Congratulations to winners of the Outstanding Symposium Student Paper Award!
2018: Andrew Scott, Juan Gallardo, & Christopher Moore
The purpose of this study was to test the effectiveness of peer-based financial counseling in changing subjective and objective financial knowledge. The authors examined mean differences in financial knowledge scores from a financial counseling intake survey to a two-month follow-up survey. Results suggest that financial counseling had positive effects on financial knowledge. Most notable, this study focused on the impact of financial counseling across various sub-groups. Before financial counseling there was great disparity in financial knowledge among sub-groups, and after financial counseling this disparity mostly disappeared. Financial counseling seems to create balance in financial knowledge among sub-groups, as significant differences in both subjective and objective knowledge among sub-groups largely vanish after counseling.
Andrew Scott is a PhD Student at Kansas State University, studying at the Institute of Personal Financial Planning. Andrew Scott is also an Assistant Professor of Finance at Saint Mary’s University of Minnesota.
2017: Irene McIvor Mason
Irene McIvor Mason is a developmental science graduate student and part time human development and family studies faculty member at the University of Rhode Island. Her research paper was selected as the 2017 AFCPE® Outstanding Symposium Student Paper Award Winner!
2016: Judith Aboagye
Judith Aboagye is a graduate research assistant currently enrolled in the Financial Planning, Housing, and Consumer Economics doctoral program at the University of Georgia. Her study titled “An analysis of the indicators of financial satisfaction: Does behavioral and debt factors matter?” examines the indicators of financial satisfaction and shows that behavioral factors offer the strongest explanation of the total variance in financial satisfaction level. Apart from overspending which had a strong negative association with financial satisfaction, having a higher risk tolerance, no difficulty with monthly bill payments, and savings in an emergency fund and retirement plan were all positively associated with financial satisfaction. Mortgage debt was the only debt factor shown to have a significant association with financial satisfaction and the positive association is an important indication of the value and overall satisfaction attached to home ownership.