Assessing Farm Households’ Investment Education Needs

 

O’Neill, B., Porter, N. M., Pankow, D., Schuchardt, J. & Johnson, J. (2010). Online investment education: Listening to learners to develop an effective financial literacy program for farm households. Journal of Financial Counseling and Planning Education, 21 (1), pp. 25-42.

Brief Description:  Quantitative and qualitative data were collected from farm households to better understand their investment attitudes, practices, and learning preferences in order to adapt an online investment course for their needs. Researchers found that farmers are a distinct audience …

Automated Saving and Investing Strategies

 

O’Neill, B. (2007) Overcoming Inertia: Do Automated Saving and Investing Strategies Work? Journal of Family and Economic Issues 28(2), 321-335. http://www.springerlink.com/content/wt1653190x010357/

Brief Description: Various automated strategies have been implemented by employers with the objective of increasing retirement plan participation. Automatic strategies work by proactively arranging some type of action (e.g., plan enrollment) to occur unless people specifically opt out. This article examines and synthesizes previous empirical research about five automatic savings and investing strategies: (a) automatic retirement savings plan …

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 …

Women’s investment decision-making

 

Loibl, C., Lee, J., Mentel-Gaeta, E., Fox. J. (2007). Women’s high-consequence decision making: A nonstatic and complex choice process. Financial Counseling and Planning, 18(2), 35-47.

Brief Description: Using qualitative data from a focus group of female investors, this study examined choice processes used when making mutual fund decisions in employer retirement plans. It found that investment decision-making is a compromise between the goals of increased accuracy and a desire to limit cognitive effort. Observations included a lack of investment information …

Consumer Debt Repayment and Bankruptcy

 

Moorman, D. & Garasky, S. (2008) Consumer debt repayment behavior as a precursor to bankruptcy. Journal of Family and Economic Issues, 29(2), 219-233.

Brief Description: This study explores the extent to which households seek bankruptcy protection without first attempting to restructure their debt or experiencing financial distress. As was expected, results indicate that a significant relationship exists between having prior financial problems and filing for bankruptcy. Households that obtained consolidation loans were equally likely to file for bankruptcy as …

Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior

 

Robb, C.A. and Sharpe, D.L. (2009). Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior. Association for Financial Counseling and Planning Education. 25-43.

Abstract: Analysis of survey data collected from 6,520 students at a large Midwestern University affirmed that financial knowledge is a significant factor in the credit card decisions of college students but not entirely in expected ways. Results of a double hurdle analysis indicated that students with relatively higher levels of financial knowledge were not significantly …

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 …