Nicholas A. Carr, Ronald A. Sages, Frederick R. Fernatt, George G. Nabeshima, John E. Grable

Prior research has found a relationship between the health habits of individuals and their financial well-being. Little research has been conducted, however, to explore the nature of the health-wealth connection. The purpose of this study was to explore and test the association of physical health behaviors, namely exercise and diet,... Read More >

Michael A. Guillemette, Rui Yao, Russell N. James III

A variety of risk assessment questionnaires are used within the financial planning profession to assess client risk preferences. Evidence indicates that the average person overweighs losses relative to an arbitrary reference point. This paper evaluated risk assessment questions on how well they correlate with monetary loss aversion. Twenty-nine Western Texas... Read More >

Mary Bell Carlson, Sonya L. Britt, Briana Nelson Goff

The purpose of this study was to examine factors associated with a composite measure of financial behaviors among soldiers. Using primary data from a sample of soldiers before deploying to a war zone, results suggest that past behaviors and some personal factors play a significant role in soldiers’ financial behaviors.... Read More >

Su Hyun Shin, Sherman D.Hanna

We investigated racial/ethnic differences in high return investment ownership using the 2010 Survey of Consumer Finances (SCF). Logistic regression analysis shows that even after controlling for income, risk tolerance, education, and other factors, Black and Hispanic households are less likely to hold high return investments than White households, but Asian/Other... Read More >

Yoko Mimura, Joan Koonce, Scott W. Plunkett, Lindsey Pleskus

Using cross-sectional data, we examined the financial information sources, financial knowledge, and financial practices of young adults, many of whom are first generation college students, ethnic minorities, and immigrants or children of immigrants. Participants (n = 1,249) were undergraduate students at a large regional comprehensive university. The general linear model... Read More >

Richard F. Bieker and Yoonkyung Yuh

The objectives of this study were to evaluate the extent to which homeownership contributed to household financial strain as measured by loan delinquency after the onset of the recent housing market crash, and to examine if the impact of homeownership on household financial strain differed for Black and White households.... Read More >

Billy J. Hensley

A recent meta-analysis of the effect of financial literacy and financial education on downstream financial behaviors has shown a weak collective impact of the work of financial education. While the findings are not stellar, they do not support a dismantling of financial education programs and funding. This paper examines the... Read More >

Sandra J. Huston

In the article, “Enhancing links between research and practice to improve consumer financial education and well-being” Billy J. Hensley, Director of Education at National Endowment for Financial Education® (NEFE®), outlines his perspective on the current relation between financial education and financial outcome (downstream financial behavior) by drawing on a recent study... Read More >

Barbara O'Neill

Journal of Financial Counseling and Planning (JFCP) book reviews typically discuss books about some aspect of personal finance including: investment products (Bonds: The Unbeaten Path to Secure Investment Growth, 23(2), 2012), retirement (The Predictable Surprise: The Unraveling of the U.S. Retirement System, 25(2), 2014), debt (Broke: How Debt Bankrupts the... Read More >