Marlene S. Stum, Jean W. Bauer, and Paula J. Delaney

This study focuses on understanding the economic well- being of a growing subgroup of elderly, noninstitutionalized elderly facing risks of health problems and financial dependency. The combination of predisposing characteristics and resources that best explain differences in economic well-being of elderly was examined using a sample from the 1984 National... Read More >

Mari S. Wilhelm, Karen Varcoe, and Angela Huebner Fridrich

A survey of 280 males and 279 females living in rural Arizona and California was used to explore the importance of money beliefs (obsession, retention, power/spending, and effort/ability), after controlling for objective indicators of financial well-being (income, value of assets, and amount of debt), in predicting appraisals of financial satisfaction... Read More >

Vicki Schram Fitzsimmons and Satomi Wakita

Expectation of future financial condition can be a powerful motivator of an individual's financial management. This study found no difference in male and female financial managers' expectation of future financial condition. There were some differences in the determinants of expectation. For both sexes, positive relationships were found between expectation of... Read More >

Nancy M. Porter and E. Thomas Garman

The purpose of this study was to conceptualize and test a measurement of financial well-being as a function of personal characteristics, objective attributes, perceived attributes, and evaluated attributes of the financial domain. The dependent variable, financial well-being, was measured using an adaptation of Cantril's self-anchoring scale. In the empirical test... Read More >

Vickie L. Hampton, Karrol A. Kitt, Sue Alexander Greninger, and Thomas M. Bohman

In order to better understand employee benefit decisions, this research identified factors associated with the decision to participate in a flexible spending account (FSA) for medical expense reimbursement. Participation was positively related to income and to education. A logistic regression of the likelihood of participation on family income and education... Read More >

Frances C. Lawrence, Renee H. Thomasson, Patricia J.

Financial behaviors of 133 married adults were examined to determine relationships between frequency of financial arguing and a) use of financial management strategies, and b) demographic variables. Record keeping and goals/savings were negatively correlated with arguing, while delaying tactics, apparel cost-cutting strategies, and do-it-yourself techniques were positively related to arguing.... Read More >

Elizabeth A. Edwards

Compulsive buying is an abnormal form of consumer spending which afflicts many individuals who, as a result, often find themselves in deep debt. An instrument to assess compulsive spending behavior is developed and the reliability and validity of the scale and its subscales are evaluated. Exploratory and confirmatory factor analyses... Read More >

Kathy Prochaska-Cue

This article explores: (a) the initial exploratory development of a model of personal financial management style drawing from the work of McKenney and Keen (1974); Deacon and Firebaugh (1988); Gross, Crandall, and Knoll (1980); and Rettig (1987), and (b) the initial development of an instrument to be used in measuring... Read More >

Y. Regina Chang and Suzanne Lindamood

Patterns of household income instability were analyzed using panel data from the 1983 and 1986 Surveys of Consumer Finance. The dataset included annual incomes for households for the years 1983 through 1985. Almost two-thirds (64.8%) of households had increases in real income between the first two years and the second... Read More >

Sharon DeVaney

This study examines changes in family financial status from 1982 to 1985, using data collected in 1983 and 1986 by the Survey of Consumer Finance. Financial ratios are used as indicators of progress to answer the question of whether households improved their financial status during the three year period. Key... Read More >

MiKyeong Bae, Sherman Hanna, and Suzanne Lindamood

An original analysis of the BLS Consumer Expenditure Survey shows that almost 40% of U.S. households spent more than their income in 1990. Multivariate logistic regression indicates that income level is the most important factor related to whether a household overspends. More educated consumers are more likely to overspend than... Read More >

Jerry Mason

No abstract available. Read More >