Consumer Interests Annual

Articles from Vol. 53, Annual

2007 Dissertation Award: A Five-Nation Examination of Financial Risk Tolerance
Abstract This study expanded the current literature base on financial risk tolerance and specifically addressed the understanding of this construct from a multinational perspective by employing an empirical comparison of financial risk tolerance...
53rd American Council on Consumer Interests (ACCI) Conference: Consumer Movements across the Pacific 20 April 2007
1. It is indeed my greatest honor to receive the Rhoda Karpatkin Award in recognition of my humble contributions to the consumer movement internationally and especially in assisting the consumer movement in China. Asian culture believes in karma, which...
A Household Production Approach to Overweight: A Model and Preliminary Estimates
Abstract Using a health capital model and a national sample, this study provides preliminary estimates of the impact of socio-economic, behavioral and demographic variables on the likelihood of being overweight. Findings indicate that active lifestyle,...
An Analysis of Workforce Housing in Rural Georgia
Georgia is one of the fastest growing states in the nation. Between 1990 and 2000, Georgia added 1.7 million people, about 60 percent of whom moved from outside the state (Housing and Demographics Research Center, 2001). Most of the population growth...
An Examination of Customer Retention Behavior in Debt Management Program
Customer retention is a critical issue in service industries such as insurance and telecommunications given that these firms' stable profits are based on a continuous access fee paid by the customers (Keaveney & Parthasarathy, 2001). In the credit-counseling...
Attitudes toward Using Credit for Loss of Income
The non-business bankruptcy filing rate doubled between 1990 and 2004, and then increased even more because of the impending change in bankruptcy rules. Was part of the increase due to changing attitudes toward credit use? This study analyzes consumer...
Attribute Framing in Former Price Comparison Advertisements (1)
Using an experimental design, in this paper we investigate the impact of alternative framing of a factually equivalent price comparison advertisement on the key outcome variables of believability, transaction value, acquisition value, search intention...
Cash Rewards Effect on Unplanned Buying Behaviors-Watch Your Wallet Carefully!
Extended Abstract Price promotions come in various forms, such as buy-one-get-one-free offers, coupons, and of course price discounts. Cash reward is a new popular promotional tool used at many famous department stores, apparel retailing chains,...
Changes in Characteristics of Adjustable-Rate Mortgage Borrowers between 2001 and 2004
To examine whether the characteristics of adjustable-rate mortgage borrowers changed over the 2001-2004 period, the study compares the distributions of these demographic characteristics in the 2001 and 2004 Survey of Consumer Finance (SCF) using two...
Changes in Stock Ownership by race/Hispanic Status, 1998-2004
In 2004, 57% of White households directly and/or indirectly owned stocks, compared to less than 26% of Black households and 19% of Hispanic households. Counting both direct and indirect stock ownership, the stock ownership rate of Blacks doubled between...
Consumer Expenditure Survey Data Interactive Workshop from Collection to Analysis: Meeting the Challenges of Changing Times
Sponsored by the Bureau of Labor Statistics (BLS), the Consumer Expenditure Survey (CE) is the most detailed source of expenditure information collected directly from consumers by the Federal government. In addition, by collecting information on demographic...
Economic and Demographic Differences in Debt Delinquent Behavior
Being late in debt payments face many negative consequences: a late fee will be charged, the practice will be recorded in credit reports, and the consumers will be the potential target of universal default. Being late for two months or more is considered...
Examining a Model of Economic Well-Being Based on Financial Ratios
The purpose of this study was to examine a model of economic well-being based on the debt-to-income and debt-to-assets ratios. It was proposed that socioeconomic, attitudinal, and behavioral factors would affect whether households had satisfactory...
eXtension: A High Tech Resource for Improving Financial Security
This Showcase Session described the objectives and content of a new Cooperative Extension Internet-based information delivery service for consumers interested in personal finance topics. Financial Security for All (FSA) was among the first wave of...
Factorial and Discriminant Analyses of the Underlying Factors That Predict Customer Retention in the Debt Management Plan
In the past decades, the credit counseling industry has experienced steady growth due to the increased needs of consumers who are overwhelmed with debt (Christopher, Timmons and Cady, 2001). The services of credit counseling organizations focus on...
Financial Distress/financial Well-Being: Do Length of Time Spent in a Debt Management Program and Changes in Debt Burden and Financial Stressor Events Make a Difference?
The study investigated whether reduction in credit card debt and financial stressor events as well as longer time in a debt management program (DMP) made a difference in the financial distress/financial well-being of 828 credit counseling agency clients....
Financially Distressed Consumers' Information Search for Retirement Plans
Using data from the Mature Market Survey (MMS) from an educational foundation, this study examined financially distressed consumers' information search behavior for retirement plans. Findings showed that financially distressed consumers sought financial...
Financial Strains and Depression among Elderly Women
This study examined the effects of financial strains on depression, how unmarried status affects depression and what sociodemographic factors are associated with depression among women age 65 and above. HRS data from 3,523 unmarried and 2,674 married...
