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Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
Tuesday, October 2 • 11:30am - 12:20pm
D3a - Disability Type, Financial Capability, and Risky Asset Holding

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Adults with disabilities are less wealthy and less financially capable than other adults in the U.S. but some of them still have potential for seeking long term financial planning services. The purpose of this study is to examine whether disability type and financial capability are associated with risky asset holding of adults with disabilities. Using data from the 2015 National Financial Capability Study, we find that adults with different types of disabilities have different chances of holding risky assets. Results of a bivariate logistical model show that, compared to people who are deaf, people who are blind or have difficulties in dressing and bathing are more likely, while people who have serious difficulty concentrating or  a work disability are less likely, to hold risky assets. After controlling for  other variables in the logistical model, people with work disability are still less likely to hold risky financial assets than the deaf.

Author(s): Jing Jian Xiao, Barbara O'Neill

Presenters
avatar for Jing Jian Xiao

Jing Jian Xiao

Professor and JFCP Editor, University of Rhode Island
Dr. Jing Jian Xiao is a consumer economics professor at University of Rhode Island. He is also the editor of Journal of Financial Counseling and Planning and the co-guest editor for the special issue on “Consumer Wellbeing in Asia” of Journal of Consumer Affairs.


Tuesday October 2, 2018 11:30am - 12:20pm
Michigan 1C

Attendees (2)