appendix 1 workplace financial education pre-assessment ... · 1. personal illness 8. family money...
TRANSCRIPT
336
APPENDIX 1
Workplace Financial Education Pre-assessment Questionnaire
337
Personal Finance Employee EducationWorkplace Financial EducationPre-assessment Questionnaire ©
The following questions are about the previous workplace financial education seminar offered toassociates. Please circle the numbers that are appropriate for your situation.
1. Did you attend the American Express financial education seminar in 1997?1. Yes 2. No (Please skip to question 3)
2. What value would you place on that workplace financial education seminar?1. Nothing 4. $200 - $299 6. $500 - $5992. Less than $100 5. $300 - $399 7. More than $6003. $100 - $199 6. $400 - $499
3. If your employer paid for it, would you like to have a financial checkup from an outside financial planner?
1. Yes 2. No
4. Do you want your employer to offer additional financial education workshops?1. Yes 2. No (Please skip to question 5)
In which of the following financial education workshops would you participate. If available inthe future (please circle all of interest)?
1. Understanding benefits 9. Estate planning2. Retirement planning 10. Insurance planning3. Roth IRA’s 11. Managing credit4. Educational IRA’s 12. Buying a home5. Budgeting 13. Getting out of a debt6. Investing 14. Consumer protection laws7. Tax planning 15. Other: (Please describe) _____________8. College planning
The following questions are about your current financial attitudes. Please circle the numbersthat are appropriate for your situation.
A: Agree TA: Tend to Agree
TD: Tend to Disagree D: Disagree
5. I feel I have an adequate knowledge of personal finances A TA TD D 1 2 3 4
6. I feel that I have control over my personal finances A TA TD D 1 2 3 4
7. I am confident in managing money to achieve financial goals A TA TD D 1 2 3 4
8. I feel confident in making investment decisions A TA TD D 1 2 3 4
9. I do not mind taking risks when making investments A TA TD D 1 2 3 4
338
The following questions are about your financial behaviors that you have done during the pastyear. Please circle the numbers that are appropriate for your situation.
A: Agree TA: Tend to Agree
TD: Tend to Disagree D: Disagree
NA: Not Applicable
10. I have tried to determine how much I need to live comfortably A TA TD D NA in retirement 1 2 3 4 5
11. I started contributing to my employer’s 401(k) retirement plan A TA TD D NA 1 2 3 4 5
12. I increased the amount of my contribution to the 401(k) A TA TD D NA retirement plan 1 2 3 4 5
13. I changed my investment strategy by diversifying or being A TA TD D NA more aggressive in my choices of investments 1 2 3 4 5
14. I determined that I did NOT need to change the investments in A TA TD D NA in my 401(k) retirement plan 1 2 3 4 5
15. I updated my risk management (insurance) strategies A TA TD D NA 1 2 3 4 5
16. I updated my estate plan A TA TD D NA 1 2 3 4 5
17. I consulted with a financial advisor A TA TD D NA 1 2 3 4 5
18. I participated in the pre-tax dependent care programs A TA TD D NA 1 2 3 4 5
19. I participated in the pre-tax health care program A TA TD D NA 1 2 3 4 5
20. I changed the amount of life insurance purchased through A TA TD D NA my employer 1 2 3 4 5
21. I paid credit card bills in full to avoid financial charges A TA TD D NA 1 2 3 4 5
22. I reduced some of my personal debts A TA TD D NA1 2 3 4 5
These questions are about your financial knowledge. Please circle the correct answer to eachquestion.
23. Over last 30 years, which investment had the highest rate of return?1. Saving accounts 3. Stock mutual funds2. Certificates of deposit 4. Bonds mutual funds
24. For people who are in their thirties, how much of their retirement savings should be invested in stocks or stock mutual funds?
1. 70-80% 3. 10-20%2. 40-50% 4. None
339
25. When an investor diversifies his/her investments, does the risk of losing money?1. Usually increase 2. Usually decrease3. Stay about same
26. When interest rates go up, what happens to bond prices? Do they?1. Usually go up2. Usually go down3. Stay about same
These questions are about your personal financial management behaviors. Please circle theappropriate numbers. Your response will remain strictly confidential.
27. If you lost your job today, about how many months could you live using your savings?1. 0 months 4. 5 - 6 months 7. 11 - 12 months2. 1 - 2 months 5. 7 - 8 months 8. 13 - 24 months3. 3 - 4 months 6. 9 - 10 months 9. Over 24 months
28. About how much of your income, if any, do you contribute each month through work toward your retirement savings and investments, such as a 401(k) plan?1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. Not sure4. $ 201 - $ 300 8. $ 601 - $ 700
29. About how much money, if any, do you repay on your 401(k) retirement plan loans each month?
1. None, because I have NOT borrowed from my 401(k) retirement plan2. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,0005. $ 301 - $ 400 9. $ 701 - $ 800
30. About how much of your personal income, if any, do you put into savings and investment each month excluding your employer’s 401(k) retirement plan?
1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,000
340
Please answer the following questions about perceptions of your financial situation. Circle thenumbers that are appropriate for your situation.
31. On the stair steps of satisfaction with your financial situation, mark (with a circle) how satisfiedyou are with your present financial situation. Those who are NOT satisfied will be toward thelower steps. Those who ARE satisfied will be toward the higher steps.
Satisfied10
98
76
54
32
1
Dissatisfied32. How well off are you financially?
1 2 3 4 5
Feel like I am Feel like I am always in doing well financial trouble
33. How do you feel about your current financial situation?
1 2 3 4 5
I find it is hard I save more to pay bills than I spend
The following questions are about your financial satisfaction. Please circle the numbers that areappropriate for your situation.
A: AgreeTA: Tend to Agree
TD: Tend to Disagree D: Disagree
34. I am satisfied with my present financial situation A TA TD D1 2 3 4
35. My income is enough for me to meet my monthly living expenses A TA TD D1 2 3 4
36. I worry about how much money I owe A TA TD D1 2 3 4
37. I am satisfied with the amount of money that I am saving and A TA TD D investing for retirement 1 2 3
4
341
The following questions are necessary only for us to be able to describe the people whoresponded to our survey. Your response will remain strictly confidential.
38. How do you rate yourself in terms of how much work you accomplish?
1 2 3 4 5
Poor Average Excellent
39. How do you rate yourself in terms of the quality of your performance at work?
1 2 3 4 5
Poor Average Excellent
40. Describe your “performance rating” this past year from your boss.
1 2 3 4 5
Poor Average Excellent
41. People have many reasons for missing work, and most workers miss an occasional day once in a while. Over the past year, how many days were you absent (excluding vacation and holidays) from work for personal reasons?
