"Financial Ratios and Perceived Household Financial Satisfaction" by Scott Garrett and Russell N. James III
  •  
  •  
 

Keywords

financial planning, financial therapy

Abstract

This paper tests the relative strength of three objective measures of financial health (using the solvency, liquidity, and investment asset ratio) in predicting a household’s subjective feeling of current financial satisfaction. Using a sample of 6,923 respondents in the 2008 Health and Retirement Study this paper presents evidence of two main findings: 1) the solvency ratio is most strongly associated with financial satisfaction levels based on a cross-sectional design and 2) changes in the investment asset ratio are most strongly associated with changes in financial satisfaction over time.

Creative Commons License

Creative Commons Attribution-Noncommercial 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Plum Print visual indicator of research metrics
PlumX Metrics
  • Citations
    • Citation Indexes: 23
  • Usage
    • Downloads: 3426
    • Abstract Views: 1065
  • Captures
    • Readers: 75
see details

Share

COinS