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.
Original language | English |
---|---|
Pages (from-to) | 3-11 |
Journal | Journal of Financial Counseling and Planning |
State | Published - Apr 2008 |