1. None 4. 5 - 6 days 7. 11 - 12 days2. 1 - 2 days 5. 7 - 8 days 8. 13 or more days3. 3 - 4 days 6. 9 -10 days
42. What personal reasons caused you to be absent from work over the past year? Please circle all that apply to you.
1. Personal illness 8. Family money matters 2. Family illness 9. Personal business 3. Family responsibilities 10. Stressed out at work 4. Child care 11. Stressed out at home 5. Elder care 12. Stretched out a vacation 6. Accident or injury 13. Just to take a day off 7. Personal money matters 14. Other (Please describe): ____________________
43. We realize that people are sometimes distracted at work and unable to give all their attention totheir jobs. On how many days during the last month, were you totally unable to carry out yournormal work activities?
1. None 4. 3 days 7. 6 days 10. 9 days2. 1 day 5. 4 days 8. 7 days 11. 10 days3. 2 days 6. 5 days 9. 8 days 12. 11 or more days
44. On how many days during the last month, were you able to work and carry out your normalactivities, but had to cut down on what you did or did not get done as much as usual?
1. None 4. 3 days 7. 6 days 10. 9 days2. 1 day 5. 4 days 8. 7 days 11. 10 days3. 2 days 6. 5 days 9. 8 days 12. 11 or more days
342
45. Compared to people your age, how would you say your health is?
1 2 3 4 5
Worse About Better than average than others others
46. How often are you bothered by health problems (e.g., headaches, back pain)?
1 2 3 4 5
Very Sometimes Never often
47. How often has your physical health interfered with your work?
1 2 3 4 5
Very Sometimes Never often
48. How often has your emotional health interfered with your work?
1 2 3 4 5
Very Sometimes Never Often
The followings are questions about your work and your money matters. Please circle the numbersappropriate for your situation. Your responses will remain strictly confidential.
A: AgreeTA: Tend to Agree
TD: Tend to Disagree D: Disagree
49. Generally speaking, I am satisfied with my job A TA TD D1 2 3 4
50. I feel I am being paid a fair amount for the work I do A TA TD D1 2 3 4
51. Raises from my employer are too few and far between A TA TD D1 2 3 4
52. I feel unappreciated by my employer when I think about what A TA TD D I am paid 1 2 3 4
53. I feel satisfied with my chances for salary increases A TA TD D1 2 3 4
54. I am proud to be a member of this organization A TA TD D1 2 3 4
55. I would recommend this organization as one of the best places A TA TD D to work for 1 2 3 4
56. I find that my values and the organization’s values are A TA TD D very similar 1 2 3 4
343
57. I am willing to work harder than I have to in order to help A TA TD D this organization succeed 1 2 3 4
58. This organization inspires me the best in the way of A TA TD D job performance 1 2 3 4
59. For me, this is one of the best organizations for which to work A TA TD D1 2 3 4
60. I am loyal to this organization A TA TD D1 2 3 4
61. I intend to leave this organization A TA TD D1 2 3 4
62. I have had to put off doing things at work because of A TA TD D personal money matters 1 2 3 4
63. Money matters have kept me from getting work done on time A TA TD D at my job 1 2 3 4
64. Money matters interfere with my responsibilities at work such as A TA TD D accomplishing daily tasks and working overtime 1 2 3 4
65. Money matters interfered with my work-related activities A TA TD D1 2 3 4
66. Personal money matters interferes with my ability to perform A TA TD D job-related duties 1 2 3 4
67. Many people spend some time at work giving attention to personal and family challenges.This is often necessary and good. Over the past year at work, did you use work time to deal withany of the following. Please circle All those apply to you.
1. I talked with a co-worker(s) about money problems 2. I talked with a co-worker(s) about investments or retirement plans 3. I talked to Human Resources personnel about changing my fringe benefits 4. I searched for information on personal finances (e.g. magazines, Internet)
5. I reallocated the assets in my investment portfolio 6. I used personal finance computer software 7. I consulted with a financial planner 8. I have received telephone calls from creditors regarding overdue debts
9. I talked to a collection agency about past due payments10. I talked with a lender about consolidating debts11. I talked with a lender about a home equity loan or 2nd mortgage12. I spent time worrying about personal finances
13. I took time to handle personal financial matters14. I consulted with a lawyer regarding money problems15. I asked about obtaining a payroll advance16. I asked about borrowing from my 401(k) retirement plan
17. I consulted with a credit counselor18. I made calls to family or friends to discuss financial problems19. Other (Please describe): ______________________________
344
The following questions are necessary only for us to be able to describe the people who responded to oursurvey. Your responses will remain strictly confidential.
68. What is your gender?1. Male 2. Female
69. What is your current marital status (Select one)? 1. Never married
2. Not married but living with partner 3. First married
4. Separated/Divorced5. Remarried6. Widowed
70. What is the highest level of formal education you have completed?1. Some high school2. High school graduate3. Trade/vocational training4. Associate’s degree5. Some college6. Bachelor’ s degree7. Graduate or professional degree
71. What is your ethnicity?1. African American/Black
2. American Indian3. Asian American/Asian
4. Mexican American/Chicano5. Puerto Rican American6. White/Caucasian7. Other (Please describe): _______________________
72. What is your age in years? ____________
73. How many years have you been working for your employer?1. Less than 1 year 5. 7 - 8 years 9. 15 - 16 years2. 1 - 2 years 6. 9 - 10 years 10. 17 - 18 years3. 3 - 4 years 7. 11 - 12 years 11. 19 or more4. 5 - 6 years 8. 13 - 14 years
74. What is your household’s approximate total annual income, before taxes? 1. Less than $ 20,000 2. $ 20,001 - $ 30,000 3. $ 30,001 - $ 40,000 4. $ 40,001 - $ 50,000 5. $ 50,001 - $ 60,000 6. $ 60,001 - $ 70,000 7. $ 70,001 - $ 80,000 8. $ 80,001 - $ 90,000 9. $ 90,001 - $ 100,000
10. More than $ 100,00
345
75. How many people are supported financially by the household income? Indicate the number in each category. Number of people
______ Yourself (Check)______ Spouse (Check)______ Children younger than age 6 (Indicate the total number)______ Children age 6 to 12 (Indicate the total number)______ Children age 13 to 18 (Indicate the total number)______ Children 19 and older (Indicate the total number)______ Parent, grandparent, or other adult (Indicate the total number)
76. Please write your social security number here: __ __ __ - __ __ - __ __ __ __
You will be surveyed again later this summer, and this information will allow us to pair yourMarch survey with your June survey. In this way, we will be able to assess the degree ofimprovement in financial well-being following the workplace financial education seminars. Withoutit, there will be no way to pair your “before” and “after” workshop responses. Providing the numberis completely voluntary on your part, and we would like to assure you that the number will remain100% confidential.
