Abstract

http://ssrn.com/abstract=31209
 
 

Citations



 


 



Saving And Financial Planning: Some Findings From A Focus Group


Arthur B. Kennickell


Federal Reserve Board - Department of Research & Statistics

Martha Starr


American University - Department of Economics

Annika E. Sundén


Stockholm University - Swedish Institute for Social Research (SOFI)



Abstract:     
This paper summarizes the results of a focus group on saving and financial planning. The group consisted of eight individuals with relatively high income and wealth. The savings behavior of such people is of interest partly due to their large contribution to total personal saving. The participants expressed concerns about how their circumstances will change as they age, and about uncertainties in income and health. While these concerns are consistent with theories emphasizing life-cycle and precautionary motives, the idea that saving involves self-control was also mentioned repeatedly.

JEL Classification: D91, E21

working papers series





Not Available For Download

Date posted: March 5, 1996  

Suggested Citation

Kennickell, Arthur B. and Starr, Martha and Sundén, Annika E., Saving And Financial Planning: Some Findings From A Focus Group. Available at SSRN: http://ssrn.com/abstract=31209 or http://dx.doi.org/10.2139/ssrn.31209

Contact Information

Arthur B. Kennickell
Federal Reserve Board - Department of Research & Statistics ( email )
20th & C. St., N.W.
Washington, DC 20551
United States
202-452-2247 (Phone)
202-452-5295 (Fax)
Martha Starr
American University - Department of Economics ( email )
4400 Massachusetts Avenue, N.W.
Washington, DC 20016-8029
United States
202-885-3747 (Phone)
Annika E. Sundén
Stockholm University - Swedish Institute for Social Research (SOFI) ( email )
Kyrkgatan 43B
SE-106 91 Stockholm
Sweden
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