Tahira K. Hira

Iowa State University | ISU · Department of Human Development and Family Studies

Women face a broad range of financial issues. These can be categorized as follows: (1) women’s financial literacy is lower than men’s, but women are aware of the deficit and are more likely to seek professional financial advice; (2) women’s investment behavior is influenced by emotional and behavioral factors that can benefit or hurt investment out...

Financial stability refers to having the ability to manage financial resources to meet family financial needs throughout one’s life cycle and through ups and downs of economy at large. Size, allocation, and composition of household’s financial resources play a critical role in achieving such financial stability. The composition of a household’s fin...

This paper explores racial/ethnical differences among investors ‘risk tolerance, confidence, and asset ownership. The data for this study is derived from a national telephone survey conducted at a regional Midwest university. The data collection began by purchasing 7,500 phone numbers from Survey Sampling International. Potential households were se...

Exploring the pedagogical approaches of four women's financial literacy education programs, this chapter provides an overview of trends and needs in financial education for women and offers pedagogical strategies for teaching women about finance.

This study investigates the role of financial socialization for investment orientation and household net worth. Combining consumer socialization literature with findings in the behavioural finance literature, survey data were analysed to (1) investigate the relationship among household net worth, financial socialization, indicators of investment or...

The current financial crisis has clearly shown that national financial health is strongly tied to the household financial well-being, and that most consumers were not well equipped with knowledge they needed to cope with this crisis. The failure of markets, institutions, businesses and households during the current financial crisis also revealed th...

The issue of financial well-being among college students has received increasing attention. The purpose of this study is to examine the relationships between personal and family backgrounds, academic ability, early childhood consumer experience, financial socialization, financial knowledge and perceived financial well-being of college students. Dat...

What causes men and women to behave differently in financial matters? Gender differences in financial decisions and behaviors have been well-documented in popular media and the managerial press. The academic literature supports the notion of gender differences in investing, pointing out that male investors tend to make the high-consequence financia...

Choosing how to best financial behavior for achieving financial goals is one of the most important decisions an individual can make. Unfortunately, this can be an especially challenging task given the current financial information and behavioral change analysis. The article focuses on: (i) psychological theories/models; (ii) sociological theories/m...

The purpose of this study was to investigate the impact of personal and family background, academic ability, and childhood consumer experiences on the financial literacy of college students in Malaysia. The sample comprised 2,519 students in 11 public and private colleges in Malaysia. Financial literacy was measured with a 25-item test of financial...

Employers continue to shift financial decision-making responsibility for em-ployee benefits to employees. This article examines employees' financial prac-tices, financial expertise, and levels of benefit participation and overall satis-faction. We show that there are significant differences in employees' financial practices and financial expertise...

In recent years, the need for financial education has gained the attention of a wide range of entities including banking companies, government agencies, grass-roots consumer and community interest groups, universities, schools, and other organizations. Numerous factors have led to a complex, specialized financial services marketplace that requires...

The purpose of this study is to investigate the relationships arnong knowledge, beliefs, and practices in the use of credit cards. Data were collected from 198 household money managers in a midwestem town during 1982. Those respon dents with high levels of credit card knowledge believe credit cards should be used more for installment reasons than c...

This article reports the titles of theses and dissertations completed in 1990 in colleges and universities throughout the United States. The 703 titles were re ported by 61 institutions from 35 states. These titles are listed by subject matter area and degree with the title, author, institution, and availability information following each entry. Th...

A family resource management framework was used to develop a model of relationships between socioeconomic variables, financial management practices, and satisfaction with preparation for financial emergencies. This study examined direct and indirect effects of socioeconomic charac teristics and mediating effects of financial management practices va...

This paper presents the results of an investigation into the determinants of retirement planning behaviour and differences among three age groups: 21- to 39-year-olds, 40- to 59-year-olds and those aged 60 years and older. A national survey of 911 individuals from households with incomes of $75 000 or greater was conducted in the US. The significan...

Few will disagree that information search is essential in making investment decisions, a high-consequence decision task. Yet, the sources of investor information have never been used as a segmentation base to study investment behavior. We analyze survey results of investors in the US using information search, demographic, psychological, and involve...

Twenty-nine scholars from public and private universities, non-profit organizations, and the federal government participated in a National Research Symposium on Financial Literacy and Education in October 2008 in Washington, DC. The purpose was to identify critical research questions that could inform outcomes-based financial education, relevant pu...

This study assesses the proportion of college students who gamble and the level of their gambling involvement (i.e. frequency, scope, expenditure). In addition, a better understanding is sought of why students gamble and the factors that contribute to their gambling behaviour. The data were collected in the autumn of 1996 from 797 undergraduate stu...