Please return to PFEE using the enclosed return envelope.Thanks for your assistance.
Personal Finance Employee EducationVirginia Tech, 101 Wallace Hall
Blacksburg, VA 24061-0410Phone: (540)231-6677 Fax: (540)231-3250 E-mail: [email protected] http://www.chre.vt.edu/pfee
346
APPENDIX 2
Workplace Financial Education Post-assessment Questionnaire
347
Personal Finance Employee EducationWorkplace Financial EducationPost-assessment Questionnaire ©
The following questions are about the workplace financial education workshop. Please circle thenumbers that are appropriate for your situation.
1. Did you participate in the YYY workplace financial education in March 1999?1. No (Please go to Question 2)2. Yes (Go to Question 3)
2. Why did you not participate in the workplace financial education workshop that was offered byYYY.? (Please go to Question 6)
1. I was not aware of workshops offered2. The time conflicted with my schedule3. Education offered did not meet my current financial needs4. I already had enough information on personal finance5. I did not think that I needed financial education6. I get my financial education from other sources7. I was not interested in the information8. Other (Please explain): ______________________________
3. Why did you participate in the YYY workshop? Please circle all that apply.1. Because I got time off from work to attend2. Because I wanted to learn more about financial topics3. Because a co-worker recommended it4. Because I had financial difficulties5. Other (Please, describe): ______________________________
4. What dollar value would you place on the YYY workshop, if you were asked?1. Nothing 5. $60 - $79 9. $140 - $1592. Less than $20 6. $80 - $99 10. $160 - $1793. $20 - $39 7. $100 - $119 11. $180 - $1994. $40 - $59 8. $120 - $139 12. More than $200
5. What do you think is the most important thing you have gained from the workplace financial education provided by your employer? Please describe.
_________________________________________________________________
6. If your employer paid for it, would you like to have a financial checkup from an outside financial planner?
1. Yes 2. No
7. In which of the following financial education workshops would you participate, if available in the future (please circle all of interest)?
1. Understanding benefits 9. Estate planning2. Retirement planning 10. Insurance planning3. Roth IRA’s 11. Managing credit4. Educational IRA’s 12. Buying a home5. Budgeting 13. Getting out of a debt6. Investing 14. Consumer rights7. Tax planning 15. Other: (Please describe) _______________8. College planning
348
8. How knowledgeable are you about investing?
1 2 3 4 5 6 7
Beginner Expert
The following questions are about your financial attitudes since your participation in the YYYworkplace financial education. Please circle the numbers that are appropriate for yoursituation.
A: Agree TA: Tend to Agree TD: Tend to Disagree
D: Disagree
9. I feel I have an adequate knowledge of personal finances A TA TD D 1 2 3 4
10. I feel that I have control over my personal finances A TA TD D 1 2 3 4
11. I am confident in managing money to achieve my financial goals A TA TD D 1 2 3 4
12. I feel confident in making investment decisions A TA TD D 1 2 3 4
13. I do not mind taking risks when making investments A TA TD D 1 2 3 4
The following questions are about your financial behaviors since your participation in the YYYworkplace financial education. Please circle the numbers that are appropriate for yoursituation.
A: Agree TA: Tend to Agree TD: Tend to Disagree
D: Disagree NA: Not Applicable
14. I have tried to determine how much I will need to live A TA TD D NA comfortably in retirement 1 2 3 4 5
15. I started contributing to my employer’s 401(k) retirement plan A TA TD D NA1 2 3 4 5
16. I increased the amount of my contributions to the 401(k) A TA TD D NA retirement plan 1 2 3 4 5
17. I changed my investment strategy by diversifying or being A TA TD D NA more aggressive in my choices of investments 1 2 3 4 5
18. I did NOT change my investment strategy because I found that A TA TD D NA I did not need to 1 2 3 4 5
19. I updated my estate plan A TA TD D NA 1 2 3 4 5
20. I consulted with a financial advisor A TA TD D NA 1 2 3 4 5
Please skip to Question27, if you did not attendthe workplace financialeducation seminar.
Please skip to Question27, if you did not attendthe workplace financialeducation seminar.
Please skip to Question27, if you did not attendthe workplace financialeducation seminar.
349
21. I participated in the pre-tax dependent care program A TA TD D NA1 2 3 4 5
22. I participated in the pre-tax health care program A TA TD D NA1 2 3 4 5
23. I changed the amount of life insurance purchased through A TA TD D NA my employer 1 2 3 4 5
24. I paid credit card bills on time A TA TD D NA 1 2 3 4 5
25. I reduced some of my personal debts A TA TD D NA1 2 3 4 5
26. I increased my savings A TA TD D NA1 2 3 4 5
These questions are about your financial knowledge. Please circle the correct answer to eachquestion.
27. Over the last 30 years, which investment had the highest rate of return?1. Saving accounts 3. Stock mutual funds2. Certificates of deposit 4. Bonds mutual funds
28. For people who are in their thirties, how much of their retirement savings should be invested in stocks or stock mutual funds?
1. 70 - 80% 3. 10 - 20%2. 40 - 50% 4. None
29. When an investor diversifies his/her investments, does the risk of losing money in the portfolio?1. Usually increase 2. Usually decrease 3. Stay about same
30. When interest rates go up, what happens to bond prices? Do they?1. Usually increase 2. Usually decrease 3. Stay about same
31. If an average worker puts $1,000 a year into his/her employer’s pre-tax health account, about how much less in federal income taxes will the worker probably owe?
1. $75 3. $4502. $280 4. $600
32. If a worker in poor health buys additional life insurance through his/her employer, the cost will likely be
1. Higher than a policy purchased from an outside insurance company2. About the same as a policy purchased from an outside insurance company3. Lower than a policy purchased from an outside insurance company
33. Which of the following lenders probably charges the highest interest rate for a $500 consumer loan?
1. Consumer finance company 3. Local bank2. Credit union 4. Credit card issuer
34. Your credit card is lost. If your card was used to make unauthorized charges but you reported it, you are responsible for
1. All charges2. All charges made within 30 days3. All charges made within 60 days4. No more than $50 of unauthorized charges
350
35. The best use of credit is probably to enable you to1. Consume expensive products earlier 3. Obtain an education2. Obtain discounts 4. Consolidate debts
36. Which of the following is a wise choice when signing a credit contract?1. Buying credit life insurance 3. Buying credit unemployment insurance2. Buying credit disability insurance 4. None of these is a wise choice
37. Under the FTC door-to-door sales regulations, how long do consumers have to cancel a contract where their homes are put up as security?
