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Lu Fan and Narang Park

This study establishes an integrated conceptual framework to examine the influences of financial socialization on young adults’ financial and subjective well-being. Using the National Financial Well-Being Survey and structural equation modeling methods with a national sample of young adults aged 18-35, this study highlights two key potential influences of financial... Read More >

Jinhee Kim and Swarn Chatterjee

The purpose of this study is to examine the debt burdens, perceived capabilities, and mental health of young adults. Panel data constructed from the 2009 to 2013 waves of the Panel Study of Income Dynamics (PSID) and its Transition to Adulthood (TA) supplement are used in this study. The multinomial... 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 explored 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 frontline 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 investigated 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 and 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 >

Kate Mielitz and Maurice MacDonald

There are numerous factors associated with successful reentry, but one that has not yet been addressed is financial behavior after release. This study used a primary data set collected in the fall of 2017. The theory of planned  behavior was applied to investigate post-release financial behavioral intentions of men and... Read More >