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Kate Mielitz and Maurice MacDonald

There are numerous factors associated with successful reentry, but one that has not yet been addressed is financial behavior after release. This study used a primary data set collected in the fall of 2017. The theory of planned  behavior was applied to investigate post-release financial behavioral intentions of men and... Read More >

Donald Bruce Ross, Jerry Gale, Kandauda Wickrama, Joseph Goetz, Matthew James Vowels, and Yabin Tang

The deleterious nature of U.S. economic recessions over the last several decades highlight a need to investigate the role of family economic strain on families. The current study explored the impact of family economic strain on marital quality and marital stability through dyadic associations of marital support and work–family conflict... Read More >

Abed G. Rabbani, Zheying Yao, Christina Wang, and John E . Grable

Financial risk tolerance is an important personal characteristic that is widely used by financial professionals to guide the development and presentation of client-centered recommendations. As more baby boomers enter retirement, research on how these individuals perceive their willingness to take financial risks has gained importance, particularly as the focus of... Read More >

Stuart J. Heckman and Jodi C. Letkiewicz

This exploratory study examines academic and labor market risks associated with investments in higher education by synthesizing the literature regarding risky higher education choices and extending the research using the 2014 National Student Financial Wellness Study, a national sample of college students. Three phenomena are analyzed to support the notion... Read More >

Frank M. Magwegwe and HanNa Lim

Despite the importance of retirement savings, many individuals retire with lack of adequate retirement savings. While calculating retirement savings needs was found to enhance retirement savings, little is known about what underlies this enhancement. Applying the theory of planned behavior (TPB), we developed a model in which psychological factors influence... Read More >

Yiting Li, Virginia S . Zuiker, Tai J . Mendenhall, and Catherine P. Montalto

Paying for college expenses can be stressful for anyone, regardless of citizenship status. Asian American students and their parents may be negotiating with each other who will shoulder these expenses, while international Asian students often enter this country with their parents’ financial support already established. This is the first study... Read More >

Michael P. Ryan and Brenda J. Cude

Most private sector employees have access to defined contribution retirement plans while public sector employees often may choose defined benefit or defined contribution plans. This research utilized a survey of faculty to analyze retirement plan satisfaction. Advice from a financial planner was positively associated with satisfaction with portability. Retirement plan... Read More >

Piotr Białowolski, Andrzej Cwynar, and Wiktor Cwynar

Based on a nationally representative sample of adult Poles (N = 1,004), we examined structural relationships between financial knowledge, skills, confidence, attitudes, and behavior in debt-domain. We found that financial confidence—at least regarding debt-related issues—is tied to debt attitudes and behavior beyond the extent to which the attitudes and behaviors... Read More >

Shane Enete, Stuart Heckman, and Derek Lawson

Why do people give away their money? Charitable giving has traditionally been modeled using socioeconomic (i.e., age, income, education) and psychographic variables (i.e., self-esteem, guilt, pity). However, given that charitable giving is, inherently, a financial activity, would financial variables with a psychographic element (i.e., financial attitudinal variables) have the ability... Read More >

Kyoung Tae Kim, Sherman D. Hanna, and Dongyue Ying

The Survey of Consumer Finances (SCF) has included a 4-level risk tolerance measure since 1983. In 2016, the SCF also included an 11-level risk tolerance measure. We compare the two measures, and develop suggestions for using the new measure. While the new measure is seemingly simpler than the old measure,... Read More >

Dr. Charlotte A. Zeamer and Dr. Alisa J. Estey

There has been much effort in recent years to address some of the damage of the recent global financial crisis with financial literacy education. Little research has been done, however, on the factors that might affect the decision to seek individual versus couples-based financial education. We used a survey instrument... Read More >

Lu Fan

This study develops a conceptual framework to investigate the relationship between households’ information search behavior and financial management outcomes. Consumers’ information search behavior is examined from both internal and external perspectives. The internal information sources include human capital and psychological and attitudinal factors, whereas the external information sources comprise financial... Read More >