Academia.edu no longer supports Internet Explorer.
To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser.
1989
Inability to save money and the use of savings for everyday expenses were the financial problems most often cited by respondents to a survey of California households. The preferred delivery method for receiving financial information was in-home study packets. The study findings have implications for future Cooperative Extension outreach programs.
2015
Credit card use Average number of credit cards held by this sample of Iowa farmers was just over three. Among farmers with credit cards 89 percent stated they pay off their credit card balances nearly every month whereas the remaining 11 percent do not. In response to the types of purchases for which they used their credit long-term financial security. Table 1 shows that the expected retirement age for Iowa farm operators has increased from 65 in 1984 to 69 in 2003. When asked whether they were setting aside money for retirement, about four-fifths (79 percent) said yes. For those who said they were setting aside money for retirement, just over one-half indicated it would be just adequate, 17 percent said it would be more than adequate, and nearly onethird said it would not be adequate (Table 2).
2003
Using data from the Surveys of Consumers, we explore patterns of financial behaviors (cash flow management, saving, and investing) and the characteristics and learning preferences of households exhibiting these patterns. We find a wide range in diversity of financial behaviors among U.S. households. The only variables that consistently influenced having a high score for cash flow, saving, and investing behaviors
2005
In 2003 and 2004, MetroEdge conducted a survey of the financial behavior and attitudes of low- and moderate-income households in Los Angeles, Chicago and Washington, DC. While the results are consistent with prior research that this population is less “banked” than the general public, they also show that much of the population uses both banks or credit unions and alternative financial institutions and systems for payments, credit and saving. Part of this is the result of network effects: checks are not a universally accepted means of payment in the community. The survey also shows a high correlation between saving and multiple forms of asset-building.
2010
This report focuses on a qualitative study of parents and other parents who were involved in the SEED program at the Harlem Children's Zone in New York City and the Southern Good Faith Fund in Helena-West Helena, Arkansas. In-depth interviews with the caregivers of child participants were designed to help provide a richer understanding of perceived facilitators and obstacles to saving, perceived effects of saving, and participants' experiences of various program features. This report focus on three of our primary research concerns: perceived saving facilitators, perceived saving barriers, and perceived impacts of SEED participation.
2015
In this paper we discuss some preliminary results of an ethnographic study focused on the ways money and financial issues are collaboratively handled within families. Families develop ‘systems’ or methods through which they organize and manage their everyday financial activities. These systems not only organize everyday family finances, but represent and shape family relationships. Through analysis of our ethnographic field study data, we develop four types of financial systems that we observed in the field: banking arrangements, physical hubs, goal-oriented systems and spatio-temporal organization. In this paper, we discuss examples of these systems and their implications for designing tools to support household financial practices.
1990
During the farm crisis of the 1980s, many midwestern farm families suffered financial distress, but by 1989 an uneven financial recovery was under way. This report summarizes data collected from 311 Iowa farm operators (a 31% response rate) and 288 spouses (a 29% response rate) as part of a large survey conducted in 12 North Central states. The purpose of the survey was to identify farm families' adaptation pattern, information and educational needs, and opinions on rural development. Farm operators had an average age of 50 years, and most respondents had attained at least a high school diploma. In 1988, 4% of respondents had negative net family income, while 59% had family incomes below $30,000. Average farm size was 371 acres. Respondents were about equally divided as to whether local services, facilities, and quality of life factors had improved, worsened, or stayed about the same. About 42% believed that financial conditions for farmers had gotten worse, and 40% thought that conditions would continue to deteriorate. Most farmers responded to hard times by postponing major purchases, using savings for living expenses, and cutting back on charitable contributions; 35% decreased savings for their children's education. About 33% of farmers and 43% of spouses worked off the farm; 12% had participated in vocational education or retraining but most thought it was unhelpful. Highly rated information and training needs were concerned with marketing skills and reducing costs through low-input farming. Spouses were highly involved in farm operations and decisionmaking, and experienced some farm-and work-related stress. This report contains 15 data tables. (SV) The 1980s brought much change to rural America. Profound changes occurred in farming. As new technology was adopted, farm numbers continued to decline and many farm families found themselves struggling against low commodity prices. In addition, financial distress gripped many farm families. As interest rates soared, farm assets declined and farm incomes plummeted. The farm crisis during the 1980s was undoubtedly one of the darkest moments in the history of the Midwest. However, as the 1980s drew to a close, many farm families' financial positions improved and much of rural America experienced a recovery. As a result of the differential impact of the farm crisis and the uneven financial recovery, this study of farm families was undertaken as a way to assess the socioeconomic status of farm families in the Midwest.
Day Care & Early Education, 1989
This study investigates the factors involved in changing a family's financial situation for 485 Midwestern households. High income families and those with high home equity levels have a smaller gap between their standards and levels of consumption. High income families are more satisfied with their financial situations than low income families. Those families with a large gap between their standards
Family and Consumer Sciences Research Journal, 2012
Previous studies on financial socialization have focused on adolescents or college students. This study examined the effect of financial socialization on the financial behaviors of adults aged 24-66 from low-and moderate-income households. Data from the NC-1172 Complex Nature of Saving data set were analyzed using ordinary least squares regressions and logistic regressions. The four dependent variables were spending less than income, making financial plans, monitoring spending, and having savings goals. Among other results, the regression analyses showed that (i) discussions about money with parents as a child and (ii) learning from financial planners significantly influenced adults' financial management behavior. The findings suggest that financial socialization has a significant effect beyond adolescent or college years.
