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Jaime Ballard and Lynne Borden

  Military spouses face employment obstacles such as relocations, leading to un- or underemployment. The Department of Defense (DoD) proposed three best practice guidelines for transfer of licenses for military spouses. In this study, we 1) reviewed state legislation on military spouse licensure portability and identified how states addressed DoD... Read More >

Pauline S. Prevett, Maria Pampaka, Valerie L. Farnsworth, Afroditi Kalambouka, and Xin Shi

  In setting a new direction for the field by highlighting the importance of measure development, this paper offers an original approach to modelling financial literacy, in which theories of situated learning meet self-efficacy: an approach that we claim fits well with the aims of program evaluation. It presents results... Read More >

Jei Young Lee

  Using data from Lending Club, we analyzed funded loans between 2012 and 2013, the default status of which were mostly known in 2018. Our results showed that both the borrower characteristics and the conditions of the loan were significantly associated with the loan default rate. Results also showed that... Read More >

Michael G. Kothakota and D. Elizabeth Kiss

  This study examined the use of data visualization to improve financial literacy in adults. Using financial knowledge questions as test items this study used an experimental approach.  Poisson regression was conducted on responses from 1,797 participants to an online survey via Survey Monkey™. Approximately one-third of respondents were assigned... Read More >

Sue L. T. McGregor

This position paper proposes that bankruptcy counseling and education should be tailored so that bankrupts and consumer debtors can attain solvency literacy, a new construct developed for this initiative. They need to (a) handle their financial affairs during the insolvency process while (b) concurrently striving for a fresh start, rehabilitation... Read More >

Ashley B. LeBaron, Erin K. Holmes, Bryce L. Jorgensen, and Roy A. Bean

  The purpose of this paper was to determine whether overt financial education from parents during childhood (retrospective measure collected in the same survey wave) is associated with a greater frequency of healthy financial management behaviors in emerging adulthood, and whether this relationship is dependent on gender. Using a sample... Read More >

Julie Birkenmaier, PhD & Qiang (John) Fu, MD, PhD, Saint Louis University

This paper examined the relationship of household financial behaviors and accesses. Using the 2015 National Financial Capability Study, the current study conducted latent class analysis of financial behaviors to identify latent classes (N=27,564). The distribution of access was investigated among latent classes, which were regressed on the financial behaviors of... Read More >

Yingxia Cao, PhD, Fengmei Gong, & Tong Zeng, University of La Verne

This study was intended to find out whether social media could be a solution to improve personal financial literacy and ability. The authors examined the antecedents and consequences of using social media for personal finance with survey data from 359 individuals who used social media tools to view, learn, post,... Read More >

Dr. Rashid Ameer & Dr. Robert Khan

We used survey data from a cross-sectional New Zealand sample of adults to examine whether financial socialization and financial literacy are associated with their financial behavior. The results show different financial socialization experiences of adult males compared to adult females are associated with higher financial literacy and higher financial confidence.... Read More >

Jennifer K. Rea, Joyce Serido, Lynne M. Borden, Sharon M. Danes, Sun Young Ahn, Soyeon Shim

This study examined potential impacts of financial resources and  values on emerging adults’ choice in committed relationships (N =424, 26-35 years). Guided by Deacon and Firebaugh’s (1988) Family Resource Management theory, financial self-sufficiency and forming a committed relationship were conceptualized as two salient goals of emerging adulthood. Multinomial logistic regression... Read More >

Emily Koochel, Melinda Stafford – Markham, Duane Crawford, and Kristy L. Archuleta

The purpose of this study was to develop the Financial Transparency Scale (FTS) to assess financial transparency, the open and honest disclosure of one’s finances, between married partners. A sample of 183 individuals married for less than 5 years, in their first marriage, completed an online survey. Principal components analysis... Read More >

Shannon Tumataroa and David O’Hare

The efficacy of family budgeting programs is often measured purely in terms of financial outcomes. There has been less research on its potential impacts on cognitive outcomes. The present study investigated whether an existing financial counseling intervention could help people improve their deliberative cognitive capacity. A community sample of participants... Read More >