Financial Stress and Job Productivity: Evidence from Credit Counseling Clients
This study examined the relationship between credit-counseling clients' financial stress and their job productivity. The data came from two data collections from Wave I and II that track longitudinal information about credit counseling agency clients....
For Better or Worse: Financial Decision-Making Behavior of Married Couples
Abstract This study constructs a theoretical model of household bargaining to explain the financial decision-making behavior of married couples. We empirically test our model using data from the 2000 Health and Retirement Study (HRS). The HRS is...
Get Financially Fit: A Financial Education Toolkit for College Campuses
This is an abstract of a presentation at the annual conference that described various models for delivering financial literacy education on college campuses. It was based on Get Financially Fit! A Financial Education Toolkit for College Campuses, a...
HOPE or No-HOPE: Merit-Based College Scholarship Status and Financial Behaviors among College Students
This study explores differences in financial behaviors between college students in Georgia who retained the merit-based HOPE scholarship and those who lost it. Students who initially had HOPE scholarships but lost them had higher credit card and student...
How Are Asset Holdings Different between Non-Homeowners and Homeowners among Near-Retirees?
Introduction For many years, purchasing a home has been considered a good way to increase families' assets and use the accumulated wealth towards retirement. Along with a recent escalation in the cost of homes and mortgage interest rates, the current...
How Do Single Non-Married Women Save for Retirement?
With fewer retirement funds than men, and more years to live, women are at greater risk of poverty in later life (Rowland & Lyons, 1996). Not many studies have been devoted to understanding how single non-married women save for retirement. Using...
Meeting Basic Consumption Needs: A Joint Examination of Food and Medical Care
Over one-in-ten U.S. households are food insecure. That is, these households include members who do not always have access to enough food for active, healthy living because their household lacks money or other resources for food. Children (18.2%) are...
"Nearly 47 Million Americans without Health Coverage: Is Incremental Reform Working?" 2007 ACCI Annual Conference Esther Peterson Consumer Policy Forum
Esther Peterson once said: "We have a tremendous responsibility to future generations to leave an accurate record of our history, one which lays bare not only the fact, but the process of change." "AN ACCURATE RECORD OF OUR HISTORY" ... 2007...
Racial/ethnic Disparities in Stock Ownership: A Decomposition Analysis
There is a large disparity in stock ownership between racial/ethnic groups in the United States. A logistic regression model shows that there are significant differences between these groups even after controlling for net worth, income, risk tolerance...
Recent Shifts in Determinants of Internet Banking Adopters: Empirical Evidence from 2001 and 2004 SCF
The purpose was to investigate whether there were shifts in the factors affecting the probability of adopting Internet banking. The technology acceptance model, the theory of planned behavior, and previous research were used to develop a model. Data...
Regret to Know? an Investigation of the Effect of Reference Prices on Consumers' Emotions
Purpose of the Study The purpose of the research was to provide a better understanding of the impacts of relevant information on consumers' emotions when bidding their prices through an online Name-Your-Own-Price (NYOP) method. Specifically, the...
Remittances and the Economic Well-Being of Sudanese- and Vietnamese-Canadian Refugees
Much of the remittance literature emphasizes the situation of immigrants sending money and goods to family members, but little is known about refugees' experiences of sending remittances (e.g., Blue, 2004; Ghosh, 2006). Two groups of refugees were...
Retirement Savings and Expenditure Patterns of Renters and Homeowners: Different Resources or Different Views?
This study examines the retirement preparation of renters and homeowners. Housing is commonly the largest asset for consumers and often provides benefits related to retirement such as reduced costs for housing services and the potential for reverse...
Sensation-Seeking and College Students' Credit Card Debt
Abstract: Using the Student Financial Management survey data, collected by the Personal Financial Planning Department of the University of Missouri (2004), we examined the relationship of sensation-seeking and college students' credit card debt. Sensation-seeking...
Small Steps to Health and Wealth[TM]: The Total Package
Small Steps to Health and Wealth[TM] (SSHW) was developed upon a framework of 25 behavior change strategies for improved well-being by Cooperative Extension faculty at Rutgers University. It is believed to be the first long-term program developed to...
The Contours of Choice: The Role of Consumer Information in Social Responsibility
Awareness of social responsibility evolves as society's notions of care and concern, of righteousness and justice expand. Introduction Mr. and Mrs. Neanderthal may not have had formalized codes of conduct, legal standards or production reports...
The Levels of First Mortgage and Second Mortgage Debt among Near-Retirees
Using data from the 2000 Health and Retirement Study (HRS), the main objectives of this study was to examine how do the levels of 1st mortgage and second mortgage debt differ among near-retiree households at different age levels (51-54, 55-59, and...
Unlocking the Risk-Based Pricing Puzzle: Five Keys to Cutting Credit Card Costs
The introduction of risk-based pricing has substantially changed the U.S. credit market. Although this "democratization" has provided credit to many underserved populations, these sophisticated pricing schemes leave many consumers wondering how to...