Tag: research summaries

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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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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 …

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Saving for Children’s College Education

Yilmazer, T. (2008). Saving for children’s college education: an empirical analysis of the trade-off between the quality and quantity of children. Journal of Family and Economic Issues, 29(2), 307-324.

Brief Description: This paper examines the effect of children’s college expenses on household savings. Using the actual amount of parents’ financial support, the model estimates the expected expenditures on children’s college education and investigates the effect of expected expenditures on parents’ savings. The results show that households save in advance …

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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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