1. 1 day 3. 5 days2. 3 days 4. 10 days
38. When you order by mail and if a delivery time is NOT specified, you can cancel the order if the product is NOT shipped to you in ________
1. 2 weeks 3. 6 weeks2. 4 weeks 4. 8 weeks
These questions are about your personal financial management behaviors. Please circle theappropriate numbers. Your responses will remain strictly confidential.
39. If you lost your job today, about how many months could you live using your savings?1. 0 months 4. 5 - 6 months 7. 11 - 12 months2. 1 - 2 months 5. 7 - 8 months 8. 13 - 24 months3. 3 - 4 months 6. 9 - 10 months 9. Over 24 months
40. About how much of your income, if any, do you contribute each month through work toward your retirement savings and investments, such as a 401(k) plan?1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Not sure
41. About how much money, if any, do you repay on your 401(k) retirement plan loans each month?
2. None, because I have NOT borrowed from my 401(k) retirement plan2. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,0005. $ 301 - $ 400 9. $ 701 - $ 800
42. About how much of your personal income, if any, do you put into savings and investments each month excluding your employer’s 401(k) retirement plan?
1. $ 0 5. $ 151 - $ 200 9. $ 351 - $ 4002. $ 1 - $ 50 6. $ 201 - $ 250 10. $ 401 - $ 4503. $ 51 - $ 100 7. $ 251 - $ 300 11. $ 451 - $ 5004. $ 101 - $ 150 8. $ 301 - $ 350 12. Above $ 500
43. When was the last time you changed the way the money in your portfolio is invested?1. I changed following attendance at the Capital strategy workshop2. 4 - 6 months 6. 16 - 18 months 10. 30 – 32 months3. 7 - 9 months 7. 19 - 21 months 11. 33 – 35 months4. 10 - 12 months 8. 22 - 24 months 12. More than 36 months5. 13 - 15 months 9. 25 - 27 months 13. I never re-balanced
351
44. How many times have you visited the financial services provider web site?1. I have never used it 4. 5 - 6 times 7. 11 - 12 times2. 1 - 2 times 5. 7 - 8 times 8. 13 - 14 times3. 3 - 4 times 6. 9 -10 times 9. More than 14 times
Please answer the following questions about perceptions of your financial situation. Circle thenumbers that are appropriate for your situation.
45. On the stair steps of satisfaction with your financial situation, mark (with a circle) how satisfiedyou are with your present financial situation. Those who are NOT satisfied will be toward thelower steps. Those who ARE satisfied will be toward the higher steps.
Satisfied10
98
76
54
32
1
Dissatisfied
46. How well off are you financially?
1 2 3 4 5
Feel like I am Feel like I am always in doing well financial trouble
47. How do you feel about your current financial situation?
1 2 3 4 5
I find it is hard I save more to pay bills than I spend
48. Compared to my situation 3 months ago, my income has1. Increased 2. Not changed 3. Decreased
49. Compared to my situation 3 months ago, my savings have1. Increased 2. Not changed 3. Decreased
50. Compared to my situation 3 months ago, my debt has1. Increased 2. Not changed 3. Decreased
352
The following questions are about your financial satisfaction. Please circle the numbers that areappropriate for your situation.
A: AgreeTA: Tend to Agree
TD: Tend to Disagree D: Disagree
51. I am satisfied with my present financial situation A TA TD D1 2 3 4
52. My income is enough for me to meet my monthly living expenses A TA TD D1 2 3 4
53. I worry about how much money I owe A TA TD D1 2 3 4
54. I am satisfied with the amount of money that I am saving and A TA TD D investing for retirement 1 2 3
4
The following questions are necessary only for us to be able to describe the people whoresponded to our survey. Your responses will remain strictly confidential. Please circle thenumbers that are appropriate for you.
55. How do you rate yourself in terms of how much work you accomplish?
1 2 3 4 5
Poor Average Excellent
56. How do you rate yourself in terms of the quality of your performance at work?
1 2 3 4 5
Poor Average Excellent
57. Describe your “performance rating” this past year from your boss.
1 2 3 4 5
Poor Average Excellent
58. People have many reasons for missing work, and most workers miss an occasional day once in a while. Over the past year, how many days were you absent (excluding vacation and holidays) from work for personal reasons?
1. None (Please skip to Question 60) 6. 9 -10 days2. 1 - 2 days 4. 5 - 6 days 7. 11 - 12 days3. 3 - 4 days 5. 7 - 8 days 8. 13 or more days
59. What personal reasons caused you to be absent from work over the past year? Please circle all that apply to you.
1. Personal illness 8. Personal money matters 2. Family illness 9. Family money matters 3. Family responsibilities 10. Personal business 4. Child care 11. Stressed out at work 5. Elder care 12. Stressed out at home 6. Funeral 13. Stretched out a vacation 7. Accident or injury 14. Just needed to take a day off
15. Other (Please describe): ____________________
353
60. We realize that people are sometimes distracted at work and unable to give all their attention to their jobs. On how many days during the last month, were you totally unable to carry out your normal work activities?
1. None 5. 4 days 9. 8 days2. 1 day 6. 5 days 10. 9 days3. 2 days 7. 6 days 11. 10 days4. 3 days 8. 7 days 12. 11 or more days
61. On how many days during the last month, were you able to work and carry out your normal activities, but had to cut down on what you did, or did not get done as much as usual?
1. None 5. 4 days 9. 8 days2. 1 day 6. 5 days 10. 9 days3. 2 days 7. 6 days 11. 10 days4. 3 days 8. 7 days 12. 11 or more days
62. Compared to people your age, would you say your health is?
1 2 3 4 5
Worse About Better than average than others others
63. How often are you bothered by health problems (e.g., headaches, back pain, etc)?
1 2 3 4 5
Very Sometimes Never often
64. How often has your physical health interfered with your work?
1 2 3 4 5
Very Sometimes Never often
65. How often has your emotional health interfered with your work?
1 2 3 4 5
Very Sometimes Never often
66. On an annual basis, how much do you think you pay out of your pocket for health care costs (including pre-tax health care programs or those not covered or reimbursed by your health insurance)?
