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Manouchehr Mokhtari

Health and consumer finance are hard to disentangle. Social and power structure in the imperfect healthcare market favor suppliers and their regulators. The asymmetric control of resources and information by the industry renders consumers impotent in finding the optimum levels of medical goods and services, and transforms them to patients... Read More >

Shinae Choi, Ph.D., Justin Blackburn, Ph.D.

This study sought to investigate household socio-demographic characteristics as predictors of patterns of health insurance premiums and medical expenses of consumers using the 2014 Consumer Expenditures Survey. This study found that age, being married, educational attainment, and log of family salary income were associated with higher family spending on both... Read More >

Yoon G. Lee, Ph.D.

Using data from the 2014 Health and Retirement Study (HRS), this study examined the association of financial status and body weight for retirement-aged men and women. The descriptive results show that more men (80.3%) were overweight or obese than women (77%). However, the prevalence of obesity was higher for women... Read More >

Gang Nathan Dong

This article studies the financial decision making behavior of U.S. families that have difficulties paying for the medical bills and investigate what alternatives they have to avoid filing for formal bankruptcy and what influence their motivation to do so. Using household financial and demographic information from the Health Tracking Household... Read More >

Patrick Richard, PhD, Nilam Patel, PhD, Yuan-Chiao Lu, PhD, Pierre Alexandre, PhD

This paper examined the relationship between self-reported health status and medical debt outcomes using data from the 2013 Panel Study of Income Dynamics. There were two outcomes of interest: 1) the likelihood of having any medical debt, which included 4,227 households and 2) the amount of medical debt (medical debt... Read More >

Racquel Tibbetts, Ph.D., CPA, CFP®, Sonya Britt-Lutter, Ph.D., CFP®

Health and financial resources are two important resources when individuals experience stress. The conservation of resources (COR) theory was used to view how health and financial resources relate to stress. The purpose of this study was to test how the perceived accumulation and loss of financial and health resources influences... Read More >

Nicole D. White, PharmD

Financial stress is implicated in poor health and decreased Quality of Life (QOL). The purpose of this project was to assess the two-year effect of a financial education program on the health of single, low-income women. A total of 30 women were enrolled and 20 continued through follow-up. Two years... Read More >

Donald D. Hackney, J.D., Daniel L. Friesner, Ph.D., Erica H. Johnson, Ph.D.

Medical bankruptcy refers to individuals with serious medical conditions who feel compelled to file for bankruptcy to seek relief from their medical debts. Noticeably lacking in the literature is a consistent, evidence-based criterion to define who may be classified as medically bankrupt. A more concrete definition would allow policy makers... Read More >

Gao Niu

Families that have a child with Down syndrome (DS) are facing financial challenges due to the increased life expectancy and daily life dependencies that he or she experiences. This paper is using pediatric findings to supplement child mortality impairment assumptions and proposes a combination annuity pricing model to explore an... Read More >

Tracey West, Andrew C. Worthington

This study investigates the impacts of financial shocks on the role of the family home in asset portfolios of Australian households using longitudinal data from the Household, Income, and Labour Dynamics in Australia (HILDA) survey. The life events considered are serious illness or injury, death of a spouse, being fired... Read More >

Wade D. Pfau

Retirement income planning has emerged as a distinct field within financial planning with the realization that risks change dramatically in retirement. The combination of longevity risk, increasing market risk triggered by taking distributions from assets, and spending shocks create new challenges. Wealth management has traditionally focused on accumulating assets without... Read More >

David Allen Ammerman, Maurice MacDonald

This study explored one aspect of household financial resilience by analyzing factors related to financial asset liquidity. Given that assets are classified on the balance sheet according to when their economic benefits are expected in time, we extend the asset allocation literature by modeling the allocation of financial assets to... Read More >