The purpose of this study was to examine associations between saving goals and saving behavior from a perspective of Maslow's Hierarchy. Using 1998-2007 Surveys of Consumer Finance data, we analyzed responses given to an open-ended saving reason question, and categorized responses into six...

Why do we save? Do saving decisions reflect personal needs to achieve goals in one's life? This study examined the influence of six saving goals constructed both from Life-cycle hypothesis, and Maslow's hierarchical theory of human needs. Even though traditional goals, such as retirement savings...

The purpose of this study was to examine the association between myopic time discounting and financial well-being moderated by financial knowledge, guided by the dual-self theory. Regression results with data from the 2016 National Financial Well-Being Survey sponsored by the Consumer Financial...