JFCP Research Journal
Sheila Mammen and Frances C. Lawrence
The Federal Earned Income Tax Credit (EITC) affords cash-strapped and credit-constrained working families the opportunity to increase their purchasing power and savings potential. Mixed methods were used on a sample of 237 rural working mothers who participated in a multi-state study. Approximately two thirds of those eligible claimed the EITC.... Read More >
Aimee D. Prawitz, E. Thomas Garman, Benoit Sorhaindo, Barbara O'Neill, Jinhee Kim, and Patricia Drentea
This article describes development of the InCharge Financial Distress/Financial Well-Being Scale, designed to measure a latent construct representing responses to one's financial state on a continuum ranging from overwhelming financial distress/lowest level of financial well-being to no financial distress/highest level of financial well-being. It describes a formative Delphi study, validity... Read More >
Cazilia Loibl, Tahira K. Hira, and Michael Rupured
Factors that explain the likelihood of completing a Chapter 13 repayment plan were identified. Using data from 489 Georgia participants who completed a 3-hour workshop, how factors differed for first-time and repeat filers were investigated. Results indicated that repeat filers were more likely than first-time filers to start an emergency... Read More >
Peter M. Basciano, James M. Grayson, and James Walton
Better financial results accrue to some borrowers when they select a 30-year mortgage coupled with a simulta-neous investment plan rather than a 15-year mortgage term and a subsequent investment plan. These results are particularly applicable in a low mortgage rate environment; however, for the vast majority of borrowers, there remains... Read More >
Albert Kinderman and William P. Jennings
A new generation of retirees will receive full Social Security retirement benefits at age 66. Those who have left the workforce have the choice of collecting benefits early. The paper considers the range of choices faced by decision-makers and offers an alternative approach to the financial planning question of when... Read More >
AFCPE
Volume 17 Issue 1 Table of Contents Read More >
Volume 17 (1)
Book Review of 3 Dimensional Wealth: A Radically Sane Perspective on Wealth Management
Antone J. Gatherum
Authors: Monroe M. Diefendorf, Jr. and Robert Sterling Madden Publisher: 3-Dimensional Wealth Publishing ISBN #0-9769014-0-4 Read More >
Barbara O'Neill
Authors: Barbara O'Neill, Nathalie Martin and Stewart Paley Publisher: John Wiley and Sons, Inc. ISBN # 13:978-0-471-75369-8 Read More >
Michael S. Gutter and Angela Fontes
The current study establishes a two-stage investment decision-making model in order to examine the impact of race on investment behavior. Results show that although Blacks are less likely to own stocks than Whites, once ownership is accounted for, there is no difference in the portfolio allocation to risky assets. The... Read More >
Marlene S. Stum
Qualitative methods were used to examine how couples perceive and articulate their intentions and behaviors in regard to managing the risk of financing long term care. Two overall decision making styles for addressing the risk of long term care were identified: scrambling and advance planning. Scramblers may or may not... Read More >
Barabara O'Neill, Aimee D. Prawitz, Benoit Sorhaindo, Jinhee Kim, and E. Thomas Garman
The study explored the relationship between health and financial distress/financial well-being and differences in health based on (a) time spent in a debt management program (DMP) and (b) occurence of negative financial events. Spearman's rho indicated those with lower financial distress, higher financial well-being in 2005 reported better health (N=1,119,... Read More >
Vibha Bhargava and Jean Lown
The 1998 and 2001 Survey of Consumer Finances were used to compare the emergency fund adequacy of households. A low percentage of households met the 2-month, 3-month and 6-month income guidelines for the quick, intermediate, and comprehensive measures in both years. More than 50% of households did not meet any... Read More >