Decrease in Stock Ownership by Minority Households

 

Hanna, S. D. & Lindamood, S.( 2008). The decrease in stock ownership by minority households. Journal of Financial Counseling and Planning, 19(2), 29-45.

Brief Description: Researchers have found that White households are more likely to own stocks that minority households. Although stock ownership rates increased for minority households from 1992 to 2001, they declined significantly between 2001 and 2004.

Implications: Credit counseling agencies should monitor the clients’ intentions of completing their debt management plans and incorporate educational components that …

Effects of Capital Accumulation Ratio on Wealth

 

Harness, N.J., Finke, M.S., & Chatterjee, S. (2009). The effects of the capital accumulation ratio on wealth. Journal of Financial Counseling and Planning Education, 20(1), 44-57.

Brief Description: The capital accumulation ratio (CAR) is a measure of household portfolio quality used by financial practitioners and in academic research. It measures investment assets divided by net worth. This study tested whether a higher CAR impacted household wealth over a specific decade (1994 to 2004) among respondents in the accumulation stage …

Racial/Ethnic Differences in High Return Investment Ownership

 

Hanna, S. D., Wang, C. & Yuh, Y. (2010). Racial/ethnic differences in high return investment ownership: A decomposition analysis. Journal of Financial Counseling and Planning Education, 21 (2), pp. 44-59.

Brief Description:  Research on ownership of high risk/high return assets shows that Black and Hispanic households are much less likely to own them than are White households, even after education is taken into account. This study uses a decomposition strategy to examine how minority households would invest if they had …

Assertiveness and Investment Risk of Married Couples

 

Gilliam, J., Dass, M., Durband, D. B. & Hampton, V. (2010). The role of assertiveness in portfolio risk and financial risk tolerance among married couples. Journal of Financial Counseling and Planning 21 (1), pp. 53-67.

Brief Description:  Couples who were clients of financial planners were surveyed regarding their assertiveness, risk tolerance and investment portfolios. No relationship was found between assertiveness and risk tolerance or portfolio risk level. There was a positive relationship between wife’s proportion of asset holding (higher relative …

Educating Widows in Personal Financial Planning

 

Korb, B. R. (2010). Financial planners: Educating widows in personal financial planning. Journal of Financial Counseling and Planning 21 (2), pp. 3-15.

Brief Description:  Financial planners and their widowed clients were interviewed. Research revealed that widows vary by age in terms of their knowledge level and risk tolerance as well as their needs for financial advice and education, with the younger widows were less risk adverse and more financially literate but in need of financial guidance for a longer time …

Factors related to being in higher income categories

 

DeVaney, S. A., & Anong, S. T. (2007). Income quintiles: Examining changes in the characteristics of respondents. Financial Counseling and Planning, 18(2), 19-34.

Brief Description: This study identified characteristics of Survey of Consumer Finances (SCF) respondents in different income distribution quintiles in 1998, 2001, and 2004. Characteristics associated with being in the upper and upper-middle income quintiles included age, education, homeownership, luxury vehicle ownership, and regular savings. Variables that were not significant included gender and family type and attitude …

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. …

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 …

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 …

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 …