1. $ 0 4. $301 - $500 7. More than $9002. Less than $100 5. $501 - $7003. $100 - $300 6. $701 - $900
67. Do you pay more or less for health care than others your age?1. More2. About the same3. Less
354
The following are questions about your work and your money matters. Please circle the numbersappropriate for your situation. Your responses will remain strictly confidential.
A: AgreeTA: Tend to Agree
TD: Tend to Disagree D: Disagree
68. Generally speaking, I am very satisfied with my job A TA TD D1 2 3 4
69. I feel I am being paid a fair amount for the work I do A TA TD D1 2 3 4
70. Raises from my employer are too few and far between A TA TD D1 2 3 4
71. I feel unappreciated by my employer when I think about what A TA TD D I am paid 1 2 3 4
72. I feel satisfied with my chances for salary increases A TA TD D1 2 3 4
73. I am proud to be a member of this organization A TA TD D1 2 3 4
74. I would recommend this organization to others as one of A TA TD D the best places to work 1 2 3 4
75. I find that my values and the organization’s values are A TA TD D very similar 1 2 3 4
76. I am willing to work harder than I have to in order to help A TA TD D this organization succeed 1 2 3 4
77. This organization inspires me to do my best in the way of A TA TD D job performance 1 2 3 4
78. For me, this is one of the best organizations for which to work A TA TD D1 2 3 4
79. I am very loyal to my employer A TA TD D1 2 3 4
80. I intend to leave my present employer A TA TD D1 2 3 4
81. I am comfortable going to my supervisor to talk about money A TA TD D issues 1 2 3 4
82. My supervisor is willing to help me when I have a routine A TA TD D financial concern 1 2 3 4
83. The workplace financial education program is important in A TA TD D my decision to continue working for my present employer 1 2 3 4
355
Over the past year at work, did you experience any of the following? Please circle the numbersthat apply to you.
84. I have had to put off doing things at work because of personal money matters
1 2 3 4 5 Very often Sometimes Never
85. Money matters have kept me from getting work done on time at my job
1 2 3 4 5 Very often Sometimes Never
86. Money matters interfere with my responsibilities at work such as accomplishing daily tasks and working overtime
1 2 3 4 5 Very often Sometimes Never
87. Money matters interfere with my work-related activities
1 2 3 4 5 Very often Sometimes Never
88. Personal money matters interfere with my ability to perform job-related duties
1 2 3 4 5 Very often Sometimes Never
356
89. Often people must spend time AT WORK doing things unrelated to their jobs. This is oftennecessary and good. How much time would you say you have spent on each of the followingtasks during the last month? In an average month? Please write the number of hours in theblanks below. If you didn’t engage in these activities, just put a 0 in the appropriate blank.
Last Month Avg Month (HOURS) (HOURS)
1. Talked with a co-worker(s) about money problems _______ _______ 2. Talked with a co-worker(s) about investments or retirement plans _______ _______ 3. Talked to Human Resources personnel about changing my _______ _______
fringe benefits 4. Searched for information on personal finances _______ _______
(e.g. magazines, Internet) 5. Reallocated the assets in my investment portfolio _______ _______
6. Used personal finance computer software _______ _______ 7. Consulted with a financial planner _______ _______ 8. Read or studied about money matters while at work _______ _______ 9. Received telephone calls from creditors regarding overdue debts _______ _______10. Talked to a collection agency about past due payments _______ _______
11. Talked with a lender about consolidating debts _______ _______12. Talked with a lender about financing a home _______ _______13. Spent time worrying about personal finances _______ _______14. Took time to handle personal financial matters _______ _______15. Consulted with a lawyer regarding money problems _______ _______
16. Asked about obtaining a payroll advance _______ _______17. Asked about borrowing from my 401(k) retirement plan _______ _______18. Consulted with a credit counselor _______ _______19. Talked to an EAP professional about personal financial matters _______ _______20. Made calls to family or friends to discuss financial problems _______ _______21. Other (Please describe): ______________________________ _______ _______
The following questions are necessary only for us to be able to describe the people who responded to oursurvey. Your responses will remain strictly confidential.
90. Are you?1. Male 2. Female
91. What is your current marital status (Select one)? 1. Never married 4. Separated/Divorced
2. Not married but living with partner 5. Remarried 3. First marriage 6. Widowed
92. What is the highest level of formal education you have completed?1. Some high school 5. Some college2. High school graduate 6. Bachelor’ s degree3. Trade/vocational training 7. Graduate or professional degree
4. Associate’s degree
357
93. What is your ethnicity?1. African American/Black 5. Puerto Rican American
2. Native American 6. White/Caucasian3. Asian American/Asian 7. Other (Please describe): ____________________4. Mexican American/Chicano
94. What is your age (in years)? ____________
95. How many years have you been working for your employer?1. Less than 1 year 5. 7 - 8 years 9. 15 - 16 years2. 1 - 2 years 6. 9 - 10 years 10. 17 - 18 years3. 3 - 4 years 7. 11 - 12 years 11. 19 or more 4. 5 - 6 years 8. 13 - 14 years
96. What is your personal annual income from your employer before taxes? 1. Less than $ 20,000 6. $ 60,001 - $ 70,000 2. $ 20,001 - $ 30,000 7. $ 70,001 - $ 80,000 3. $ 30,001 - $ 40,000 8. $ 80,001 - $ 90,000 4. $ 40,001 - $ 50,000 9. $ 90,001 - $ 100,000 5. $ 50,001 - $ 60,000 10. More than $ 100,000
97. What is your household’s approximate total annual income, before taxes? 1. Less than $ 20,000 6. $ 60,001 - $ 70,000 2. $ 20,001 - $ 30,000 7. $ 70,001 - $ 80,000 3. $ 30,001 - $ 40,000 8. $ 80,001 - $ 90,000 4. $ 40,001 - $ 50,000 9. $ 90,001 - $ 100,000 5. $ 50,001 - $ 60,000 10. More than $ 100,000
98. How many people are supported financially by your household's income? Indicate the number in each category. Number of people
______ Yourself (Check)______ Spouse (Check)______ Children younger than age 6 (Indicate the total number)______ Children age 6 to 12 (Indicate the total number)______ Children age 13 to 18 (Indicate the total number)______ Children 19 and older (Indicate the total number)______ Parent, grandparent, or other adult (Indicate the total number)
99. Please write the last four digits of your social security number here. __ __ __ __
This information will allow us to pair your March survey with your June survey. In this way, we will be able to assess the degree of improvement in financial well-being following the workplace financial education seminar. Providing the number is completely voluntary on your part, and we would like to assure you that the number will remain 100% confidential.
