Consumers’ Accuracy in Estimating their Credit Ratings

Perry, V. G. (2008), Is Ignorance Bliss? Consumer Accuracy in Judgments about Credit Ratings, The Journal of Consumer Affairs, 42(2), Summer, 189-205.

Brief Description: This study examines the accuracy of consumers’ self-assessments of their credit ratings. Findings suggest that approximately 32 percent of consumers overestimate their credit ratings while only 4 percent underestimate them. Those who overestimate their credit ratings are less knowledgeable about financial matters, are more likely to have acquired their financial knowledge from difficult past experiences, …

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 …

MFLN Personal Finance Virtual Learning Event

Graphic of 2016 Personal Finance VLE details with photo of jogger

Enhancing Financial Fitness

The Military Families Learning Network Personal Finance Virtual Learning Event (VLE) is a 3-day virtual event aimed at connecting personal finance managers and educators working with military service members with research, resources and each other. The 2016 event will focus on the research, traits and behaviors that lead to financial success. Being “financially fit” means having financial understanding and the capability to make positive financial decisions. 

2016 Events

Molly Herndon

Molly Herndon

  Molly Herndon is the Social Media Specialist for the Military Families Learning Network’s Personal Finance Concentration Area. Since 2011, she has managed her team’s social media presence and worked to create a network for Extension Educators and Military Personal Finance Managers by providing resources and information on personal finance topics through various social media outlets and the Military Families Learning Network Blog. She has also supported the efforts of her team by coordinating and promoting monthly professional …

How to Obtain Continuing Education Units for Military Families Personal Finance Webinars

The Military Families Learning Network Personal Finance team offers 1.5 continuing education units to AFC-credentialed participants for live and recorded personal finance webinars.

Procedures for obtaining CEUs via live webinars

  • AFC-credentialed participants can earn 1.5 CEUs by attending 90-minute online Personal Finance webinars that are presented online with a live speaker.
  • A link to an online evaluation is shown at the end of the webinar. Visit this link and complete the evaluation.
  • At the conclusion of the evaluation, a second

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. …

Merit-based college scholarships status and financial behaviors among college students


Goetz, J. W., Mimura, Y., Desai, M. P., & Cude, B. J. (2008). HOPE or no-HOPE: Merit-based college scholarship status and financial behaviors among college students.Financial Counseling and Planning, 19(1), 12-19.

Brief Description: This study explored differences in financial behavior between college undergraduates who retained the merit-based HOPE Scholarship and those who lost it. Students who initially had scholarships but lost them were less likely to use recommended financial practices and had higher credit card debt and student …

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.

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 …

Convenience Use of Credit Cards

Link Title: Convenience Use of Credit Cards

Rutherford, L. G. & DeVaney, S.A. (2009). Utilizing the theory of planned behavior to understand convenience use of credit cards. Journal of Financial Counseling and Planning Education, 20(2), 48-63.

Brief Description: This research investigated factors influencing the convenience use of credit cards (i.e., regularly paying the balance in full instead of paying only a portion of the balance). It was framed by the Theory of Planned Behavior, which states that behavior can …

Financial Security for All Research

Family Economics Research

Family economics research focuses on how individuals and families obtain and use resources of money, time, human capital, material resources, and community services. The research also explores the relationship between individuals and families and the larger economy and studies the impact of public issues, policies, and programs on family economic well-being.

This area provides research summaries of current research in family economics (with links to the complete article, if available).


Research Summaries Currently Available by Topic: