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Ivy S.H. Hii, Poh Ling Ho, Ching Seng Yap, and Abey P. Philip

The study examined the influence of financial literacy and financial advice on individuals’ stock market participation in Malaysia. Using survey data from 216 individuals aged 18 years old and above, this study revealed that both financial literacy and financial advice were positively associated with the likelihood of participating in the... Read More >

Yilan Xu and Rui Yao

In this paper, we projected household financial vulnerability in the COVID-19 pandemic. Using a nationally representative sample of households from the 2017 Panel Study of Income Dynamics (PSID), we analyzed potential changes in financial status in the pandemic resulting from loss of income and savings from discretionary consumption. We provided... Read More >

Sunwoo Tessa Lee and Sherman D. Hanna

We examined the association between financial knowledge overconfidence and the perception of emergency fund needs using the 2016 Survey of Consumer Finances (SCF) dataset. Only 28% of respondents reported a perceived amount of emergency funds needed that would cover at least 3 months of estimated spending. We conducted an OLS... Read More >

Carmen Daniels, Janya McCalman, and Roxanne Bainbridge

Since 1990, financial counseling, literacy and capability services have emerged in Canada, Australia, New Zealand and the United States (CANZUS nations) as practice-based approaches to support the economic participation and financial resilience of Indigenous peoples. This systematic scoping review of the published and grey literature explores how these programs have... Read More >

Mathieu R. Despard, Yingying Zeng, Sophia Fox-Dichter, Ellen Frank-Miller, and Michal Grinstein-Weiss

Financial counseling has been found to be effective in improving consumers' credit outcomes and could be expanded through the workplace to reach lower-income workers who struggle with various financial challenges. We examine engagement and credit outcomes associated with a workplace financial counseling program offered to 2,849 front-line workers in New... Read More >

Axton Betz-Hamilton

Identity theft victims often experience negative financial, emotional, and physical consequences.  Many cases of identity theft are perpetrated by family members, yet little is known about consequences familial identity theft victims experience and how they may differ from those who were victimized by a non-relative.  The purpose of this study... Read More >

Alicia Rubio, Alberto Rubio, and Jose F. Moreno

Using data from the 2016 Survey of Consumer Finances (SCF) and the Family Life Cycle (FLC) and Human Capital Theory (HCT) as a framework, this study examined if factors related to the likelihood of financial ratio adequacy and financial well-being differ for Hispanic and non-Hispanic White households. Hispanics’ comprehensive financial... Read More >

Lu Fan and HanNa Lim

This study used the 2017 National Financial Well-Being Survey to investigate the relationship between cognitive ability and seeking financial advice. Three aspects of cognitive ability were examined: memory, objective numeracy, and subjective numeracy. The results showed that in general, the three were not associated with seeking financial advice. However, after... Read More >

Samantha Brady, Julie Miller, Alexa Balmuth, Lisa A. D’Ambrosio, and Joseph F. Coughlin

Financial self-efficacy is associated with positive financial behaviors. This study investigates factors associated with financial self-efficacy among student loan borrowers based on original data collected through an online national survey of student loan borrowers between age 25 to 75. Results revealed that perceived student loan literacy prior to accruing higher... Read More >

Lance Palmer, Evin Winkelman Richardson, Joseph Goetz, Ted G. Futris, Jerry Gale, and Karen DeMeester

Both self-efficacy and self-regulation have been connected to financial behaviors and financial outcomes of households; however, their associations have been studied independently. This study examined the association between general self-regulation (i.e., mindfulness practice, self-care behaviors, and conflict management) and financial management behavior, mediated by financial self-efficacy. Data was gathered from... Read More >

Shane Enete, Martin Seay, Sarah Asebedo, David Wang, and Megan McCoy

The purpose of this paper is to show that emotions matter when predicting the financial wellbeing of U.S. households. The broaden and build theory was used to predict that positive emotions would be positively associated with financial wellbeing and negative emotions would be negatively associated with financial wellbeing. Using a... Read More >

Edward Horwitz, Martin C. Seay, Kristy Archuleta, and Somer G. Anderson

This exploratory study employed quasi-experimental research methods to investigate the relationship between adult participation in a comprehensive workplace financial education program and changes in financial knowledge levels. Results revealed a positive association between participation in the education program and changes in financial knowledge levels, even when controlling for demographic and... Read More >