Purpose The purpose of this literature review paper is to define consumer finance, describe
the scope of consumer finance and discuss its future research directions …

We examined the association between financial knowledge overconfidence and the
perception of emergency fund needs using the 2016 Survey of Consumer Finances (SCF) …

It has been well established in the literature that financial advice leads to informed decision‐
making and improved financial outcomes. However, there is limited evidence regarding the …

This study explores gender differences in financial knowledge overconfidence among older
adults using the 2016 Health and Retirement Study. We find that older females have …

Establishing a retirement goal facilitates one's long‐term financial planning behavior. Yet,
the portion of US households who achieve this goal is relatively small. Further, the …

Which spouse is more knowledgeable about the household's finances in mixed‐sex married
couple households? The answer to this question can be inferred from the Survey of …

The Survey of Consumer Finances (SCF) has included a 4-level risk tolerance measure
since 1983. In 2016, the SCF also included an 11-level risk tolerance measure. We compare …

Based on our analyses of Survey of Consumer Finances datasets, the proportion of
households owning a life insurance policy decreased from 72% in 1992 to 60% in 2016. We …

This study examined the factors related to attitude toward education debt. Based on the
conceptual framework of the multidimensional nature of attitude toward debt, empirical …

We examined the effect of self-control factors on saving behavior based on the behavioral
life cycle hypothesis, using the 2016 and 2019 Survey of Consumer Finances datasets. A …