JFCP Research Journal

Twenty-seven financial items were included in a questionnaire and 182 parents responded to the age they felt is most appropriate to share that family financial information or be involved in the financial activity. The most consensus was among parents as to what the very young are ready to learn and... Read More >

Frances L. Ayres and Kathleen Blackburn Hethcox

To reduce the cost of compliance, it is important that individuals seeking tax preparation assistance, as well as policymakers, know the relative differences between preparers. In this paper the results of Money's tax test are employed to determine whether the accuracy and bias of preparers are a function of preparers'... Read More >

Walt Woerheide and Rich Fortner

There are various costs associated with changing jobs. One potentially significant cost is the reduction or loss of pension benefits associated with the old job. Even if one is fully vested, a large reduction in pension benefits may occur. Amounts of increases in salary from a new job necessary to... Read More >

William C. Bailey and M. Jean Turner

This study examines the perception of the importance of retirement information from accountants, bankers, Cooperative Extension agents, financial planners, insurance salespersons, lawyers, and the media among full-time farm operators from five states (N=2021). Information on retirement planning from financial planners, insurance agents and lawyers was not highly valued whereas Cooperative... Read More >

Vicki Schram Fitzsimmons and Lauren J. Leach

Studying change in net worth enables assessment of a family's financial progress. Longitudinal panel data from 136 couples in the first 11 years of marriage were used in this study. Influences of selected variables on percentage change in net worth were examined. Change in household income and wife's change in... Read More >

Y. Regina Chang

An analysis of the 1983 and 1986 Survey of Consumer Finance shows that 40% of U.S. households had a decrease in real net non-housing assets between the two survey periods. This study uses t-test, bivariate and multivariate analyses to investigate household saving behavior and identify factors related to it. Multivariate... Read More >

Jing J. Xiao and Franziska E. Noring

Data from the 1986 Survey of Consumer Finances were used to analyze perceived saving motives. The results of Chi-square tests indicated that perceived saving motives were different in terms of the household's home ownership, marital status, number of children, life cycle stage, employment status, income, asset and debt categories, net... Read More >

Sharon A. DeVaney

The purpose of this study was to examine the usefulness of financial ratios as predictors of household insolvency. Financial ratios were developed for 1,934 households using data from the Survey of Consumer Finances. Two statistical methods---logistic regression and a classification tree procedure (CART)---were used for analysis. The 1983 Liquidity ratio... Read More >

Gong-Soog Hong and Patricia M. Swanson

This study examined the changes in the household financial well-being of older women ages 55 and over by using data from the 1977 and 1989 Survey of Consumer Finances. Three financial measures, household income, emergency fund adequacy, and debt-to-income ratio, were used. The findings showed that older women in both... Read More >

Y. Regina Chang and Sandra J. Huston

The 1983 and 1986 Surveys of Consumer Finance were used to analyze patterns of meeting a guideline of holding enough liquid assets to cover three months of income (emergency fund adequacy). In both years, only 32% of households met the guideline. Only 21% of households met the guideline in both... Read More >

Michael J. Sullivan,

This paper models the closed-form solutions of the present and future values of a constant-growth annuity in a manner that allows easy application of the time-value-of-money functions of a financial calculator. This model allows exact solutions and is valuable to practitioners and students for a number of applications that are... Read More >

Lucy X. Zhong and Jing Jian Xiao

This study examined characteristics of individual bond and stock holders, using data from the 1989 Survey of Consumer Finances. The results of the tobit models showed bonds and stocks are more likely to be held by families with adequate financial resources to maintain daily lives and enough funds to meet... Read More >