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Blendine Perreire Hawkins and Virginia S. Zuiker

Financial counseling work with clients of color is unique and can be complex. There is a need for a better understanding of culturally aware and competent counseling approaches with clients of color to provide effective services. Nine financial professionals who work with clients of color were interviewed in this qualitative... Read More >

Jing Jian Xiao

Linking research to practice has been the tradition of Journal of Financial Counseling and Planning since its start in 1990. I remember when I published articles in the journal in the 1990s, the founding editor, Sherman Hanna, asked the authors to try to present the results in a way that... Read More >

Jacob A. Tenney and Charlene M. Kalenkoski

This study explores the relationship between objective measures and perceptions of financial well-being for older Americans. Financial well-being is measured objectively using three financial ratios including the liquidity ratio, the debt-to-asset ratio, and the investment ratio. Individuals’ perceptions of their financial well-being are measured by a question in the Health... Read More >

Johann U. de Villiers and Elze-Mari Roux

  An increasing number of individuals will be unable to retire comfortably amidst an international retirement savings crisis. Research suggests that behavioral factors contribute to inadequate retirement savings. We present a procedure that reframes the retirement savings decision, aimed at alleviating some of the negative effects of the behavioral factors.... Read More >

Stephen A. Atlas, Jialing Lu, P. Dorin Micu, & Nilton Porto

This paper investigates associations between confidence about financial knowledge and two outcome variables, financial behaviors and financial satisfaction. On one hand, subjective financial knowledge (confidence) is necessary to make proactive decisions, yet overconfidence has been associated with a range of negative financial behaviors and outcomes. Both types of objective and... Read More >

Philip Dituri, Andrew Davidson, and Jack Marley-Payne

Recent research has shown that two forms of education intervention significantly improve financial outcomes: rigorous, in-depth personal finance courses and additional mathematics coursework. This suggests that a mathematics course that offered systematic, in-depth applications to personal finance could be particularly effective. In this paper, we summarize the results from a... Read More >

David Allen Ammerman and Cherie Stueve

The purpose of this study was to explore the potential influence of childhood financial socialization on financial wellbeing in adulthood. Using a sample (N = 2,213) from De Nederlandsche Bank Household Survey (DHS) we modeled the likelihood of household debt/asset ratio less than or equal to 40%, and the likelihood... Read More >

Yuanshan Cheng, Charlene M. Kalenkoski, and Philip Gibson

From 2007 to 2009, the U.S. economy went through a deep economic downturn which is popularly known as the Great Recession. It resulted in a significant loss of wealth for many investors. While some investors sought the advice of financial advisors; others did not. This study examines the economic situation... Read More >

Derek R. Lawson, Barrett Scroggs, and Amber Vennum

This study explores the influence of parental warmth during adolescence on financial experiences and well-being across the transition to adulthood. Given the poorer financial outcomes and more complicated parental relationships reported by sexual minorities compared to their sexual majority counterparts, the present study examined the moderating impact of sexual orientation... Read More >

Fatemeh Kimiyagahlam, Meysam Safari, and Shaheen Mansori

The main objective of this research is to identify the behavioral factors which have an effect on retirement planning behavior. The study applies the theory of planned behavior and time perspective theory as a basis for the analysis of data by the structural equation modeling technique from a sample of... Read More >

Halil Kiymaz and Belma Öztürkkal

This study investigates perceived financial needs and subjective financial wellbeing using data from a national survey of 2,567 households in Turkey. Financial needs are measured by consumer perceived ability to meet current living expenses in the short-term as well as their assessment for the retirement security in the long-term. We... Read More >

Kristy L. Archuleta, Cherie Stueve, Rich Stebbins, Randy J. Kemnitz, Charles R. Chaffin, Kelley K. Williams, Stephen C. Poplaski, Ronald A. Sages, Racquel Heath Tibbetts, and Emily A. Burr

This study utilized qualitative methods to explore perceptions of graduates from Certified Financial Planning Board of Standards™ Registered Programs regarding experiences that impact CFP® certification completion. Participants (N = 16) were classified into four different groups: Certified, In Progress, With Intentions, and No Intentions. In general, the themes that emerged... Read More >