An exploratory framework of the determinants of financial satisfaction

Journal of Family and Economic Issues

Volumn 25, Issue 1, 2004, Pages 25-50

  Joo, So Hyun ^a   Grable, John E ^b  

^a TEXAS TECH UNIVERSITY   (United States)

^b KANSAS STATE UNIVERSITY   (United States)

Author keywords

Financial behavior; Financial literacy; Financial satisfaction; Financial stress

Indexed keywords

EID: 3543004141     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1023/B:JEEI.0000016722.37994.9f     Document Type: Article

References (50)

1. Ackerman, N. M., & Paolucci, B. (1983). Objective and subjective income adequacy. Social Indicators Research, 12, 25-48.
2. Bailey, A. W. (1987). Social and economic factors affecting the financial well-being of families. Journal of Home Economics, 79(2), 14-18.
3. Bailey, W. C., Woodiel, D. K., Turner, J., & Young, J. (1998). The relationship of financial stress to overall stress and satisfaction. Personal Finances and Worker Productivity, 2(2), 198-206.
4. Bernheim, B. D., & Garrett, D. M. (1996). The determinants and consequences of financial education in the workplace: Evidence from a survey of households. (Stanford Economics Working Paper #96-007). http://www.nber.org/ papers/w5667.pdf
5. Bernheim, B. D., Garrett, D. M., & Maki, D. M. (1997). Education and saving: The long-term effects of high school financial curriculum mandates. Retrieved January 5, 1998, from http://www-econ.stanford.edu/econ/wprkp/ swp97012.html
6. Blau, F. D. (1998). Trends in the well-being of American women, 1970-1995. Journal of Economic Literature, 36(1), 112-165.
7. Campbell, A. (1981). The sense of well-being in America: Recent patterns and trends. New York: McGraw-Hill.
8. Cantril, H. (1965). The pattern of human concerns. New Brunswick, NJ: Rutgers University Press.
9. Danes, S. M. (1998). Multiple roles, balance between work and leisure, and satisfaction with level of living. Family and Consumer Sciences Research Journal, 26, 401-424.
10. Davis, E. P., & Schumm, W. R. (1987a). Family financial satisfaction: The impact of reference point. Home Economics Research Journal, 14, 123-131.
11. Davis, E. P., & Schumm, W. R. (1987b). Savings behavior and satisfaction with saving: A comparison of low- and high-income groups. Home Economics Research Journal, 14, 247-256.
12. DeVaney, S. A., & Lytton, R. T. (1995). Household insolvency: A review of household debt repayment, delinquency and bankruptcy. Financial Services Review, 4, 137-156.
13. DeViney, S. (1995). Life course, private pension, and financial well-being. American Behavioral Scientist, 39(2), 172-185.
14. Draughn, P. S., LeBoeuf, R. C., Wozniak, P. S., Lawrence, F. C., & Welch, L. R. (1994). Divorcee's economic well-being and financial adequacy as related to interfamily grants. Journal of Divorce and Remarriage, 22, 23-35.
15. Embrey, L. L., & Fox, J. J. (1997). Gender differences in the investment decision-making process. Financial Counseling and Planning, 8(2), 41-56.
16. Fletcher, C. N., Beebout, G., & Mendenhall, S. (1997). Developing and evaluating personal finance education at the worksite: A case study. Personal Finances and Worker Productivity, 1(1), 54-59.
17. Freeman, C., Carlson, J., & Sperry, L. (1993). Adlerian marital therapy strategies with middle income couples facing financial stress. The American Journal of Family Therapy, 21, 324-332.
18. Garman, E. T., Leech, I. E, & Grable, J. E. (1996). The negative impact of employee poor personal financial behaviors on employers. Financial Counseling and Planning, 7, 157-168.
19. George, L. K. (1992). Economic status and subjective well-being: A review of the literature and an agenda for future research. In Cutler, N. E., Gregg, D. W., & Lawton, M. P. (Eds.), Aging, money, and life satisfaction: Aspects of financial gerontology (pp. 69-99). New York: Springer.
20. Godwin, D. D. (1994). Antecedents and consequences of newlyweds' cash flow management. Financial Counseling and Planning, 5, 161-190.
21. Godwin, D. D., & Carroll, D. D. (1986). Financial management attitudes and behavior of husbands and wives. Journal of Consumer Studies and Home Economics, 10, 77-96.
22. Grable, J. E. (2000). Financial risk tolerance and additional factors which affect risk taking in everyday money matters. Journal of Business and Psychology, 14, 625-630.
23. Grable, J. E., & Joo, S. (1998). Does financial education affect knowledge, attitudes, and behavior? An empirical analysis. Personal Finances and Worker Productivity, 2(2), 213-220.
24. Grable, J. E., & Lytton, R. H. (1998). Investor risk tolerance: Testing the efficacy of demographics as differentiating and classifying factors. Financial Counseling and Planning, 9(1), 61-73.
