JFCP Research Journal
Nancy M. Porter and E. Thomas Garman
The purpose of this study was to conceptualize and test a measurement of financial well-being as a function of personal characteristics, objective attributes, perceived attributes, and evaluated attributes of the financial domain. The dependent variable, financial well-being, was measured using an adaptation of Cantril's self-anchoring scale. In the empirical test... Read More >
Vickie L. Hampton, Karrol A. Kitt, Sue Alexander Greninger, and Thomas M. Bohman
In order to better understand employee benefit decisions, this research identified factors associated with the decision to participate in a flexible spending account (FSA) for medical expense reimbursement. Participation was positively related to income and to education. A logistic regression of the likelihood of participation on family income and education... Read More >
Frances C. Lawrence, Renee H. Thomasson, Patricia J.
Financial behaviors of 133 married adults were examined to determine relationships between frequency of financial arguing and a) use of financial management strategies, and b) demographic variables. Record keeping and goals/savings were negatively correlated with arguing, while delaying tactics, apparel cost-cutting strategies, and do-it-yourself techniques were positively related to arguing.... Read More >
Elizabeth A. Edwards
Compulsive buying is an abnormal form of consumer spending which afflicts many individuals who, as a result, often find themselves in deep debt. An instrument to assess compulsive spending behavior is developed and the reliability and validity of the scale and its subscales are evaluated. Exploratory and confirmatory factor analyses... Read More >
Kathy Prochaska-Cue
This article explores: (a) the initial exploratory development of a model of personal financial management style drawing from the work of McKenney and Keen (1974); Deacon and Firebaugh (1988); Gross, Crandall, and Knoll (1980); and Rettig (1987), and (b) the initial development of an instrument to be used in measuring... Read More >
Y. Regina Chang and Suzanne Lindamood
Patterns of household income instability were analyzed using panel data from the 1983 and 1986 Surveys of Consumer Finance. The dataset included annual incomes for households for the years 1983 through 1985. Almost two-thirds (64.8%) of households had increases in real income between the first two years and the second... Read More >
Sharon DeVaney
This study examines changes in family financial status from 1982 to 1985, using data collected in 1983 and 1986 by the Survey of Consumer Finance. Financial ratios are used as indicators of progress to answer the question of whether households improved their financial status during the three year period. Key... Read More >
MiKyeong Bae, Sherman Hanna, and Suzanne Lindamood
An original analysis of the BLS Consumer Expenditure Survey shows that almost 40% of U.S. households spent more than their income in 1990. Multivariate logistic regression indicates that income level is the most important factor related to whether a household overspends. More educated consumers are more likely to overspend than... Read More >
Jerry Mason
No abstract available. Read More >
Deborah D. Godwin
This study focused on exploring the process and outcomes of cash flow management among randomly-selected newlywed couples. Descriptive data suggested that family cash flow management is much more complex than revealed in previous studies asking "whether families have a budget." Three dimensions of family cash flow management - budgeting, financial... Read More >
Catherine Phillips Montalto
If married women view participation in the labor force as providing insurance against the negative economic consequences of divorce, then married women with higher expectations of divorce will be more likely to be employed. The Panel Study of Income Dynamics, 1968-1983, is used to estimate the effect of the expectation... Read More >
Jean W. Bauer and Marlene S. Stum
This paper uses the 1989 National Long Term Care Survey conducted by U.S. Bureau of Census to study the elders who are most likely to need assistance with their money management, their helpers, and the factors which explain the need for assistance. A logit analysis of the community- dwelling sample... Read More >