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Sweta Tomar, Satish Kumar, and Riya Surek

This study aims to determine the status of existing research on financial planning for retirement. We used bibliometric analysis and content analysis to examine a sample of 1,116 studies conducted over a span of more than five decades. Bibliographic coupling network was developed to determine the intellectual themes in the... Read More >

Derek T. Tharp, Meghaan Lurtz, Kate Mielitz, Michael Kitces, and D. Allen Ammerman

Using a nationwide online survey capturing detailed information on the backgrounds and practices of 654 financial planners, this study examines the associations between the use of technologies by financial planners and self-reported time spent within various stages of the six-step financial planning process. Surprisingly, in many cases, use of technology... Read More >

Wee Kang Chung, and Wing Tung Au

This study examines the degree to which the customer risk profiling measure (CRPM), commonly used by financial institutions to determine loss tolerance of investors, is psychometrically valid in assessing risk tolerance and predicting anxiety after experiencing a significant investment loss. Data were collected online from 91 respondents with various investment... Read More >

Abed G. Rabbani, John E. Grable, Barbara O’Neill, Frances Lawrence, and Zheying Yao

Is there an association between a household financial decision maker’s risk tolerance and the performance of the stock market? Some researchers argue that financial market events have little association with the financial risk tolerance (FRT) of household financial decision makers, while others argue that FRT among individuals can vary in... Read More >

Shinae L. Choi, and Wookjae Heo

The study examines whether an external locus of control (LOC) moderates the association between financial constraints and emotional exhaustion related to one’s financial situation. The participants for this study were 821 U.S. adults aged 20 and older who completed an online survey in September 2019. Results revealed that the association... Read More >

Kyoung Tae Kim, Jae Min Lee, and Jonghee Lee

We examined the relationship between holding a student loan and financial satisfaction and financial education’s moderating role using the 2015 National Financial Capability Study dataset. Households with a student loan had lower levels of financial satisfaction than those without one. We found a moderating role of receiving both formal and... Read More >

Erin E. George and Natalia Leszczyszyn

This article investigates the credit card debt puzzle. Simultaneously holding credit card debt and liquid assets is puzzling given the sizeable difference between interest rates of debt and assets. However, this behavior is common—about 31% of households in the 2016 Survey of Consumer Finances. The cost of co-holding may be... Read More >

Mackenzie M. Festa and Kevin G. Knotts

Self-leadership examines how individuals can motivate themselves through behavior focused strategies, constructive thought patterns, and natural reward strategies. This study examined the potential influence of self-leadership on financial self-efficacy, credit card debt, and student loan debt among college students. Data were collected from a survey of 197 graduate and undergraduate... Read More >

Erica Tobe, Cheryl Eschbach, Robert Weber, Jinnifer Ortquist, and William V. Hendrian

An evaluation was implemented over a 3-year period to assess a statewide financial capability program for low-income, diverse clientele in Michigan. Pre- and post- program evaluation data was used to determine knowledge gain and intended behavior change. Follow-up evaluation data confirmed behavior changes across 10 financial practices. Using the Transtheoretical... Read More >

Alex Yue Feng Zhu

The mismatch between financial objective and subjective knowledge that occurs in youth and adolescents has been understudied in the literature. Based on objective and subjective financial literacy scores, this study categorizes financial literacy into four types: financial literacy overconfidence, underconfidence, competence, and naïvete in a sample of adolescents. Data were... Read More >

Lu Fan and Narang Park

This study establishes an integrated conceptual framework to examine the influences of financial socialization on young adults’ financial and subjective well-being. Using the National Financial Well-Being Survey and structural equation modeling methods with a national sample of young adults aged 18-35, this study highlights two key potential influences of financial... Read More >

Jinhee Kim and Swarn Chatterjee

The purpose of this study is to examine the debt burdens, perceived capabilities, and mental health of young adults. Panel data constructed from the 2009 to 2013 waves of the Panel Study of Income Dynamics (PSID) and its Transition to Adulthood (TA) supplement are used in this study. The multinomial... Read More >