25. Greenley, J. R., Greenberg, J. S., & Brown, R. (1997). Measuring quality of life: A new and practical survey instrument. Social Work, 42, 244-254.
26. Hayhoe, C. R. (1990). Theoretical model of perceived economic well-being. Annual Proceedings of The Association for Financial Counseling and Planning Education, 116-141.
27. Hayhoe, C. R., & Wilhelm, M. S. (1998). Modeling perceived economic well-being in a family setting: A gender perspective. Financial Counseling and Planning, 9(1), 21-34.
28. Hira, T. K., & Mugenda, O. (1999a). Do men and women differ in their financial beliefs and behaviors? In K. Kitt (Ed.), Proceedings of Eastern Family Economics Resource Management Association (pp. 1-8). Austin, TX.
29. Hira, T. K., & Mugenda, O.M. (1999b). The relationships between self-worth and financial beliefs, behavior, and satisfaction. Journal of Family and Consumer Sciences, 91(4), 76-82.
30. Hong, G., & Swanson, P. M. (1995). Comparison of financial well-being of older woman: 1977 and 1989. Financial Counseling and Planning, 6, 129-138.
31. Jeries, N., & Allen, C. M. (1986). Satisfaction/dissatisfaction with financial management among married students. Proceedings of American Council on Consumer Interests Annual Conference, 63-69.
32. Joo, S. (1998). Personal financial wellness and worker job productivity. Unpublished doctoral dissertation, Virginia Polytechnic Institute and State University, Blacksburg.
33. Joo, S., & Grable, J. E. (2000). A retirement investment savings decision model: Influencing factors and outcomes. Consumer Interests Annual, 46, 43-48.
34. McCubbin, H. I., & Patterson, J. M. (1983). Stress: The family inventory of life events and changes. In E. E. Filsinger (Ed.), Marriage and family assessment (pp. 253-274). Beverly Hills, CA: Sage.
35. Morgan, J. N. (1992). Health, work, economic status, and happiness. In N. E. Cutler, D. W. Gregg, & M. P. Lawton (Eds.), Aging, money, and life satisfaction: Aspects of financial gerontology (pp. 101-133). New York: Springer Publishing Company.
36. Mugenda, O. M., Hira, T. K., & Fanslow, A. M. (1990). Assessing the causal relationship among communication, money management practices, satisfaction with financial status, and satisfaction with quality of life. Lifestyles: Family and Economic Issues, 11, 343-360.
37. O'Neill, B. (1995). Characteristics and practices of financially-stressed homeowners in Prince William County, Virginia. Unpublished doctoral dissertation, Virginia Polytechnic Institute and State University, Blacksburg.
38. O'Neill, B., Xiao, J., Bristow, B. J., Brennan, P. Q., & Kerbel, C. (2000). MONEY 2000(TM): Differences in perceptions among program participants. The Journal of Consumer Education, 18, 35-42.
39. Pedhazur, E. J. (1982). Multiple regression in behavioral research. Fort Worth, TX: Harcourt Brace College Publishers.
40. Porter, N. M. (1990). Testing a model of financial well-being. Unpublished doctoral dissertation, Virginia Polytechnic Institute and State University, Blacksburg.
41. Porter, N. M., & Garman, E. T. (1993). Testing a conceptual model of financial well-being. Financial Counseling and Planning, 4, 135-164.
42. Roszkowski, M. J. (1999). Risk tolerance in financial decisions. In D. M. Cordell (Ed.), Fundamentals of Financial Planning (pp. 179-248). Bryn Mawr, PA: The American College.
43. Strumpel, B. (Ed.). (1976). Economic means for human needs. Ann Arbor: MI: Institute for Social Research.
44. Sung, J., & Hanna, S. (1996). Factors related to risk-tolerance. Financial Counseling and Planning, 7, 11-20.
45. Wang, H., & Hanna, S. (1997). Doe risk tolerance decrease with age? Financial Counseling and Planning, 8(2), 27-32.
46. Wilhelm, M. S., & Varcoe, K. (1991). Assessment of financial well-being: Impact of objective economic indicators and money attitudes on financial satisfaction and financial progress. Annual Proceedings of The Association for Financial Counseling and Planning Education, 184-202.
47. Williams, F. L. (1983). Money income, nonmoney income, and satisfaction as determinants of perceived adequacy of income. In M. Dunsing (Ed.), Proceedings of the Symposium on Perceived Economic Well-Being (pp. 106-125). Urbana, IL: University of Illinois at Urbana.
48. Williams, F. L. (1993). Financial counseling: Low-income or limited-income families. In V. S. Fitzsimmons (Ed.), Economic changes: Challenges for financial counseling and planning professionals, (pp. 121-145). Proceedings of the Association for Financial Counseling and Planning Education. San Antonio, TX.
49. Williams, F. L., Haldeman, V., & Cramer, S. (1996). Financial concerns and productivity. Financial Counseling and Planning, 7, 147-155.
50. nd ed). Thousand Oaks, CA: Sage.