research Archives - Financial Security for All

May 30, 2019May 13, 2020

What are Student Loan Borrowers Thinking? Insights from Focus Groups on College Selection and Student Loan Decision Making

Johnson, C. L., O’Neill, B., Worthy, S., Lown, J. M., Bowen, C. F. (2016). What are student loan borrowers thinking? Insights from focus groups on college selection and student loan decision making. Journal of Financial Counseling and Planning, 27(2), 184-198.

Brief Description: This study used data from online focus groups to understand college students’ decision-making process when borrowing money to finance their education. Respondents were asked eight questions regarding their college selection and student loan decision-making. Results suggest that (a) …

May 30, 2019May 13, 2020

Risk tolerance and investments of business owners

Wong, C. & Hanna, S.D. (2007). The risk tolerance and stock ownership of business owning households. Financial Counseling and Planning, 18(2), 3-18.

Brief Description: This study examined the risk tolerance and stock ownership of three types of households: non-business owners, those that own and manage a business, and those that own but do not manage a business. Non-manager business owners were more likely than others to take risks and hold stocks, and manager owners were significantly less likely to …

May 30, 2019May 13, 2020

Couples’ money management behavior and relationship satisfaction

Britt, S., Grable, J.E., Nelson, B.S., & White, M. (2008). The influence of perceived spending behaviors on relationship satisfaction. Financial Counseling and Planning, 19(1), 31-43.

Brief Description: This study explored relationships between couples’ personal and joint spending habits and relationship satisfaction. Results indicated that partner spending behaviors, but not one’s own or joint spending behaviors, influence relationship satisfaction. Other factors associated with relationship satisfaction were high self-esteem (positive relationship) and financial stressors such as medical bills (negative relationship).

Implications:…

May 30, 2019May 13, 2020

Changes in Debt and Change in Marital Satisfaction

Dew, J. (2007). The relationship between debt change and marital satisfaction change in recently married couples. Family Relations, 57 (1), 60-71.

Brief Description: Recently married couples report debt as one of their top concerns. This study assesses how changes in consumer debt (e.g., credit card debt) relate to changes in marital satisfaction. Consumer debt assumption is associated with recently married couples’ cutting back on spending time together and arguing about money more frequently. These changes predict declines in marital satisfaction. …

May 30, 2019May 13, 2020

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 …

May 30, 2019May 13, 2020

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 …

May 30, 2019May 13, 2020

Encouraging Savings by Low-Income Individuals

Fry, T., Mihajilo, S., Russell, R. & Brooks, R. (2008). The factors influencing saving in a matched savings program: goals, knowledge of payment instruments and other behavior. Journal of Family and Economic Issues, 29(2), 234-250.

Brief Description: This study investigates the factors that influence the saving behavior of low-income participants in a matched savings program. The factors found to play a positive role in encouraging saving were goal-setting and the financial literacy education component offered in the program. The …

May 30, 2019May 13, 2020

A Framework for Promoting Retirement Savings

Wiener, J. & Doescher, T. (2008). A Framework for Promoting Retirement Savings, The Journal of Consumer Affairs, 42 (2), 137-164.

Brief description: This paper identifies the constructs that influence an individual’s intention to save for retirement. It discusses how and when these factors can be changed by an agent trying to induce an individual to enroll in a retirement plan, increase his or her contribution to a plan, or purchase a particular retirement product. A broad array of psychological theories …

May 30, 2019May 13, 2020

Impact of Health on Financial Security of Older Americans

Kim, H. & Lyons, A. C. (2008). No Pain, No Strain: Impact of Health on the Financial Security of Older Americans. The Journal of Consumer Affairs; Spring 2008, 42(1), 9-36.

Brief Description: This study investigated the impact that new and existing health problems have on the financial strain of older Americans. Health problems significantly increased the likelihood of financial strain for older individuals, but the effects varied by the measure of financial strain used and how health status is …

May 30, 2019May 13, 2020

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.