(Institute of Certified Financial Planners, 2000-02-01) Mugenda, Olive M.; Hira, T. K.
Research has demonstrated that there are differences in the way men and women perceive financial issues. This article provides a summary of one such study, and presents several findings and conclusions in the hope of giving financial advisors insight into gender-influenced factors that may explain clients' spending behaviors.
(Association for Financial Counseling and Planning Education, 1998) Mugenda, Olive M.; Hira, T. K.
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-retirees reported dissatisfaction with various aspects of their financial situation. However, non-retirees were more likely to perceive themselves as financially better off in comparison to others, or in relation to the past, than the retired respondents. Non-retirees were more optimistic about their future financial situation.