This study examined whether retirement income sources matter for the subjective financial well-being of retirees and the subjective retirement savings adequacy of non-retirees. Using nationally representative data from the 2017 Survey of Household Economics and Decisionmaking, the study found that while income from a defined benefit (DB) plan, defined contribution (DC) plan, and an individual retirement account (IRA) were positively related to the subjective financial well-being of retirees, income from employment and family were negatively related to their subjective financial well-being. Also, retirement preparation with a DB, DC, and IRA was positively related to subjective retirement savings adequacy for non-retirees. The moderating role of age in the relationship between the form of retirement savings for non-retirees and their subjective retirement savings adequacy was significant. Because of the growing importance of individual responsibility for retirement planning, the present study adds to the financial planning knowledge of financial practitioners, educators, and researchers.
Since 2009, the Family & Consumer Sciences Research Journal (FCSRJ) has annually selected the Best Papers published in each of the subdisciplines of FCSRJ. The authors are honored at the June annual conference of the American Association of Family and Consumer Sciences (AAFCS). This paper focuses on the 13 Best Papers in Personal Finance for the time period of 2008 to 2020 and also includes five additional papers in Personal Finance in which the author was designated as an Emerging Scholar for that specific year. The results demonstrated the importance of the history of home management, food insecurity, college student financial behavior, college student loans, housing, and retirement and saving decisions.
The Family and Consumer Sciences Research Journal (FCSRJ) is a multidisciplinary journal which includes housing and interior design as one of the eight topic areas. To increase the visibility of housing and interior design, this review focused on housing research by presenting a summary of the 27 housing and interior design articles published in FCSRJ between 2008 and 2022. The following categories emerged: history, culture, housing counseling, issues and trends, affordability, renting versus owning, college students, and older adults. The results of each published study were timely and productive, and many of the authors called for additional research to explore the topics in more depth.
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