Stephanie R. Yates

Using data from the 2016 Survey of Consumer Finances, this study investigates factors that affect electronic banking adoption rates. Financial knowledge, income, education, and credit card ownership are associated with a high probability of electronic banking adoption. However, age is negatively associated with the probability of online banking adoption and... Read More >

Haidong Zhao, Lini Zhang, and Sophia Anong

This study examined a conceptual model on the intention to adopt NFC-based mobile payment that incorporates financial experiences and beliefs. NFC refers to Near Field Communication, a new technology in mobile payments. From an online experimental survey of 463 U.S. young adults, this research found consumers who used cards among... Read More >

Jing Jian Xiao, Beatrix Lavigueur, Amanda Izenstark, Sherman D. Hanna, and Frances C. Lawrence

This article describes the current status and trends in the past three decades (1990–2019) of the Journal of Financial Counseling and Planning (JFCP). Since its first issue published in 1990, JFCP has become a major research outlet in consumer finance. The journal publishes cutting-edge, peer-reviewed, original research papers on consumer... Read More >

Yingxia Cao, Fengmei Gong, and Tong Zeng

This study was intended to find out whether social media could be a solution to improve personal financial literacy and ability. The authors examined the antecedents and consequences of using social media for personal finance with survey data from 359 individuals who used social media tools to view, learn, post,... Read More >

Derek T. Tharp

This article examines potential consumer harm that may arise due to regulating modern financial services communication technology with rules written in the early 20th century. It is argued that disparities in record keeping regulation across communication mediums disincentivizes the use of technology capable of generating records for consumer retention, while... Read More >

Bin Li, Sherman D. Hanna, and Kyoung Tae Kim

This study used data from the 2015 National Financial Capability Study to analyze the adoption of mobile payments by U.S. households.  While 24% of respondents used mobile payments, the mean rate for those under age 25 was 11 times the rate for those 65 and older. State rates ranged from... Read More >

Lu Fan and Swarn Chatterjee

This study examines the roles of internal and external search characteristics and attitudinal factors in investors’ decisions to utilize robo-advisor-based platforms. Using the 2015 state-by-state National Financial Capability Study and Investor Survey, this study finds that the need to free up time, higher risk tolerance, higher subjective financial knowledge, and... Read More >

Jei Young Lee

Using data from Lending Club, we analyzed funded loans between 2012 and 2013, the default status of which were mostly known in 2018. Our results showed that both the borrower characteristics and the conditions of the loan were significantly associated with the loan default rate. Results also showed that the... Read More >

Sue L. T. McGregor

This position paper proposes that bankruptcy counseling and education should be tailored so that bankrupts and consumer debtors can attain solvency literacy, a new construct developed for this initiative. They need to (a) handle their financial affairs during the insolvency process while (b) concurrently striving for a fresh start, rehabilitation... Read More >

Ashley B. LeBaron, Erin K. Holmes, Bryce L. Jorgensen, and Roy A. Bean

  The purpose of this paper was to determine whether overt financial education from parents during childhood (retrospective measure collected in the same survey wave) is associated with a greater frequency of healthy financial management behaviors in emerging adulthood, and whether this relationship is dependent on gender. Using a sample... Read More >

Jennifer K. Rea, Joyce Serido, Lynne M. Borden, Sharon M. Danes, Sun Young Ahn, Soyeon Shim

This study examined potential impacts of financial resources and  values on emerging adults’ choice in committed relationships (N =424, 26-35 years). Guided by Deacon and Firebaugh’s (1988) Family Resource Management theory, financial self-sufficiency and forming a committed relationship were conceptualized as two salient goals of emerging adulthood. Multinomial logistic regression... Read More >

Emily Koochel, Melinda Stafford – Markham, Duane Crawford, and Kristy L. Archuleta

The purpose of this study was to develop the Financial Transparency Scale (FTS) to assess financial transparency, the open and honest disclosure of one’s finances, between married partners. A sample of 183 individuals married for less than 5 years, in their first marriage, completed an online survey. Principal components analysis... Read More >