The role of perception in the intention to change the family financial situation

Danes, Sharon M.; Rettig, Kathryn D.

doi:10.1007/bf01013985

Cited by 39 publications

(27 citation statements)

References 32 publications

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“…Similarly, Lyons, Howard, and Scherpf () found that debtors whose financial situation could be attributed to events such as illness or unemployment were more likely to improve financial knowledge and behavioral intentions than debtors whose financial situation was caused by poor financial management. These results are in line with the SDT, but also the TPB: perceived control is stronger when the decision to change is made by oneself rather than others, which in turn strengthens the intention to behave consistent with the decision (Schifter & Ajzen in Danes and Rettig ).…”

Section: How Can We Achieve Change In Financial Behavior?mentioning

confidence: 99%

A Systematic Literature Review to Identify Successful Elements for Financial Education and Counseling in Groups

Peeters¹,

Rijk²,

Soetens³

et al. 2018

Journal of Consumer Affairs

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This study reviews the literature available on contents, form, and effectiveness of group‐based programs for combined financial education and counseling aimed specifically at populations at risk for financial difficulties. Despite the widespread application of these programs, relatively little is known about their effectiveness. In general, evidence points to positive effects of several programs on knowledge, confidence, and (intended) behavior, but the exact mechanisms through which this is achieved remain unclear. The topics covered differ among studies, but common themes can be identified. It appears of importance to combine education with practical exercises allowing participants to apply the skills they learn. Motivating clients is another important recurring theme. Working in groups provides an added benefit through recognition and peer support. It is important that future research focuses on the mechanisms of change and on long‐term effects, since these remain largely unknown in the current body of literature.

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Section: How Can We Achieve Change In Financial Behavior?mentioning

confidence: 99%

A Systematic Literature Review to Identify Successful Elements for Financial Education and Counseling in Groups

Peeters¹,

Rijk²,

Soetens³

et al. 2018

Journal of Consumer Affairs

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show abstract

“…Many terms have been used to describe patients’ feelings about their financial condition 5 , including perceived economic well-being, 6, 7 personal financial wellness, 8 financial satisfaction 9, 10 , perceived income adequacy, 11 financial strain, 12 financial stress, 13–15 debt stress, 16 economic strain, 17 economic distress. 18, 19 In the oncology literature, distress, burden and toxicity are often used as synonyms.…”

Section: Definition Of Financial Stressmentioning

confidence: 99%

Financial distress in cancer patients

Souza

Wong

2013

J Med Pers

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Novel diagnostic and therapeutic options offer hope to cancer patients with both localized and advanced disease. However, many of these treatments are often costly and even well-insured patients can face high out-of-pocket costs. Families may also be at risk of financial distress due to lost wages and other treatment-related expenses. Research is needed to measure and characterize financial distress in cancer patients and understand how it affects their quality of life. In addition, health care providers need to be trained to counsel patients and their families so they can make patient-centered treatment decisions that reflect their preferences and values.

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“…Regarding the age of the saver, older adults were more likely to analyze the problem, seek information, and talk with family members than younger adults. Research suggests that the age of the saver is an important factor to examine (Danes & Rettig, 1993b;Strumpel, 1976;Titus et al 1989;Weigel, 1988).…”

Section: Personal Characteristics and Supportsmentioning

confidence: 99%

Saving strategies

Losby¹

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Thesis Supervisor: Associate Professor Salome Raheim 1 ABSTRACT INTRODUCTION. Although seldom a mainstream topic in social work, the financial functioning of individuals and families plays a central role in well-being. The time is right to better understand the workings of low-income families, especially in this uncertain economic climate. Matched savings program called Individual Development Accounts (IDAs) provide a context for investigating how low-income parents save and accumulate assets. IDAs offer a unique means for a systematic study of the saving strategies used by low-income individuals and how the decision to save may create hardships for themselves and their families.There is still a pressing need for more research that can help clarify parental saving strategies, the factors facilitating or impeding saving, and the potential hardships low-income savers face. Of critical importance to the field is research that helps to better understand what sacrifices low-income parents make when they have made the decision to secure a better future for their families.METHODS. The sample is 150 savers from a statewide matched savings program. This study is a secondary analysis of telephone survey and administrative data.Bivariate and multivariate statistical tests were conducted to test six hypotheses. The variables of interest are saving strategies, saving supports, and hardships.RESULTS. Parents who have a history of saving use significantly more helpful saving strategies than respondents without a saving history. Parents who have a history of saving experience less severe hardship than parents who do not have a history of saving. Also, married parents experience fewer hardships than non-married parents.Minority parents experience significantly less intense saving supports than non-minority parents. There was not a relationship between the number of helpful saving strategies and the age of the saver. A relationship was not found between the saver's age or number of children and the number of hardships experienced.Abstract Approved: ____________________________________ Thesis Supervisor ____________________________________

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The role of perception in the intention to change the family financial situation

Cited by 39 publications

References 32 publications

A Systematic Literature Review to Identify Successful Elements for Financial Education and Counseling in Groups

A Systematic Literature Review to Identify Successful Elements for Financial Education and Counseling in Groups

Financial distress in cancer patients

Saving strategies

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