Forty-six participants were endowed with real money and received hypothetical investment advice from a CFP® Professional and a stockbroker. Results indicate that among low-income households, advice from a CFP® Professional influenced investor choice behavior within hypothetical education and...

This study uses the 1992-2010 Survey of Consumer Finances to analyze whether the likelihood of life insurance ownership and the face value amount of life insurance changes for minorities as household size changes. We find that the likelihood of life insurance ownership declines for black and...

A great deal of research has studied the use of margin from an overall market perspective. However, very little has been observed regarding household decisions around margin use. The 2018 wave of the National Financial Capability Study Investor Survey provides unique insight into household...

Using nationally representative data from the 2021 National Financial Capability Study (NFCS), this study investigates the association between human capital, as proxied through education and financial knowledge, and stimulus payment usage for debt repayment, savings, and investments during the...

Housing counseling can increase homeownership opportunities for economically disadvantaged households. Prior research has generally viewed counseling as a means to reduce risk for mortgage lenders and insurers. This approach, which comes from the industry perspective, ignores important...

<title>Abstract</title> In the 1980, 1990, and 2000 censuses, Hispanic households had the lowest rate of homeownership of any major ethnic group. Since 2000, however, growth in Hispanic homeownership has outpaced that of other groups. This article uses a four‐stage transitional framework to examine Hispanic...