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Aimee D. Prawitz and Judith Cohart

Guided by a proactive coping theory, this online, cross-sectional study examined whether income, savings, debt service-to-income ratio, reluctance to think about finances, locus of control, and financial management competency were related to financial wellness. Based on data from a United States sample (N 5 1,039), results of hierarchical regressions indicated... Read More >

Shinae Choi, Clinton G. Gudmunson, Timothy S. Griesdorn, and Gong-Soog Hong

To meet college student needs for financial counseling, it is important to assess why they seek counseling and the extent to which differing financial situations are tied to financial stress. This study examined these issues with a sample of 554 college students who participated in financial counseling and found financial... Read More >

Sonya L. Britt, Melanie R. Mendiola, Gregory H. Schink, Racquel H. Tibbetts, and Scott H. Jones

The impact of financial stress on college students can range from psychological distress to adverse academic outcomes. The purpose of this study was to identify how resources and perceptions alter the amount of financial stress felt by college students and how this relates to academic achievement. Results from 2,236 Midwestern... Read More >

Carrie L. Johnson, Barbara O’Neill, Sheri Lokken Worthy, Jean M. Lown, and Cathy F. Bowen

This study used data from online focus groups collected from November 2014 to April 2015 to understand college students’ decision-making processes when borrowing money to finance their education. Data were collected using an online course management system. Results suggest that (a) students relied heavily on advice from parents, guidance counselors,... Read More >

Patti J. Fisher

This study uses the 2013 U.S. Survey of Consumer Finances dataset to investigate differences in credit card use between Hispanic and White households. The sample includes 3,784 households, with 3,165 households headed by a White individual and 619 households headed by a Hispanic individual. The results show that the factors... Read More >

Jinhee Kim, Jung Eun Kim, and Ui Jeong Moon

Using data from the Panel Study of Income Dynamics (PSID) Child Development Supplement and Transition into Adulthood, this study compared Whites, Blacks, and Latinos to identify racial and ethnic differences in bank account ownership. Having a bank account as a child was significantly associated with bank account ownership in young... Read More >

Teresa A. Mauldin, Robin Henager, Cathy Faulcon Bowen, and Michael Cheang

The purpose of this study was to identify barriers and facilitators of saving behavior in low- to moderate-income households within a framework of predisposing, enabling, and reinforcing factors. Data used were from a U.S. Department of Agriculture/National Institute for Food and Agriculture–sponsored multistate project. With a sample of 757 low-... Read More >

Chungwen Hsu

This study examined how retirement planning information search was related to retirement savings of working women. By controlling for sociodemographic variables, the study further explored factors associated with individual information sources for retirement planning. An online survey was developed to collect data from a national population, obtaining 591 valid responses.... Read More >

Diane K. Schooley and Debra Drecnik Worden

Using the 2007–2009 Survey of Consumer Finances panel data, this study examined changes in perceived and realized risk tolerance after the financial crisis. Households who perceived less risk tolerance were more likely to have reduced their portfolio risk and vice versa. Furthermore, households whose wealth decreased were more likely to... Read More >

Karen A. Duncan, Shahin Shooshtari, Kerstin Roger, Janet Fast, and Jing Han

This research examined the prevalence and amount of care-related out-of-pocket expenditures of family caregivers and the factors that influence this spending. Secondary analysis of 2007 General Social Survey (Cycle 21) data yielded population estimates for Canadians age 45 years and older. Thirty-five percent of respondents—1.2 million Canadians—reported care-related out-of-pocket expenditures,... Read More >