A further examination of financial help-seeking behavior

John E. Grable, So Hyun Joo

Research output: Contribution to journalArticlepeer-review

46 Scopus citations

Abstract

This study examines the factors associated with the choice of seeking help from a financial professional or non-professional. It was found, using data from a sample of faculty and staff, that those who sought help from professional sources tended to have higher levels of financial risk tolerance and exhibit better financial behaviors. To a lesser extent, being a homeowner and having a high level of financial satisfaction were also associated with seeking the help of financial professionals. The results presented in this paper are conditional on those who decided to seek financial help before they choose an alternative help source.

Original languageEnglish
Pages (from-to)55-74
Number of pages20
JournalJournal of Financial Counseling and Planning
Volume12
Issue number1
StatePublished - 2001

Keywords

  • Financial counseling
  • Financial planners
  • Help-seeking
  • Help-seeking framework

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