Journal of Consumer Studies and Home Economics - J Consum Stud Home Econ, 1990
A survey was sent to a group of households selected at random in sir counties to identifi jinancial events and coping strategies of households in the current economic climate. The purpose of the study was to provide information on the occurrence of major financial events and coping strategies to be used in the development of outreach educational programmes in the fuuancial area. Additionally, information was obtained on the t y p u of m i a l information the respondents would jind helpful as well as preferred delivery methods. The inability to save money was a problem for the majority of households, with job-related events such as losing a job causing the most fwncial difFculty for the householdr. Many of the households indicated a desire for information on investments, retiremmtplanning, estates and wilk. It was clear from the findings that the methodologies used to teach financial information need to be geared towards learning at home. ~ ~~ Usefulness of money management information (% responding helpful or very helpful): Credit 48 49
Journal of Financial Counseling and Planning
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 higher level of education, having larger families, and expecting financial assistance from friends or relatives in emergency situations increased real savings. In addition, having higher outstanding 1983 noninstallment loan balances increased real savings, while having lower 1983 net worth increased real savings from 1983 to 1986.
Juni Kayat , 2023
Financial literacy plays a pivotal role in shaping individuals' economic well-being and fostering financial inclusion. However, rural areas often face unique challenges that can significantly impact the financial literacy of their residents. This paper investigates the need for financial literacy in rural areas, the challenges that hinder its development, and the prospects for enhancing financial literacy in these communities. Through an empirical analysis that includes surveys, interviews, and data analysis, this study sheds light on the current state of financial literacy, explores the barriers faced by rural residents, and proposes strategies to improve financial literacy in rural areas. The findings underscore the importance of tailored financial education programs, community engagement, and the leveraging of technology to bridge the financial literacy gap in rural regions, ultimately contributing to economic empowerment and financial well-being in these areas.
Family and Consumer Sciences Research Journal, 2012
Applying a multidisciplinary approach, this study examined economic, sociological, and psychological concepts to understand individual savings behavior with a national sample of low-to moderate-income families (N = 826). Multinomial logistic regression results showed that some of the economic, sociological, and psychological factors were statistically significant in explaining whether a person had only a savings account or both savings and investing accounts compared to having no savings or investment accounts. Economic factors had a more robust relationship with savings behavior when compared to sociological and psychological factors. Specifically, age and a financial behavior score were significantly related to the likelihood of having a savings account while income, net worth, and education were significantly related to the likelihood of having both savings and investment accounts. The number of information sources that a person used (a sociological factor) was significantly related to having both savings and investment accounts. The length of a person's planning horizon and the number of perceived barriers (psychological factors) were significantly related to having a savings account. Implications for researchers, policy makers, educators, and counselors are discussed.
Using data from the Surveys of Consumers, we explore patterns of financial behaviors (cash flow management, saving, and investing) and the characteristics and learning preferences of households exhibiting these patterns. We find a wide range in diversity of financial behaviors among U.S. households. The only variables that consistently influenced having a high score for cash flow, saving, and investing behaviors were financial knowledge and financial learning experiences -those who knew more and those who learned from family, friends, and personal experiences had higher scores. The implication is that increases in knowledge and experience can lead to improvements in financial behaviors. We argue that one way to increase knowledge is to gain additional education, although we acknowledge that education is only one mechanism for influencing behavior. We conclude that a "one size fits all" and a "one delivery technique fits all" approach to financial education will be less effective than more targeted, tailored approaches.
SSRN Electronic Journal, 2010
Journal of Consumer Affairs, 2016
This study examines food insecurity among children of participants in a federally funded savings program in the United States, the Individual Development Account (IDA) program. We measure child food insecurity of savings program families by using the eight questions of the Current Population Survey's Food Security Supplement. About 39.4% of savings program families report food insecurity. No differences in children's food hardship between current and past program participants were identified. Examining predictors, propensity to plan for money tend to be associated with higher odds of children's food insecurity. By contrast, frugal behavior, lower material deprivation, and higher subjective well-being tend to reduce the odds of children's food insecurity. Findings also confirm previous literature on the association of alternative financial services and higher food insecurity among children. Low-income families face numerous daily challenges, including providing an adequate and nutritious diet for their children. Federal and state governments recognize this challenge by providing food assistance through several programs that target children, and also by monitoring our nation's food security. Food insecurity occurs when families are unable to afford balanced meals, cut the size of meals, or are hungry because of too little money for food (Coleman-Jensen, Gregory, and Singh 2014). The focus on children's food insecurity is warranted because an inadequate diet can cause serious harm to children's general health (Cook et al. 2004), and has been associated with iron deficiency, dental problems, asthma among Cäzilia Loibl
2016
bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed Pu bl ic Di sc lo su re A ut ho riz ed The Demands for Funds by Agricultural Households:
Loading Preview
Sorry, preview is currently unavailable. You can download the paper by clicking the button above.