100. If you would like to participate in a free drawing for $200 in cash, please give your name and mailing address on the enclosed card, so you can be notified if you are the winner of $200. The cash prize will be awarded in late summer.
Please return to PFEE using the enclosed return envelope.Thanks for your assistance.
National Institute for Personal Finance Employee EducationVirginia Tech, 101 Wallace Hall
Blacksburg, VA 24061-0410Phone: (540)231-6677 Fax: (540)231-3250 E-mail: [email protected] http://www.chre.vt.edu/pfee
358
APPENDIX 3
Cover Letter for The First Mailing
359
WORKPLACE FINANCIAL EDUCATION RESEARCH
Dear XXX associate:
We need your assistance with a research study! XXX Insurance Companies has approvedthis research and authorized us to send it to all their employees. The purposes are (1) toidentify the relationship between workplace financial education and employee personalfinances, and (2) to describe the relationship between employee personal financial wellnessand work outcomes.
We truly value your responses. Your answers will help improve the workplace financialeducation for XXX associates. It is very important that all XXX associates complete andreturn the questionnaire. Please be assured that
• Your participation is voluntary.• Your responses will remain strictly confidential. The questionnaire has no
identification number. Your name will never be associated with either the responsesor the results. To further assure confidentiality, the questionnaires are to be returned toPFEE, not XXX.
• The survey takes about 15 minutes to complete.
Also, by answering the attached questionnaire you may request that your name beentered into a drawing for $200 in cash!
By completing this questionnaire and returning it, you acknowledge your voluntaryagreement to participate in this study, and you give consent for the results to be used indata analysis. The findings from this research study will be useful in designing futurefinancial education workshops for XXX associates.
Thank you for your assistance. If you have any questions, please feel free to call us at(540) 231-6677.
Sincerely,
J. Kim, P. Camp, and E. T. Garman
360
APPENDIX 4
Post Card Follow Up
361
WORKPLACE FINANCIAL EDUCATION RESEARCH
Dear XXX associate:
Last week a questionnaire was mailed to you.
If you have already completed and returned it to us, please accept our sincere thanks. Ifnot, please do so today. It is extremely important that all XXX associates complete andreturn the questionnaire. By including your views in the study, you can help improve theworkplace financial education for XXX associates.
If you did not receive the questionnaire, or it got misplaced, please call today (540-231-6677) or e-mail us ([email protected]) and another one will be sent to you. If you entered the$200 free drawing and you are the winner, the cash prize will be awarded in late summer.The winner also will be announced on XXX Bulletin Board and the PFEE Web Site(http://www.chre.vt.edu/pfee).
Sincerely,
J. Kim, P. Camp, and E. T. Garman
362
APPENDIX 5
Cover Letter for the Second Mailing
363
WORKPLACE FINANCIAL EDUCATION RESEARCH
Dear XXX associate:
About three weeks ago we wrote to you seeking information on workplace financialeducation and retirement planning. Enclosed is a duplicate of the survey questionnaire thatyou received earlier. If you have already completed and returned the survey, we appreciateyour efforts, and you can discard the enclosed questionnaire.
If you completed the survey and did not return it, please put the questionnaire in theenclosed pre-stamped envelope. The questionnaires are the same; therefore, you do notneed to answer the same questionnaire twice. If you have not yet completed the survey,please take a few moments to complete the enclosed questionnaire.
We truly value your responses. Your answers will help improve the workplace financialeducation for XXX associates. It is very important that all XXX associates complete andreturn the questionnaire. Please be assured that
• Your participation is voluntary.• Your responses will remain strictly confidential. The questionnaire has no
identification number. Your name will never be associated with either the responsesor the results. To further assure confidentiality, the questionnaires are to be returned toPFEE, not XXX.
• The survey takes about 15 minutes to complete.
Also, by answering the attached questionnaire you may request that your name beentered into a drawing for $200 in cash!
By completing this questionnaire and returning it, you acknowledge your voluntaryagreement to participate in this study, and you give consent for the results to be used indata analysis. The findings from this research study will be useful in designing futurefinancial education workshops for XXX associates.
Thank you for your assistance. If you have any questions, please feel free to call us at(540) 231-6677.
Sincerely,
J. Kim, P. Camp, and E. T. Garman
364
APPENDIX 6
Cover Letter from the Employer
365
To: All Associates
From: Luke McGlynn
Date: March 8, 1999
Subject: Personal Financial Survey and Financial Education Meetings
During the last week of February, you should have received a personal financial survey from Virginia Tech
University. Although participation in this survey is voluntary, we would like to remind you to complete the
form and return it in the envelope provided to you as soon as possible.
There had been some concerns about giving your social security number on the survey. If you would prefer,
please feel free to use your employee number instead. Just remember that whatever number you use for the
first survey, you will need to use for the follow-up survey.
In exchange for the information being provided by our associates, you will also have the opportunity to
participate in financial education to be provided by YYY. These meetings have already been arranged at all
office locations. You should come away from these meetings being able to make more informed decisions
about managing your participation in retirement plans, fringe benefits, personal credit and money
management, and your consumer protection rights.
For those associates that work out of your homes, we will videotape the Home Office session. You will be
able to add your name to a routing list. As soon as possible, she will forward on. If you work in the Home
Office or one of the State Offices and will not be in the office when the meetings are being held, a videotape
will be available to check out on an individual basis, however, the greatest benefit would be for you to attend
one of the meetings.
If you did not receive your survey or misplaced it, please let us know and we can make certain you get
another copy.
Again, please make every effort to complete and return this survey and to participate in the educational
meetings.
366
APPENDIX 7
Workplace Financial Education Workshops by the Outside Financial Education Provider
