Article2007

Household Savings Motives

Sharon A. DeVaney · Sophia T. Anong · STACY E. WHIRL

141 citations0/0 files storedJournal of Consumer Affairs

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Literacy, Pension, Retirement Analysis Decision-Making and Behavioral Economics Financial Literacy and Behavior

Abstract

This study proposed a hierarchy of savings motives and identified factors that influence the movement to higher levels of the hierarchy. Continuation ratio analysis utilizing data from the 2001 Survey of Consumer Finances shows the likelihood of advancing to higher levels of savings motives from the current level. Age, family size, and length of the planning horizon are important predictors for advancing from lower levels to higher levels in the proposed hierarchy. Implications are offered for public policy regarding education and programs.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 141 citations exist upstream.

References

1936The General Theory of Employment, Interest and Money.1936The General Theory of Employment, Interest and Money, by John Maynard Keynes 1957Theory of the Consumption Function 1950Income, Saving and the Theory of Consumer Behavior.1981An Economic Theory of Self-Control 1977An Economic Theory of Self-Control 1996Accounting for Tastes 1958A Theory of the Consumption Function

Cited by

2011Consumer Financial Behavior: An Interdisciplinary Review of Selected Theories and Research 2017To purchase or not? Why consumers make economically (non-)sustainable consumption choices 2010Which Households Think They Save?2017An investigation of the impact of financial literacy, risk attitude, and saving motives on the attenuation of mutual fund investors’ disposition bias 2018Personality and Saving Behavior Among Older Adults 2019Economic, Sociological, and Psychological Factors of the Saving Behavior: Turkey Case

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.