The objectives of this chapter are to identify significant personal and environmental factors that influence investment behavior and to specify the investment decision-making process, particularly with respect to female investors. It is expected that the results presented here will help readers to consider new approaches to investment education. Sp...

The purpose of this study are to identify and compare financial behavior and financial problems experienced by students; to conduct multivariate analysis of factors influencing financial behavior, and financial problems, and to explore the influence of financial literacy on financial behavior, and problems.

The purpose of this study is to identify and compare financial well-being among Malaysia’s college students; to conduct a multivariate analysis of factors influencing financial well-being, and explore the influence of financial literacy and behaviors on financial well-being.

One of the essential skills that people must acquire to function in our society is the ability to deal with money. This skill and the information necessary to use it are acquired mainly during childhood. There has been little research on when and how children acquire knowledge of money and the economic system in general or the degree to which famil...

The major objective of this study was to determine socio-economic and debt management factors causing debt problems among Scottish families. Data for this study were collected from the records of the debt counselling segment of the Citizens Advice Bureau in Glasgow, Scotland, during 1984–87. The final sample consisted of 404 cases selected at rando...

The purpose of this research is to describe the types and amounts of assets owned by households, and to determine socio-demographic variables and money management practices that influence the household's total asset ownership. The data used for this study are from a survey conducted during the winter of 1982. Definite patterns of financial asset ow...

The primary objectives of this study were to examine changes in credit card usage and the amount of debt between 1982 and 1986 and to identify factors influencing the amount of and changes in consumer debt held by households. Personal interviews were completed in 1982 and again in 1986 with the money managers of households in a small midwestern tow...

Data for this study were collected during 1988 through surveys conducted in Canada, Japan, Scotland and the United States. The overall objectives of the study were to determine differences in factors influencing decisions to file bankruptcy, expectations from bankruptcy and impact of bankruptcy filing on debtor's life in each country. It was found...

Background We previously found that an arginine-rich peptide derived from soybean beta-conglycinin stimulates cholecystokinin (CCK) secretion from the isolated rats mucosal cells of the small intestine and a cultured CCK-producing enteroendocrine cell line, STC-1. The aim of the present study was to clarify the stimulatory mechanisms for CCK secret...

This paper examines financial learning in the workplace through employer provided, self-directed financial learning media, such as newsletters, print publications, software, and the Internet. Indepen-dent variables of interest also include an employee's use of family, friends, and co-workers as financial planning sources. The paper addresses whethe...

Factors that explain the likelihood of completing a Chapter 13 repayment plan were identified. Using data from 489 Georgia participants who completed a 3-hour workshop, how factors differed for first-time and repeat filers were investigated. Results indicated that repeat filers were more likely than first-time filers to start an emergency fund, to...

Because employer-provided health coverage represents the main source of health insurance for Americans and its costs for employees are rising, accurate knowledge about health coverage would seem to be crucial for making sound decisions on choosing the plans that best meet the specific needs of a family. However, previous research suggests that most...

The present study examines the linkage between workplace financial education and workplace satisfaction. Data gathered from a national sample of employees of an insurance company favor the hypothesis that employees who participate in workplace financial education more fully understand personal finances and recognize how financial literacy impacts t...

This study analyzes the effect of self-directed financial learning using employer-provided financial newsletters, financial publications, financial planning software, and the Internet on financial management practices, financial satisfaction, and career satisfaction. The sample consists of lower- level, white-collar workers of a national insurance...

Sound financial planning and financial advice is necessary to achieve retirement income adequacy. The shift from defined benefit to defined contribution pension plans and the recent bankruptcy of Enron Corporation underscore the importance of managing retirement accumulation and liquidation risks. This study analyzes the effectiveness and adequacy...

Soybean β-conglycinin peptone (β-con) enhances satiety via cholecystokinin (CCK) secretion, and the β-conglycinin β-subunit 51-63 (β51-63, VRIRLLQRFNKRS) is responsible for this effect. The aim of the present study is to identify signaling pathway induced with β-con by using the enteroendocrine cell line, STC-1. We found that β-conglycinin peptone...

We previously demonstrated that a peptic hydrolysate of guanidinated casein strongly stimulates exocrine pancreatic secretion in chronic bile-pancreatic juice-diverted rats and cholecystokinin (CCK) release from dispersed rat intestinal mucosal cells. These results reveal that the chemically modified protein hydrolysate stimulates CCK secretion and...

Dietary proteins are recognized by the gastrointestinal tract to display physiological functions, however, the sensory mechanism of the intestinal mucosa is not known. We examined binding properties between the rat small intestinal brush-border membrane (BBM) and proteins by using a surface plasmon resonance biosensor. BBM and solubilized BBM prepa...

