scholarly journals The Effects of Gender and Marital Status on Accrued Debt in Retirement Planning

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 242-242
Author(s):  
Zibei Chen ◽  
Karen Zurlo
Keyword(s):  
Marital Status ◽  
Financial Planning ◽  
Credit Card ◽  
Retirement Planning ◽  
Credit Card Debt ◽  
Financial Capability ◽  
Mortgage Debt ◽  
Negatively Associated ◽  
The Relationship ◽  
Current Marital Status

Abstract The effects of gender and marital status on accrued debt in retirement planning becomes an urgent concern because unmarried women face greater financial challenges in retirement than their counterparts. This study used data from the National Financial Capability Study (NFCS), designed by FINRA. We identified debt that influences retirement planning among a sample of pre-retirees, aged 51 to 61 years, and consider the associations of gender, marital status, debt, and retirement planning. Our results indicated that mortgage debt and credit card debt were negatively associated with retirement planning for women. Having a retirement account is positively associated with retirement planning and it also mediates the relationship between credit card debt and retirement planning. We urge women and financial planning executives to take time during the pre-retirement years to assess their various forms of debt and determine how it affects retirement planning objectives given current marital status.

scholarly journals THE ROLE OF SECURED AND UNSECURED DEBT IN RETIREMENT PLANNING AMONG PRE-RETIREES

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S382-S383
Author(s):  
Zibei Chen ◽  
Karen Zurlo
Keyword(s):  
Credit Card ◽  
Well Being ◽  
Retirement Planning ◽  
National Sample ◽  
Mediating Effect ◽  
Credit Card Debt ◽  
Mortgage Debt ◽  
Unsecured Debt ◽  
The Relationship

Abstract The retirement landscape is transformed by the shifting of risk and responsibility to individuals, who are increasingly responsible for their retirement security. Many factors lead to indebted and overleveraged American households. Specifically, nearly 40% of Americans approaching retirement are heavily indebted. Understanding the role of secured and unsecured debt in retirement planning becomes an urgent concern because debt is highly related to well-being in retirement among a growing number of older Americans. We focus on pre-retirees because these individuals have time to earn an income and plan ahead before they commit to a fully retired lifestyle. Utilizing data from the 2015 National Financial Capability Study, we identified the secured and unsecured debt that influences retirement planning among a national sample of pre-retirees, aged 51 to 61 years. Regression and mediation analyses were used to examine the relationship between debt and retirement planning and to identify the mediating effect of having a retirement account on the relationship between unsecured and secured debt and retirement planning. Our results indicated that mortgage debt and credit card debt were negatively associated with retirement planning. Having a retirement account is positively associated with retirement planning and it also mediates the relationship between credit card debt, specifically, and retirement planning. In conclusion, we urge individuals and financial planning executives to take time during the pre-retirement years to assess various forms of debt and determine how it is affecting their retirement planning objectives. And policy-makers should address the challenges faced by indebted pre-retirees.

Investing Behaviour of the IT Millennials with Respect to Retirement Planning

2019 ◽  
Vol 9 (8) ◽  
pp. 188-201
Author(s):  
Rashmy Moray ◽  
Vanishree Pabalkar ◽  
Nema Buch
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Predictive Model ◽  
Logistic Regression Analysis ◽  
Financial Planning ◽  
Representative Sample ◽  
Retirement Planning ◽  
Demographic Variables ◽  
It Industry ◽  
The Relationship

The objective of this study is to identify the demographic factors and behavioural biases affecting the financial planning of the Millennials. For this purpose the investing behaviour of the Millennials in the IT Industry as a representative sample with respect to retirement planning has been studied using the Retirement Wellness Score. Logistic regression analysis was performed to determine the likelihood of whether the Millennials are ready for retirement with the main aim of showing the relationship between the study variables. An attempt has been made to develop a predictive model that would help in determining the Millennials’ readiness for retirement given their demographic variables and dominant bias presence. This research contributes to developing an understanding of Millennials’ financial planning for retirement.

The Transactions Demand for Credit Cards

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
Kathleen W. Johnson
Keyword(s):  
Credit Card ◽  
Consumer Credit ◽  
Credit Cards ◽  
Credit Card Debt ◽  
Financial Vulnerability ◽  
Short Term ◽  
Payment Instruments ◽  
The Cost ◽  
The Relationship

Abstract I argue that the measure of credit card debt used by researchers has grown rapidly in part because it captures debt arising from transactions in which a credit card is used because of its advantages over other payment instruments. Increases in debt stemming from such use may not signal greater household financial vulnerability if households are willing and able to repay this short-term debt. However, it may suggest that the cost of using credit cards to pay for purchases has declined relative to other payment instruments. I conclude that had transactions demand remained at its real 1992 levels, rather than growing almost 15 percent per year, measured credit card debt would have grown a bit less than 1 percentage point slower per year between 1992 and 2001. Moreover, I show that removing transactions demand from aggregate consumer credit can alter conclusions about the relationship between credit and consumption.

scholarly journals The Relationship between Consumer Credit Card Debt and Immigrants in the UK: A Systematic Review

2020 ◽  
Vol 4 (2) ◽  
pp. 86-114
Author(s):  
Paul Thompson
Keyword(s):  
Consumer Behavior ◽  
Financial Literacy ◽  
Credit Card ◽  
Influential Factors ◽  
Unique Contribution ◽  
Credit Card Debt ◽  
Home Equity ◽  
Screening Process ◽  
The Uk ◽  
The Relationship

