Effects of Information on Consumers’ Perceptions of Mutual Funds


Kozup, John C., Elizabeth Howlett and Michael Pagano (2008), The Effects of Summary Information on Consumer Perceptions of Mutual Fund Characteristics, Journal Consumer Affairs, 42(1), 37-59.

Brief Description: Choosing how to best invest for retirement is one of the most important decisions a consumer can make. Unfortunately, this can be an especially challenging task given the current financial information disclosure environment. The objective of this research was to explore whether a single page supplemental information disclosure impacts investors’ fund …

Teacher Training in Personal Finance and Student’s Test Scores


Swinton, J., De Berry, T, Scafidi, B., & Woodard, H. (2007). The Impact of Financial Education Workshops for Teachers on Students’ Economic Achievement, The Journal of Consumer Education, 24, 63-77.


Brief Description: Many states emphasize personal finance as an essential skill for graduating seniors. Unfortunately, many high school teachers are inadequately trained in personal finance. The National Council on Economic Education (NCEE) has developed an extensive curriculum, and its state affiliates offer workshops to help teachers deliver its personal …

Parental Influence and Teens’ Attitude toward Online Privacy Protection


Youn, S. (2008, Fall). Parental Influence and Teens’ Attitude toward Online Privacy Protection. Journal of Consumer Affairs, 42(3), 362-388.

Brief Description: This study investigated how parental influence affects teens’ attitude toward online privacy protection. Teens living in a family that values concept-oriented family communication tended to engage in discussion mediation, which increased their level of privacy concern. In contrast, teens living in environments with high socio-oriented communication tended to have more family rules and surf the Internet with parents. …

Financial Information and its Relationships to Knowledge and Behavior of Teens


Koonce, J. C., Mimura, Y., Mauldin, T. A., Rupured, M., & Jordan, J. (2008) Financial information: Is it related to savings and investing knowledge and financial behavior of teens? Financial Counseling and Planning, 19(2), 19-28.

Brief Description: This study investigates the association between sources of financial information and the saving/investing knowledge and the financial behavior of teens. Getting more financial information from parents was linked to setting financial goals and saving all or part of teens’ earnings. attitudes towards …

Valuing the implementation of financial literacy education


Davis, K. & Durband, D.B. (2008). Valuing the implementation of financial literacy education. Financial Counseling and Planning, 19(1), 20-30.

Brief Description: This study surveyed 279 Texas Parent-Teacher Association (PTA) members to determine at what monetary level individuals will support financial literacy education. Respondents reported a willingness to pay additional property taxes to fund financial education. Gambling proceeds and state sales tax were other acceptable revenue sources. The least preferred funding method for financial education was state income tax.


Money aspirations about living well: Middle school student perceptions


Beutler, I., Beutler, L, & McCoy, J.K. (2008). Money aspirations about living well: Middle school student perceptions. Financial Counseling and Planning, 19(1), 44-60.

Brief Description: This study explored the aspirations of 187 middle school students, specifically their perceptions of “living well,” to better understand the financial values adopted by adolescents. Extrinsic goal orientations, focused on achieving external rewards such as praise from others, were highly status laden, linking expensive and exclusive possessions with self-image and identity. Social status was …

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 …

Consumer Preferences for Car Loan Features


Wonder, N., Wilhelm, W., & Fewings, D. (2008). The financial rationality of consumer loan choices: revealed preferences concerning interest rates, down payments, contract length, and rebates. The Journal of Consumer Affairs, 42(2), 243-270.

Brief Description: This work studied consumer preferences for car loan features. The results revealed preferences that conflicted with traditional financial rationality. For example, participants avoided choosing long term (six- or seven-year) loans even when the interest rate was zero. In addition, the consumers, particularly those with …

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 …

Teens’ financial knowledge and behavior


Danes, S. M., & Haberman, H.R. (2007). Teen financial knowledge, self-efficacy, and behavior: A gendered view. Financial Counseling and Planning, 18(2), 48-60.


Brief Description: This study explored gender differences in financial knowledge and behavior among high school students after studying a financial planning curriculum. Females believed that managing money affected their future more than males, but males felt more confident making money decisions. Males reinforced existing knowledge while females learned significantly more about finances in areas where they …