David W. Eccles (firstname.lastname@example.org) is a Professor at Durham University. Paul Ward (email@example.com) is a Professor at University of Greenwich. Elizabeth Goldsmith (firstname.lastname@example.org) is a Professor and Guler Arsal (email@example.com) is a Teaching Assistant, both at Florida State University. This publication was supported by a grant from the FINRA Investor Education Foundation, USA. All results, interpretations, and conclusions expressed are those of the authors alone, and do not necessarily represent the views of the FINRA Investor Education Foundation or any of its affiliated companies. No portion of this work may be reproduced, cited, or circulated without the express written permission of the authors. The authors would like to acknowledge the contribution made by Jeanne Hogarth of the Federal Reserve Board of Governors, USA, David Macpherson of Trinity University, USA, and anonymous reviewers of the Journal of Consumer Affairs.
The Relationship between Retirement Wealth and Householders' Lifetime Personal Financial and Investing Behaviors
Article first published online: 30 OCT 2013
Copyright 2013 by The American Council on Consumer Interests
Journal of Consumer Affairs
Volume 47, Issue 3, pages 432–464, Fall 2013
How to Cite
ECCLES, D. W., WARD, P., GOLDSMITH, E. and ARSAL, G. (2013), The Relationship between Retirement Wealth and Householders' Lifetime Personal Financial and Investing Behaviors. Journal of Consumer Affairs, 47: 432–464. doi: 10.1111/joca.12022
- Issue published online: 18 NOV 2013
- Article first published online: 30 OCT 2013
- Manuscript Accepted: 12 AUG 2013
- Manuscript Revised: 6 AUG 2013
- Manuscript Received: 12 APR 2013
- FINRA Investor Education Foundation, USA
While previous research indicates wide wealth dispersion at retirement within households with similar lifetime incomes, there have been few attempts to identify personal financial behaviors associated with retirement wealth in households matched for lifetime income. Householders with similar demographics and lifetime income but differing markedly in net worth near retirement were surveyed in terms of personal financial behaviors undertaken during their lifetime. Results revealed key differences between householders with low and high retirement wealth in their financial behaviors and how these were acquired.