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Sarah D. Asebedo and Martin C. Seay

This study investigates the relationship between financial self-efficacy (FSE) and saving behavior within a sample of 847 U.S. pre-retirees aged 50 to 70 from the Health and Retirement Study. In accordance with the social cognitive theory of self-regulation, results revealed that FSE is positively related to saving behavior after controlling... Read More >

Martin C. Seay, Somer G. Anderson, Andy T. Carswell, and Robert B. Nielsen

Using data from the 2001, 2004, and 2008 panels of the Survey of Income and Program Participation (SIPP), this research examines the characteristics of households that invested in rental real estate during the 2000s. Given the tumultuous real estate market during that decade, rental real estate investment was investigated during... Read More >

Su Hyun Shin and Kyoung Tae Kim

Using the 2007–2009 Survey of Consumer Finances (SCF) panel dataset, this study investigated the relationship between subjective income risks and stock ownership of 2,386 households with a working head before and after the Great Recession. We used subjective income uncertainty as a proxy for subjective income risks. A two-stage least... Read More >

Su Hyun Shin and Kyoung Tae Kim

Using the 2007–2009 Survey of Consumer Finances panel dataset, we investigate whether and how changes in perceived income and saving motives are related to demand for household savings in the United States after the Great Recession. Households that perceive their current income as lower, relative to normal years are less... Read More >

Sherman D. Hanna, Kyoung Tae Kim, and Suzanne Lindamood

The Survey of Consumer Finances (SCF) is the most frequently used dataset for research in this journal, but many researchers and readers do not fully understand some of the dataset’s complex details. This article provides insight into important issues that researchers and readers need to understand to accurately conduct and... Read More >

Manouchehr Mokhtari

Health and consumer finance are hard to disentangle. Social and power structure in the imperfect healthcare market favor suppliers and their regulators. The asymmetric control of resources and information by the industry renders consumers impotent in finding the optimum levels of medical goods and services, and transforms them to patients... Read More >

Shinae Choi, Ph.D., Justin Blackburn, Ph.D.

This study sought to investigate household socio-demographic characteristics as predictors of patterns of health insurance premiums and medical expenses of consumers using the 2014 Consumer Expenditures Survey. This study found that age, being married, educational attainment, and log of family salary income were associated with higher family spending on both... Read More >

Yoon G. Lee, Ph.D.

Using data from the 2014 Health and Retirement Study (HRS), this study examined the association of financial status and body weight for retirement-aged men and women. The descriptive results show that more men (80.3%) were overweight or obese than women (77%). However, the prevalence of obesity was higher for women... Read More >

Gang Nathan Dong

This article studies the financial decision making behavior of U.S. families that have difficulties paying for the medical bills and investigate what alternatives they have to avoid filing for formal bankruptcy and what influence their motivation to do so. Using household financial and demographic information from the Health Tracking Household... Read More >

Patrick Richard, PhD, Nilam Patel, PhD, Yuan-Chiao Lu, PhD, Pierre Alexandre, PhD

This paper examined the relationship between self-reported health status and medical debt outcomes using data from the 2013 Panel Study of Income Dynamics. There were two outcomes of interest: 1) the likelihood of having any medical debt, which included 4,227 households and 2) the amount of medical debt (medical debt... Read More >

Racquel Tibbetts, Ph.D., CPA, CFP®, Sonya Britt-Lutter, Ph.D., CFP®

Health and financial resources are two important resources when individuals experience stress. The conservation of resources (COR) theory was used to view how health and financial resources relate to stress. The purpose of this study was to test how the perceived accumulation and loss of financial and health resources influences... Read More >

Nicole D. White, PharmD

Financial stress is implicated in poor health and decreased Quality of Life (QOL). The purpose of this project was to assess the two-year effect of a financial education program on the health of single, low-income women. A total of 30 women were enrolled and 20 continued through follow-up. Two years... Read More >