Throughout the world, policy makers are concerned about the impact that population aging will have on the financial security of households and nations. Key questions include: (1) are the aging, and soon to be aged populations, adequately preparing for old age? and (2) how does financial...

The purpose of this paper is to present findings from research that was undertaken to answer the following questions. First, to what extent is political orientation associated with financial risk tolerance, and second, to what degree is political orientation predictive of changes in risk...

Data from an economically and racially diverse sample (N = 258) was used to determine (a) if an association between objectively measured income and perceived income adequacy exists, (b) how well individuals assess the adequacy of their income, and (c) if a bias exists, can these estimates be...

The De Gruyter Handbook of Personal Finance provides a robust review of the core topics comprising personal finance, including the primary models, approaches, and methodologies being used to study particular topics that comprise the field of personal finance today. The contributors include many...

The purpose of this study was to examine the extent to which risk-tolerance attitudes differ between a sample of Brazilians and Americans (N=620). Based on the use of a variety of statistical methodologies, including regression, factor, and discriminant analysis. The results indicate that...

In many ways, the management of a household's personal finances is a job that can be analyzed and evaluated like other occupations. Household financial management has several criteria of performance (e.g., savings rate, net worth) making it possible to evaluate the relative effectiveness of an...

Financial inclusion plays an important role in giving households greater access to borrowing opportunities, which in turn can be used to improve human capital accumulation, socioeconomic status, and long-run economic development. One way to enhance households' access to and usage of the...

Over the past three decades, numerous scaling and attitudinal measurement techniques have been developed to facilitate the assessment of an individual's financial risk tolerance. Cronbach's alpha has traditionally been used as the primary measure of scale reliability for assessment tools that...