We determined whether pancreatic adaptation to a high-protein diet depends on ingested protein in the intestinal lumen and whether such adaptation depends on a CCK or capsaicin-sensitive vagal afferent pathway in pancreaticobiliary-diverted (PBD) rats. Feeding a high-casein (60%) diet but not a high-amino acid diet to PBD rats increased pancreatic...

Analysis of data from 443 graduating college seniors found many students: (1) unaware of their total loan indebtedness and payment obligations (both over- and under-estimating debt payments); (2) borrowed to support "a better lifestyle," and (3) were unable to estimate realistically their post-graduation earnings and ability to meet repayment oblig...

We have previously demonstrated that proteins could stimulate pancreatic secretion independently of luminal bile-pancreatic juice (BPJ) in a BPJ-diverted rat. To determine whether luminal protease-independent pancreatic secretion occurs in normal rats with BPJ returned to the upper small intestine, we investigated the pancreatic secretory response...

Di-D-fructose-2,6':6,2'-dianhydride (DFA IV) is a disaccharide consisting of two fructose residues that can be prepared from levan by levan fructotransferase from Arthrobacter nicotinovorans GS-9, and it can be expected to have novel physiological functions from its unique structure. In this study, the effects of DFA IV on calcium absorption and th...

We previously demonstrated that the feeding of guanidinated casein, whose lysine residues are converted to homoarginine, stimulates pancreatic secretion much higher than that of intact casein in chronic bile-pancreatic juice (BPJ)-diverted rats, which suggests that the guanidino group is involved in BPJ-independent enhancement of pancreatic secreti...

: The purpose of this paper is to extend the risk management paradigm to include the decision by individuals to use the Federal Bankruptcy Act to manage personal financial risks. Broadening risk management to include personal bankruptcy is consistent with the view that risk management is no longer an interdisciplinary discipline that has a singular...

The main purpose of this study was to identify differences in factors that predict financial satisfaction among retirees and non-retirees and to ascertain how retirees and non-retirees differ in financial beliefs and behavior. Non-retirees were more likely than otherwise similar retirees to report worrying about finances. A higher proportion of non...

We reported previously that dietary proteins stimulate pancreatic secretion by a mechanism not involved in masking trypsin activity in rats that have bile-pancreatic juice (BPJ) diverted from the proximal small intestine for 7 days. However, BPJ in the distal small intestine is possibly responsible for the stimulation of pancreatic secretion in chr...

One of the essential skills that people must acquire to function in our society is the ability to deal with money. This skill and the information necessary to use it are acquired mainly during childhood. There has been little research on when and how children acquire knowledge of money and the economic system in general or the degree to which famil...

The purpose of this study is to examine the relationships among selected socioeconomic variables — perceived locus of control, perceived income adequacy, and satisfaction with financial status. Results of the study indicate that age, household income, household net worth, perceived locus of control, and perceived income adequacy are significantly r...

Path analysis is used to examine the causal relationships among selected objective and subjective factors associated with a household's expectation of future financial condition. Results indicate that respondents who perceive the effect of changes in the external environment on their own household's financial condition as positive are younger, have...

This study is a contribution to the development of family resource management scales, specifically financial management scales. Principal axis factor analysis, with varimax rotation, is used to assess underlying relationships in 23 family resource management variables related to time and money resources. Reliability and content, construct, and crit...

This study investigates the determinants of chronic health conditions that worry the member of rural couples who serves as the household financial manager. A sample of 1,115 rural couples from the NC-182 regional research project Family Resource Utilization as a Factor in Determining Economic Well-Being of Rural Families is used. The logit analysis...

A study investigated (1) college students' perception of their knowledge and actual knowledge about their student loans (when first borrowed, interest rate, repayment terms) and (2) the relationship between sociodemographic characteristics (age, sex, marital status, ethnic background, residency, academic achievement, major, employment, loan history...

The purpose of the study reported here is to assess the causal relationship among communication, money management practices, satisfaction with financial status, and quality of life. The data used were collected in 1986 through personal interviews. The sample size is 123 interviewees, and the unit of analysis is the household's money manager. Result...

This study explores the impact of changes in family financial status over a four year period on level of satisfaction with various aspects of household finances. Data were collected through personal interviews with 123 families in 1982 and 1986. Information was obtained on household income, assets, liabilities, and on the satisfaction of the money...

The purpose of this study was to test hypotheses derived from the systems theory of family resource management in the area of family financial management. Money managers in 123 households in central Iowa were interviewed during fall 1986. A path analysis model based on multiple regression analyses was tested. The typical household money manager was...

A study of college students' money management knowledge examined student understanding of credit cards, insurance, personal loans, recordkeeping, and overall financial management. Student characteristics associated with differences in knowledge level were identifed. (MSE)