resources differ by gender and class (income/occupational status). This study found that middle class individuals had ample access to social and financial …

Food Insecurity of Low-income Families

Nnakwe Nweze. E. (March 2008). Dietary patterns and prevalence of food insecurity among low-income families participating in community food assistance programs in a Midwest town. Family and Consumer Sciences Research Journal, 36 (3), 229-242. http://fcs.sagepub.com/cgi/reprint/36/3/229.

 

Brief Description: The study investigated the dietary patterns and prevalence of food insecurity in low-income families participating in community food assistance programs. A total of 236 heads of households were selected as a convenience sample and interviewed using standard research instruments. Households with children …

Impact of Social and Financial Resources on Hardship

 

Parks-Yancy, R., DiTomaso, N. & Post, C. (2007). The mitigating effects of social and financial capital resources on hardships. Journal of Family and Economic Issues, 28(3), 429-448.

Brief Description: Social and financial capital resources include knowing people who can help one obtain a job, offer cash or help defray expenses when layoffs or other hardships occur. These resources differ by gender and class (income/occupational status). This study found that middle class individuals had ample access to social and financial …

Financial Education for Bankrupt Families

 

Thorne, D. & Porter, K. (2007) Financial education for bankrupt families: Attitudes and needs. Journal of Consumer Education 24, 15-27.

Brief Description: The study examines bankrupt families’ attitudes toward financial education courses and the expenses with which they are most likely to struggle after bankruptcy. Results reveal that a majority of respondents believed that a money or debt management course would have helped them avoid bankruptcy. However, respondents with college degrees, who were white, or who were older (especially 65 …

Behavior Change Among Savings Program Participants

Loibl, C., Grinstein-Weiss, M., Zhan, M. & Red Bird, B. (2010). More than a penny saved: Long-term changes in behavior among savings program participants. Journal of Consumer Affairs, 44, (1): 98-126. http://dx.doi.org/10.1111/j.1745-6606.2010.01159.x.

Brief Description: The study explored the long-term effectiveness of low-income individuals’ participation in a federally funded matched savings program. To collect data, a survey was mailed to former program participants in Ohio, and compared with the responses of a general low-income population sample. The results document that …

Financial Risk-taking Behavior

 

Grable, J. E., Britt, S. L. & Webb, F. J. (2008). Environmental and biopsychosocial profiling as a means for describing financial risk taking behavior. Financial Counseling and Planning, 19 (2), 3-18.

Brief Description: The study applied an intervention model of risky adolescent behavior to risky financial behaviors of adult money managers. The researchers explored the role of one’s level of affluence (referred to as the environmental profile) and his/her self-esteem and age (called the biopsychosocial profile) in financial risk-taking behavior. …

Housing Costs and Economic Hardship for Low-Income Families

 

Mimura, Y. (2008). Housing cost burden, poverty status, and economic hardship among low-income families. Journal of Family and Economic Issues, 29(1), 152-165.

Brief Description: Poverty status better explains the economic hardship of low-income families than does the housing cost burden. However, poverty status explains the economic hardship of White and Black low-income families with children differently. It appears that poverty status can explain variation in hardship among White families better than among Black families. This presents further economic disadvantage …

Consumer Debt Repayment and Bankruptcy

 

Moorman, D. & Garasky, S. (2008) Consumer debt repayment behavior as a precursor to bankruptcy. Journal of Family and Economic Issues, 29(2), 219-233.

Brief Description: This study explores the extent to which households seek bankruptcy protection without first attempting to restructure their debt or experiencing financial distress. As was expected, results indicate that a significant relationship exists between having prior financial problems and filing for bankruptcy. Households that obtained consolidation loans were equally likely to file for bankruptcy as …

Completing Debt Management Plans

 

Xiao, J. J. & Wu, J.( 2008). Completing debt management plans in credit counseling: An application of the theory of planned behavior. Journal of Financial Counseling and Planning, 19 (2), 29-45.

Brief Description: Debt management plans offered by credit counseling agencies have the potential to benefit the consumers, the creditors, and the agencies involved. Although debtors are screened by the agencies for their likelihood of being successful, not all of the participants in debt management are able to complete the …

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 …