Michael Guillemette, and Yi Liu

Although risk preferences and inheritance expectations should affect annuitization decisions, few studies have empirically tested these relations. This study bridges the gap in the prior literature by investigating potential effects that consumer risk aversion and inheritance expectations have on annuitization. Using data from the 2012 wave of the Health and... Read More >

John E. Grable, and Eun-Jin Kwak

This paper adds to the existing literature on financial risk aversion and risk taking by testing the possibility that a person’s degree of disappointment aversion, as an anticipatory emotion, may be an antecedent of risk-taking behavior. In this regard, the purpose of this paper is to introduce two interrelated measures—the... Read More >

Kristy L. Archuleta, Christina Glenn, Derek R. Lawson, Joy P. Clady, and Syble Solomone

When it comes to money, clients often know what they should do, but they do not always do it. The purpose of this study was twofold: (a) to introduce a new scale to measure financial cognition and (b) to explore the link between thinking (i.e., covert behavior) and financial behavior... 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 >

HanNa Lim, and Jae Min Lee

This study examined whether retirement income sources matter for the subjective financial well-being of retirees and the subjective retirement savings adequacy of non-retirees. Using nationally representative data from the 2017 Survey of Household Economics and Decisionmaking, the study found that while income from a defined benefit (DB) plan, defined contribution... Read More >

Melissa J. Wilmarth, Casey J. Totenhagen, Joyce Serido, and Soyeon Shim

Whereas problematic finances can undermine relationship satisfaction, a sense of shared financial values may bolster relationship satisfaction; thus, it is important to understand how to promote couples’ shared financial values. In this study, we examined the association of individuals’ perceptions regarding their own and their partners’ positive financial behaviors on... Read More >

Julie M. Szendrey and Laci A. Fiala

This research examined how parental communication and family resources provided during adolescence relate to domain-specific financial management behaviors for a sample of 1,245 young adults age 18–34. Using data collected by an online survey administration organization, bivariate analysis results indicated that higher levels of parental communication about proper consumer skills... Read More >

Yoon G. Lee

This JFCP special issue was designed and planned to publish manuscripts that can provide important practical implications for practitioners working in the field of financial counseling and education. To accomplish the goal of this special issue, linking research to practice, research topics were focused on financial counseling, coaching, and education,... Read More >

Don Lux and Laura Kauzlarich

The purpose of this paper is to utilize decision tree (DT) analysis to examine the relationship between income level, financial satisfaction, financial confidence, financial knowledge, and several demographics with a goal of better understanding desirable financial behavior. The emphasis of this analysis is focused particularly upon better understanding the role... Read More >

Kyoung Tae Kim, Jae Min Lee, and Sharon A. DeVaney

This study explores the association between financial knowledge and financial fragility. Data from the 2015 National Financial Capability Study were used to create an index of financial fragility. Relationships between this index and three different measures of financial knowledge were assessed. To mitigate potential endogeneity in the financial knowledge measures,... Read More >

Ana C. Silva, Allison E. Seitchik, and Jane D. Parent

This paper summarizes a field-based experiment exploring an individual and small-group financial coaching intervention. Both types of coaching programs had the same goal: to develop clients' financial capability through a series of planned meetings focusing on client driven goals. Results indicated clients who were coached either individually or in groups... Read More >

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 >