Effects of family income and life cycle stages on financial asset ownership

Document Type

Article

Date of Original Version

1-1-1996

Abstract

This study investigated the effects of income and life cycle variables on the ownership of eleven household held financial assets, using the 1989 Survey of Consumer Finance. Logistic regression indicated that life cycle variables, such as household head's age, marital status, employment status, and child's presence, influenced ownership of 11 financial assets. The results can be used to construct various family life cycle scenarios to improve educational and business programs in financial planning and counseling. © 1996, Association for Financial Counseling and Planning Education.

Publication Title, e.g., Journal

Journal of Financial Counseling and Planning

Volume

7

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