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Edward J. Horwitz, Bradley Klontz, and Faith Zabek

Despite decades of retirement plan enrollment meetings, many employees fail to fully engage in their employer-sponsored retirement plans. Under the framework of the Transtheoretical Model of Behavior Change (TTM), this study examines the effectiveness of a financial psychology intervention designed to increase engagement in employer-sponsored retirement plans across three employee... Read More >

Bryan K. Spuhler and Jeffrey Dew

This study examines the relationship between sound financial management behaviors and happiness using a national sample of adults collected in 2009 (N=1,014). We used Maslow’s Hierarchy of Needs (1943) as a theoretical framework to examine associations between sound financial management behavior, economic pressure, relationship satisfaction, and happiness. Findings suggested that... Read More >

Jr-Tsung Huang

This special issue of Journal of Financial Counseling and Planning has selected 10 from 40 submissions. Most of the submissions were originally presented at the Eleventh Biennial Conference of Asian Consumer and Family Economics Association (ACFEA), held at Hong Kong Shue Yan University, Hong Kong, China in July 2016 (for... Read More >

Congmin Peng

A sharp increase in Chinese house prices combined with the extraordinary lending growth during the 2000 s has led to concerns of an emerging real estate bubble and impairment of consumer financial well-being. This article studies real house prices relative to fundamental house values. Housing constitutes a large fraction of... Read More >

Keith A. Moreland

Advice from financial counselors is one potential source for improving financial behaviors and well-being among clients and within their communities. This study examined whether obtaining financial advice is associated with other personal financial behaviors. Analysis of National Financial Capability Study data showed that obtaining advice is positively associated with financial... Read More >

Judith Aboagye and Ji Young Jung

This study examined factors associated with financial satisfaction and found that financial behaviors/attitudes provide the strongest explanation for the total variance in financial satisfaction. While overspending had a strong negative association with financial satisfaction, having a higher risk tolerance, no difficulty with monthly bill payments, and savings in an emergency... Read More >

Mathieu Despard, Michal Grinstein-Weiss, Anna deRuyter, Shenyang Guo, Jane E. Oliphant, and Terri Friedline

Being unbanked makes it difficult for low and moderate-income (LMI) households to manage finances, save, and access credit. We assessed effects of an online tax-time savings intervention on savings account openings in the 6 months following tax filing among a sample of 4,692 LMI tax filers. Treatment group participants had... Read More >

Tao Guoa and Michael Finke

Many who want to save more for retirement are tripped up by short-run temptations. Yet, some can still achieve their goals by using commitment devices to limit suboptimal behavior. Defined contribution plans in the United States resemble a commitment device because they are framed as savings for the future and... Read More >

Che Cheong Poona and Fuk Kin Joe Wong

This article argues for the establishment of a defined benefit and partially funded universal pension system. The characteristics of this system represent a publicly managed mandatory contributory pension plan and the coverage of its benefits for all Hong Kong elderly aged above 65. By applying a mathematical model which links... Read More >

Ashley B. LeBaron, Christina M. Rosa-Holyoak, L. Ashley Bryce, E. Jeffrey Hill, and Loren D. Marks

Many Millennials (aged 18–30 in 2016) are struggling with financial capability and independence. As efforts unfold to address this issue by improving financial education, Millennials themselves can offer helpful family-centered ideas for children’s financial learning. As part of the Whats and Hows of Family Financial $ocialization project, this qualitative study... Read More >

Emily J. Huang, Reka A. Lassu, and Kenny K. Chan

This study investigated Millennials’ source selection while searching for financial information to improve financial well-being. Results from an online survey of 488 business students at a Western U.S. university showed that Millennials used multiple sources when looking for financial information, but only sources whose perceived attributes fit the seekers’ preferences... Read More >

Julie Szendrey and Laci Fiala

This research examined how perceived economic mobility (PEM) relates to domain-specific behaviors of financial management, specifically cash management, credit management, and savings and investment, for a sample of 1,245 young adults age 18–34. Using data collected by an online survey administration organization, research results indicated a significant positive relationship between... Read More >