Financial risk tolerance is an important personal characteristic that is widely used by financial professionals to guide the development and presentation of client-centered recommendations. As more baby boomers enter retirement, research on how these individuals perceive their willingness to take financial risks has gained importance, particularly…

The black community is considered as an economy where the consumption and investment behavior of black families have no significant impact on the growth rate of family income. This is seen to be a problem. The thrust of the argument that follows is that in the absence of a closer relationship between aggregate black family consumption spending,…

This study examined the relationship between income and saving patterns in rural Puerto Rico. It was hypothesized that social and psychological variables are related to saving habits of families. The level of living as measured by a scale based on possessions was found to be significantly (.33) associated with the saving patterns of the family.…