367
I. IntroductionA. Who we areB. Why we are hereC. Goal is to gain some “Know What” and “Know How” in order to…
1. Have more confidence2. Make better decisions3. Improve financial health
(a) Slide: Goals for the workshop
II. What is Retirement?A. Only about one-quarter of your life!
(a) Slide: “The average American Spends eighteen years inretirement” source: American Savings Education Council (ASEC)
B. (Participation list)
III. Don’t Tell Me Why I Need To Save, Tell Me How!A. “Why” messages you know by heart – a review
1. Why save for retirement i. For example, “Social Security will not be enough, yada, yada…” ii. (Participation list) iii. Where’s the money going to come from
(a) Slide: Sources of Income2. Why start early
(a) Slide: Power of Compounding3. Why worry about income taxes
(a) Returns Before and After Taxes (b) Slide: Benefits of Deferring Taxes
4. Why diversity (a) Slide: Diversified Portfolios and Bear Markets
5. Why use the 401(k) plan (a) Slide: Advantages of 401(k) Investing
6. Why Contribute enough to get the match (a) Slide: Employer Match: Maximizing Your Wealth
B. The Key of “Know What” Unlocks the Secret of “Know How”1. Know what you earn and what you spend2. Know what you own and what you owe3. Know how much retirement is going to cost4. Know how much you need to save5. Know how to invest it one it is saved
(a) Slide: Keys and Secrets
368
C. IDEAL Money Machine1. Income2. Deduction3. Expense4. Assets5. Liabilities
(a) Slide: IDEAL(b) Worksheet: Incomes and Expenses(c) Worksheet: Assets and Liabilities(d) Slide: What you earn(e) Slide: What you spend(f) Slide: What you own(g) Slide: What you owe
IV. How much will retirement costA. Depends, how much income do you want
(a) Slide: “There are lies, damned lies, and statistics” – MarkTwain(b) Slide: Americans, on average, need 65% to 70% of theirworking income to maintain their standard of living duringretirement - ubiquitous
B. Reality Check(a) Slide: Expenses that “may” go down(b) Slide: Expenses that will go up
C. How much of a bank roll will you need when the day comes1. Straight Multiplication
(a) Slide: Multiplication example2. BALL PARK E$TIMATE TM Worksheet
(a) Slide: BALL PARK E$TIMATE TM example3. Why the Difference
(a) Slide: Why? The time value of moneyV. How much do you need to be saving along the way – The Lottery : Cash Option orPayments?
(a) Slide: How the lottery figures the amount of the “CashOption”
(b) Worksheet: Time Value tablesA. Present Value of a Dollar
(a) Slide: PV of $1 exampleB. Future Value of a Dollar
(a) Slide: PV of $1 exampleC. Present Value of a Series of Payment
(a) Slide: PV of Payments example – The LotteryD. Future Value of a Series of Payment
(a) Slide: FV of Payment example – Your Retirement:Calculating Your Own Jackpot
369
VI. What you need to know about investingA. What’s an “Asset Class”
(a) Slide: Asset ClassesB. Return on Investment
(a) Slide: “I’m not worried about the return on myinvestment. I’m more interested in the return of myinvestment.” – Will Rogers
(b) Slide: Asset Class Returns(c) Slide: Stocks, Bonds, Bills, and Inflation 1977-1997
D. Risk1. Definitions of “Risk”
a) Market – price of a stockb) Interest Rate – value of a bondc) Inflation – cost of stashing cash in the mattress
(a) Slide: Definitions of Risk(b) Slide: Risk Tolerance Spectrum(c) Worksheet: Risk Tolerance Quiz
2. Instead, think of it as Volatility3. Time reduces Volatility
(a) Slide: Reduction of Risk Over TimeVII Asset Allocation
A. Asset Classes Perform and react differently(a) Slide: Stocks, Bonds, Bills, and Inflation 1977-1997
B. Your “recipe” determines your results(a) Slide: Stocks and Bonds: Risk versus Return
C. Matching your tolerance to your portfolio(a) Slide: Diversify to Reduce Risk or Increase Return
VIII. ResourcesA. Review of the Manulife Web Site
(a) Slide: Screen shot of Manulife Web SiteB. Other links of interest
(a) Slide: Listing of other web sitesC. Independent and Not-for-Profit Organizations and Associations
(a) Worksheet: Names, Addresses, Telephone Numbers, andWeb Sites
IX. Summary
370
APPENDIX 8
Coding Scheme for the Pre-assessment Questionnaire
371
QuestionNumber
VariableName
Variable Label Value Value Label
1 V1 Attendance of financialeducation
12
YesNo
2 V2 Value of the financialeducation
12345678
NothingLess than $100$100-$199$200-$299$300-$399$400-$499$500-$599More than $600
3 V3 Desire for having a financialcheckup
12
YesNo
4 V4 Desire for additionalfinancial educationworkshops
12
YesNo
V4.1 Understanding benefits 10
YesNo
V4.2 Retirement planning 10
YesNo
V4.3 Roth IRA’s 10
YesNo
V4.4 Educational IRA’s 10
YesNo
V4.5 Budgeting 10
YesNo
V4.6 Investing 10
YesNo
V4.7 Tax planning 10
YesNo
V4.8 College planning 10
YesNo
V4.9 Estate planning 10
YesNo
V4.10 Insurance planning 10
YesNo
V4.11 Managing credit 10
YesNo
V4.12 Buying a home 10
YesNo
V4.13 Getting out of a debt 10
YesNo
V4.14 Consumer protection laws 10
YesNo
372
QuestionNumber
VariableName
Variable Label Value Value Label
5 V5 Financial attitude 1 1234
DisagreeTend to disagreeTend to agreeAgree
6 V6 Financial attitude 2 1234
DisagreeTend to disagreeTend to agreeAgree
7 V7 Financial attitude 3 1234
DisagreeTend to disagreeTend to agreeAgree
8 V8 Financial attitude 4 1234
DisagreeTend to disagreeTend to agreeAgree
9 V9 Financial attitude 5 1234
DisagreeTend to disagreeTend to agreeAgree
10 V10 Financial behavior 1 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
11 V11 Financial behavior 2 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
12 V12 Financial behavior 3 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
13 V13 Financial behavior 4 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
373
QuestionNumber
VariableName
Variable Label Value Value Label
14 V14 Financial behavior 5 12345
AgreeTend to agreeTend to disagreeDisagreeNot applicable
15 V15 Financial behavior 6 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
16 V16 Financial behavior 7 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
17 V17 Financial behavior 8 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
18 V18 Financial behavior 9 12345
DisagreeTend to disagreeTend to agreeAgreeDisagreeNot applicable
19 V19 Financial behavior 10 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
20 V20 Financial behavior 11 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
21 V21 Financial behavior 12 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
