The De Gruyter Handbook of Personal Finance provides a robust review of the core topics comprising personal finance, including the primary models, approaches, and methodologies being used to study particular topics that comprise the field of personal finance today. The contributors include many of the world's leading personal finance researchers, financial service professionals, thought leaders, and leading contemporary figures conducting research in this area whose work has shaped-and continues to affect-the way that personal finance is conceptualized and practiced. The first section of the handbook provides a broad introduction to the discipline of personal finance. The following two sections are organized around the core elements of personal finance research and practice: saving, investing, asset management, and financial security. The fourth section introduces future research, practice, and policy directions. The handbook concludes with a discussion on an educational and research agenda for the future. This handbook will be a core reference work for researchers, financial service practitioners, educators, and policymakers and an excellent supplementary source of readings for those teaching undergraduate and graduate-level courses in personal finance, financial planning, consumer studies, and household finance.
Author(s): John E. Grable, Swarn Chatterjee
Series: De Gruyter Handbooks in Business, Economics and Finance
Publisher: De Gruyter
Year: 2022
Language: English
Pages: 653
City: Berlin
Contents
List of Contributors
Preface
Part I: Introduction to the Discipline of Personal Finance
1 Defining Personal Finance
2 Personal Finance: A Policy and Institutional Perspective
3 Personal Finance: A Practice Perspective
4 Personal Finance: An International Perspective
5 Theories of Personal Finance
Part II: Saving, Investing, and Asset Management
6 Budgeting and Cash Flow Management
7 Patterns of Asset Ownership
8 Approaches to Saving
9 Financial Risk Tolerance
10 Accounting for Time When Saving and Investing
11 Household Financial Ratios
12 Income, Income Transfers, and Taxes
13 The Use of Credit in the Consumer Marketplace
14 Debt and Mortgage Choices
15 Considerations when Planning for Retirement
16 Generating Income in Retirement Using Systematic Withdrawal Strategies with Investments
17 Small Business Ownership: Impact of the Lack of Transparency and Separation on Small Business Finances
18 Applying Investing Theory to Practice
Part III: Financial Security
19 The Role of Insurance as a Household Financial Management Tool
20 Health and Financial Well-Being
21 Household Debt Behavior
22 Financial Security: Protecting the Health of Consumers
23 Accounting for Retirement Asset Distributions during the Decumulation Stage of Life
24 The Evolution of Financial Services in the Digital Age
Part IV: Future Directions
25 Behavioral Economics and Financial Decision Making
26 The Role of Socialization in Shaping Personal Finance Attitudes and Behaviors
27 Measuring and Applying Financial Literacy
28 Money Psychology: Beliefs and Behaviors about Investing, Saving, and Spending
29 Financial and Relationship Satisfaction
30 The Growing Role of FinTech and Robo-advisors
31 The Use of Financial Advice: Consumers’ Financial Advice-Seeking
32 The Future of Payments: Cash, Cryptocurrencies, and Peer-to-Peer Payments
Part V: Summarization
33 Personal Finance Research: An Editor’s Perspective
34 The Future of Personal Finance: An Educational and Research Agenda
List of Figures
List of Tables
About the Editors
Index
