Handbook of Consumer Finance Research

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Jing J. Xiao
Springer Science & Business Media, Jan 3, 2008 - Psychology - 424 pages
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Debt consolidation; pension givebacks; Social Security under siege; bankruptcies and foreclosures; Americans’ financial lives are fraught with issues, challenges, and potential threats, in record numbers. The Handbook of Consumer Finance Research surveys the social aspects of consumer behavior, offering latest data and original research on current consumer needs as well as identifying emerging areas of research. This accessible volume (which can be read without advanced training in the field) starts with current concepts of risk tolerance, consumer socialization, and financial well-being, and moves on to salient data on specific settings and populations, including: Healthcare spending and retirement savings; Online shopping and e-banking; Family finances: marriage, parent/child communications, student spending; Financial concerns of special groups: minorities, seniors, the poor; Management issues of business-owning families; Consumer protection in fair lending.

Given the current climate of rising debt and negative savings, the Handbook is timely and instructive reading for educators, researchers, and policymakers who wish to develop or evaluate financial education programs, design research initiatives, and understand better how to help families with the economic problems of our times. It can also serve as a graduate text in economics, finance, consumer science, business, and family studies.

 

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The book is a brillant piece of work , providing tremendous insight into effects of demographics and pyschographic factors on consumer finance. It beautifully enfolds available work on behavioural aspects in consumer financing.
It not only defines variables as risk tolerance, financial wellness etc but give a discussion of techniques of measuring the same , and outcome of these variables on consumer finance.
Its a great book for researchers , financial services distributors and financial planners. It helps create new thought patterns and directions for researching. Reading the book the portfolio managers and financial planner will gain considerable understanding on the importance of pyschology in financial behaviour of individuals.
 

Contents

Risk Tolerance
3
Personal Financial Wellness 21
20
Retirement Savings
35
Applying Behavior Theories to Financial Behavior
69
Consumer Economic Socialization 83
82
Ebanking
105
Online Insurance 125
124
Online Shopping
136
Management Issues of BusinessOwning Families
239
Gender Differences in Investment Behavior 253
252
Financial Behavior of Hispanic Americans
271
Money Matters of African Americans
287
Financial Behaviors of Asian Americans
303
Consumer Financial Issues in Health Care 319
318
Marriage and Finance
337
Consumer Finance and ParentChild Communication
351

Financial Literacy of High School Students
163
Risky Credit Card Behavior of College Students 185
184
Financial Issues of Older Adults
209
Consumer Finances of LowIncome Families 223
222
Workplace Financial Education
375
Promoting Applied Research in Personal Finance
411
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About the author (2008)

Jing Jian Xiao, Ph.D., is Professor of Consumer Economics at the University of Rhode Island. This book was developd when he was the Take Charge America Professor and Director of the Take Charge America Institute for Consumer Financial Education and Research at the University of Arizona in 2005-07. He is the Editor-in-Chief of Journal of Family and Economic Issues and also serves on editorial boards of five other academic journals in consumer economics and finance. In addition, he is the Editor-in-Chief of a new book series, International Series on Consumer Science. Dr. Xiao earned his B.S. and M.S. in economics from Zhongnan University of Economics and Law, China and his Ph.D. in consumer economics from Oregon State University, USA.

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