Purpose: This paper systematically reviews a reappraisal of the relationship between consumer behavior and credit card debt. Methodology: A thorough search was performed using scholarly databases including EBSCOHost, Google Scholar, Wiley Online Library, JStor, ProQuest, and Taylor & Francis. After a vigorously screening process, a total of 77 articles were accepted with the majority (96%) of articles published after 2012. Several consumer behavior factors were considered such as social factors, psychological factors, impulse buying, compulsive buying, optimism and pessimism, risk-seeking, mental health, age, income, education, immigrants, religion and financial literacy. Findings: Overall, influential factors that contribute to credit debt can be attributed to redlining and predatory lending by financial institutions. Racial inequalities have been shown to play a significant role in credit debt, especially in the UK. Unique contribution to theory, practice and policy: A major knowledge gap concerning immigrants exists and further provide insight on the role played by an individual’s ethnic group in the rate of home equity decline as well as the overall net wealth of a household, ultimately affecting their credit debt. It would be useful for policy-makers to examine the biased placed on credit debt and social-economic backgrounds.

scholarly journals Factors Affecting Fresh Graduate Bankruptcy at Young Age: The Case of Fresh Graduates in Kota Damansara

2017 ◽  
Vol 12 (12) ◽  
pp. 194
Author(s):  
Uma Murthy ◽  
Paul Anthony Mariadas
Keyword(s):  
Social Science ◽  
Multiple Regression ◽  
Financial Planning ◽  
Credit Card ◽  
Positive Relationship ◽  
Regression Method ◽  
Young Age ◽  
Factors Affecting ◽  
Multiple Regression Method ◽  
The Relationship

The paper studies the relationship between factors affect fresh graduate bankruptcy at young age and with credit card, bank policies, poor financial planning and attitude towards money. This study has also employed the multiple regression method to examine the studies to test the relationship and to test the hypothesis. Furthermore, the data was analyzed with the software known as Statistical package for Social Science, for short SPSS using 130 questionnaire. The results show indication that there is positive relationship between fresh graduate bankruptcy with credit card, bank policies, poor financial planning and attitude towards money.

scholarly journals Attitudes And Assets: An Investigation Of The Causes Of Personal Bankruptcy

2011 ◽  
Vol 3 (6) ◽  
Author(s):  
J. Roberto A. DeMagalhaes ◽  
Pamela Stokes
Keyword(s):  
Credit Card ◽  
Descriptive Study ◽  
South Texas ◽  
Credit Card Debt ◽  
Font Size ◽  
Personal Bankruptcy ◽  
Financial Problems ◽  
Financial Difficulties ◽  
Attitudinal Factors ◽  
The Relationship

<p class="MsoNormal" style="text-align: justify; margin: 0in 42pt 0pt 34.2pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">This descriptive study focuses on Chapter 13 bankruptcy filers in South Texas. Our survey asked respondents to identify the main reasons for the financial problems that lead to declaring bankruptcy. We also asked questions about certain attitudinal factors that may have contributed to their financial difficulties: what income they believed they needed to live comfortably, their opinions about credit card debt, and the relationship between money and happiness. Our study identifies issues that should be considered by creditors, legislators, professional advisors, and educators to help persons avoid bankruptcy.</span></span></p>

Effect of Parental Modernity on Rejection Sensitivity and Self-Esteem of Adolescents

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
Ritu ◽  
Madhu Anand
Keyword(s):  
Social Development ◽  
Rejection Sensitivity ◽  
Self Esteem ◽  
The Self ◽  
Negatively Associated ◽  
Individual Modernity ◽  
The Impact ◽  
The Relationship

Parental Modernity is an important aspect for the psycho-social development of the child. The present study aims to study the effect of parental modernity on rejection sensitivity and self-esteem of adolescents and the relationship between rejection sensitivity and self-esteem. The research is carried out on a sample of 240 parents (including 120 fathers and 120 mothers) and their 120 children. For observing the impact of modernity of parents on their children, Individual Modernity Scale was used and administered on father and mother. Rejection Sensitivity Questionnaire and Self-Esteem Inventory were used to measure the rejection sensitivity and self-esteem of children (age ranges from 14 to 19 years). The results suggest that parental modernity has an effect on the rejection sensitivity and personally perceived self of the self – esteem of adolescents. Furthermore, the rejection sensitivity has been found negatively associated with self-esteem.

Perceived Employability Moderates Burnout and Depression Among Bank Employees

2016 ◽  
Vol 44 (7) ◽  
pp. 1123-1132 ◽  
Author(s):  
Haishu Qiao ◽  
Yue Xia ◽  
Ying Li
Keyword(s):  
Mental Health ◽  
Structural Equation Modeling ◽  
Structural Equation ◽  
Moderating Effect ◽  
Equation Modeling ◽  
Hierarchical Regression ◽  
Negatively Associated ◽  
Perceived Employability ◽  
Bank Employees ◽  
The Relationship

Because bank employees have been found to be especially susceptible to burnout and depression, we explored the relationship between these variables, and examined the moderating effect of perceived employability on the burnout–depression relationship in a sample of Chinese bank employees. As we expected, burnout and perceived employability were, respectively, positively and negatively associated with depression. The results of hierarchical regression and structural equation modeling indicated that perceived employability moderated the relationship between burnout and depression; higher perceived employability was associated with a weaker relationship between burnout and depression. Interventions aimed at developing the perceived employability of Chinese bank employees may help to improve mental health in this group.

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