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Trends in Consumer Finance: Guest Editors’ Introduction

Trends in Consumer Finance: Guest Editors’ Introduction a b Gary R. Mottola and Olivia M. Valdes n 2009, the FINRA Investor Education Foundation provided input on the papers, and the authors were encour- commissioned the first national study examining the aged to submit their papers to JFCP for peer review. Five Ifinancial capability of adults in the United States, the papers were selected for inclusion in this special issue. National Financial Capability Study (NFCS). The NFCS is The selected papers cover a wide range of topics, includ- a large-scale, multi-year project administered every three ing financial access, student loans, healthcare consumption, years, with data available for 2009, 2012, 2015, 2018, and financial education, numeracy, and financial knowledge. 2021. The study has the overarching objective of gauging Americans’ financial capability through key indicators and • Chen and Friedline use a nuanced definition of evaluating how these vary with underlying demographic, banking status to better understand the size and behavioral, attitudinal, and financial knowledge character - scope of the unbanked/underbanked community istics. The NFCS continues to grow and evolve, with more in the U.S. and identify predictors of banking than a dozen reports and datasets currently available, includ- status. This paper was motivated, in part, by ing supplemental http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Counseling and Planning Springer Publishing

Trends in Consumer Finance: Guest Editors’ Introduction

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Publisher
Springer Publishing
Copyright
© 2022 Springer Publishing Company
ISSN
1052-3073
eISSN
1947-7910
DOI
10.1891/jfcp-2022-0034
Publisher site
See Article on Publisher Site

Abstract

a b Gary R. Mottola and Olivia M. Valdes n 2009, the FINRA Investor Education Foundation provided input on the papers, and the authors were encour- commissioned the first national study examining the aged to submit their papers to JFCP for peer review. Five Ifinancial capability of adults in the United States, the papers were selected for inclusion in this special issue. National Financial Capability Study (NFCS). The NFCS is The selected papers cover a wide range of topics, includ- a large-scale, multi-year project administered every three ing financial access, student loans, healthcare consumption, years, with data available for 2009, 2012, 2015, 2018, and financial education, numeracy, and financial knowledge. 2021. The study has the overarching objective of gauging Americans’ financial capability through key indicators and • Chen and Friedline use a nuanced definition of evaluating how these vary with underlying demographic, banking status to better understand the size and behavioral, attitudinal, and financial knowledge character - scope of the unbanked/underbanked community istics. The NFCS continues to grow and evolve, with more in the U.S. and identify predictors of banking than a dozen reports and datasets currently available, includ- status. This paper was motivated, in part, by ing supplemental

Journal

Journal of Financial Counseling and PlanningSpringer Publishing

Published: Jul 8, 2022

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