Spousal Differences in Financial Risk Tolerance

9 Pages Posted: 4 Mar 2013

See all articles by John Gilliam

John Gilliam

Texas Tech University

Joseph W. Goetz

University of Georgia

Vickie Hampton

Texas Tech University - Applied and Professional Studies

Date Written: 2008

Abstract

Differences in husbands’ and wives’ tolerance for financial risk were analyzed, including an investigation of demographic variables previously found to be significant between men and women in predicting financial risk tolerance. The sample consisted of 110 couples who completed a web-based survey designed to measure the financial risk tolerance of both husbands and wives. Although a positive relationship between wives’ risk tolerance and their level of education was consistent with previous results that indicated individuals with higher levels of formal education tend to possess higher levels of risk tolerance, findings also indicated that wives’ higher level of education was associated with a lower tolerance for risk among husbands. Further research and practice recommendations regarding couples’ risk tolerance assessment are provided.

Keywords: risk tolerance, financial planning, investment risk

Suggested Citation

Gilliam, John and Goetz, Joseph W. and Hampton, Vickie, Spousal Differences in Financial Risk Tolerance (2008). Journal of Financial Counseling and Planning, Vol. 19, No. 1, 2008. Available at SSRN: https://ssrn.com/abstract=2228230

John Gilliam (Contact Author)

Texas Tech University ( email )

2500 Broadway
Lubbock, TX 79409
United States

Joseph W. Goetz

University of Georgia ( email )

Athens, GA 30602-6254
United States

Vickie Hampton

Texas Tech University - Applied and Professional Studies ( email )

United States

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