Flora L. Williams, Virginia Haldeman and Sheran Cramer

Financial problems and concerns of people are increasing in an uncertain economy, and their effect upon productivity is critical. Documentation of these effects to date is needed to promote financial counseling and education programs for the worker at the workplace. The costs and benefits of programs are addressed to promote... Read More >

Catherine Phillips Montalto and Jaimie Sung

The 1992 Survey of Consumer Finances consists of five complete data sets because missing data are multiply imputed. The incidence of missing data in the 1992 SCF is addressed and illustrates the difficulty of obtaining financial information from individuals. The value of using all five data sets and the risk... Read More >

M.J. Alhabeeb

This study investigated how much money was obtained and how it was spent by teenagers. It also examined the effects of individual and family characteristics on teens' discretionary spending and saving. Teens' income and age, separately, had negative effects on food expenditures and positive effects on both clothing and entertainment... Read More >

Sherman D. Hanna and Peng Chen

This article uses 69 years of real rates of return for six types of financial assets to find efficient portfolios for saving for college, in terms of mean and minimum accumulations. Small stocks are in every efficient portfolio. For 10 and 15 year time frames, the portfolio that was the... Read More >

Chandrika Jayathirtha and Jonathan J. Fox

An empirical model of overspending derived from the life cycle savings model was estimated for home owners and renters. Age, income stability indicators, family structure, marital status and race appear to have different impacts on the models, implying that the life cycle model may not equally characterize home owners and... Read More >

Peng Chen and Michael Finke

Characteristics of families with a negative net worth are explored using data from the 1992 Survey of Consumer Finances. Life cycle theory is applied to predict which households choose to go into negative net worth. Logit analysis showed that well educated young households who might expect increasing incomes are more... Read More >

Joan Koonce Lewis

This study examined the effects of available financial resources, credit use, savings attitudes, methods of saving, and demographic characteristics on the change in low-income families' real savings (change in real net worth) from 1983 to 1986. Multiple regression results indicated that having a higer level of education, having larger families,... Read More >

Sharon DeVaney, Elizabeth Gorham, Janet Bechman and Virginia Haldeman

The purpose of the study was to examine cash flow and credit use three months after participants completed a series of women's financial information workshops. Being older, having feelings of satisfaction about finances, and using the program workbook were associated with use of a spending plan, a bill paying system,... Read More >

Deborah D. Godwin

This study investigates the composition of newlywed couples' debt portfolios as it affects their debt difficulty, measured via three different financial ratios - a solvency ratio, a liquidity ratio, and a debt repayment ratio. While about 90 percent of all couples had some debt, the newlywed couples all at the... Read More >

Premal P. Vora

If the money invested through an IRA is withdrawn before the investor turns 59 1/2, it is subject to a penalty of 10 percent. Therefore, it is unclear whether an IRA is preferred to an ordinary investment or not. If the money remains invested in an IRA for a sufficient... Read More >

ieyu Li, Catherine Philips Montalto and Loren Geistfeld

Data from the National Longitudinal Survey of Older Men are used to examine factors associated with financial adequacy for retirement. Bivariate and multivariate analyses show that being white, a longer planning horizon, planning to retire at age 65 or later, and owning assets are positively associated with the accumulation of... Read More >

Yoonkyung Yuh and Sharon DeVaney

The study examined factors associated with the amount of defined contribution retirement funds using the 1992 Survey of Consumer Finances. Couples with larger amounts of income and smaller amount of nonfinancial assets had larger amounts of defined contribution funds. Also, the funds increased as years of employment and employer contribution... Read More >