374
QuestionNumber
VariableName
Variable Label Value Value Label
22 V22 Financial behavior 13 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
23 V23 Financial knowledge 1 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “1”)4 (Recoded as “0”)
24 V24 Financial knowledge 2 1234
1 (Recoded as “1”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “0”)
25 V25 Financial knowledge 3 123
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)
26 V26 Financial knowledge 4 123
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)
27 V27 Objective financial well-being 1
123456789
0 months1-2 months3-4 months5-6 months7-8 months9-10 months11-12 months13-24 monthsOver 24 months
28 V28 Objective financial well-being 2
1234567891011
$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Not sure
375
QuestionNumber
VariableName
Variable Label Value Value Label
29 V29 Objective financial well-being 3
1234567891011
None$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000
30 V30 Objective financial well-being 4
1234567891011
$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000
31 V31 Overall financial well-being1
1-10 Dissatisfied-Satisfied
32 V32 Overall financial well-being2
1-5 Feel like I am infinancial trouble- Feellike I am doing well
33 V33 Overall financial well-being2
1-5 I find it is hard to paybills- I save more than Ispend
34 V34 Financial satisfaction 1 1234
DisagreeTend to disagreeTend to agreeAgree
35 V35 Financial satisfaction 2 1234
DisagreeTend to disagreeTend to agreeAgree
36 V36 Financial satisfaction 3 1234
DisagreeTend to disagreeTend to agreeAgree
376
QuestionNumber
VariableName
Variable Label Value Value Label
37 V37 Financial satisfaction 4 1234
DisagreeTend to disagreeTend to agreeAgree
38 V38 Productivity-quantity 1-5 Poor-Excellent39 V39 Productivity-quality 1-5 Poor-Excellent40 V40 Performance rating 1-5 Poor-Excellent41 V41 Absence 1
2345678
None1-2days3-4 days5-6 days7-8 days9-10 days11-12 days13 or more days
42 V42.1 Personal illness 01
NoYes
42.2 V42.2 Family illness 01
NoYes
42.3 V42.3 Family responsibilities 01
NoYes
42.4 V42.4 Child care 01
NoYes
42.5 V42.5 Elder care 01
NoYes
42.6 V42.6 Accident or injury 01
NoYes
42.7 V42.7 Personal money matters 01
NoYes
42.8 V42.8 Family money matters 01
NoYes
42.9 V42.9 Personal business 01
NoYes
42.10 V42.10 Stressed out at work 01
NoYes
42.11 V42.11 Stressed out at home 01
NoYes
42.12 V42.12 Stretched out a vacation 01
NoYes
42.13 V42.13 Just take a day off 01
NoYes
377
QuestionNumber
VariableName
Variable Label Value Value Label
43 V43 Totally unable to work 123456789101112
None1 day2 days3 days4 days5 days6 days7 days8 days9 days10 days11 or more days
44 V44 Cut down work 123456789101112
None1 day2 days3 days4 days5 days6 days7 days8 days9 days10 days11 or more days
45 V45 Health status 1-5 Worse than others-Better than others
46 V46 Bothered by health problems 1-5 Very often-Never47 V47 Bothered by physical health 1-5 Very often-Never48 V48 Bothered by mental health 1-5 Very often-Never49 V49 Job satisfaction 1
234
DisagreeTend to disagreeTend to agreeAgree
50 V50 Pay satisfaction 1 1234
DisagreeTend to disagreeTend to agreeAgree
51 V51 Pay satisfaction 2 1234
AgreeTend to agreeTend to disagreeDisagree
378
QuestionNumber
VariableName
Variable Label Value Value Label
52 V52 Pay satisfaction 3 1234
AgreeTend to agreeTend to disagreeDisagree
53 V53 Pay satisfaction 4 1234
DisagreeTend to disagreeTend to agreeAgree
54 V54 Organizational commitment1
1234
DisagreeTend to disagreeTend to agreeAgree
55 V55 Organizational commitment2
1234
DisagreeTend to disagreeTend to agreeAgree
56 V56 Organizational commitment3
1234
DisagreeTend to disagreeTend to agreeAgree
57 V57 Organizational commitment4
1234
DisagreeTend to disagreeTend to agreeAgree
58 V58 Organizational commitment5
1234
DisagreeTend to disagreeTend to agreeAgree
59 V59 Organizational commitment6
1234
DisagreeTend to disagreeTend to agreeAgree
60 V60 Loyalty 1234
DisagreeTend to disagreeTend to agreeAgree
61 V61 Intention to leave 1234
DisagreeTend to disagreeTend to agreeAgree
62 V62 Personal finance-workconflict 1
1234
DisagreeTend to disagreeTend to agreeAgree
379
QuestionNumber
VariableName
Variable Label Value Value Label
63 V63 Personal finance-workconflict 2
1234
DisagreeTend to disagreeTend to agreeAgree
64 V64 Personal finance-workconflict 3
1234
DisagreeTend to disagreeTend to agreeAgree
65 V65 Personal finance-workconflict 4
1234
DisagreeTend to disagreeTend to agreeAgree
66 V66 Personal finance-workconflict 5
1234
DisagreeTend to disagreeTend to agreeAgree
67.1-67.18
V67.1-V67.18
Work time use 1-Work time use 18
01
NoYes
68 V68 Gender 12
MaleFemale
69 V69 Marital status 12
3456
Never marriedNot married but livingwith partnerFirst marriageSeparated/DivorcedRemarriedWidowed
70 V70 Education 1234567
Some high schoolHigh school graduateTrade/vocationaltrainingAssociate’s degreeSome collegeBachelor’s degreeGraduate orprofessional degree
380
QuestionNumber
VariableName
Variable Label Value Value Label
71 V71 Ethnicity 1234567
AfricanAmerican/blackAmerican IndianAsian American/AsianMexicanAmerican/ChicanoPuerto Rican AmericanWhite CaucasianOther
72 V72 Age73 V73 Work years 1
234567891011
Less than 1 year1-2 years3-4 years5-6 years7-8 years9-10 years11-12 years13-14 years15-16 years17-18 years19 or more
74 V74 Annual household income 12345678910
Less than $20,000$20,001-$30,000$30,001-$40,000$40,001-$50,000$50,001-$60,000$60,001-$70,000$70,001-$80,000$80,001-$90,000$90,001-$100,000More than $100,000
75.1 V75.1 Self 175.2 V75.2 Spouse 175.3 V75.3 Children younger than age 6 Number75.4 V75.4 Children age 13-18 Number75.5 V75.5 Children age 13-18 Number75.6 V75.6 Children age 19 and older Number75.7 V75.7 Parent, grandparent, or other
adultNumber
76 V76 Last four digits of SocialSecurity Number
Number
381
APPENDIX 9
Coding Scheme for the Post-assessment Questionnaire
382
QuestionNumber
VariableName
Variable Label Value Value Label
1 V1 Attendance of financialeducation
12
YesNo
2 V2 Reasons for non-participation
1234567
1234567
3 V3 Reasons for participation 1234
1234
4 V4 Value of the financialeducation
123456789101112
NothingLess than $20$20-$39$40-$59$60-$79$80-$99$100-$119$120-$139$140-$159$160-$179$180-$199More than $200
5 V5 The most important gainfrom the workplace financialeducation
Open-ended question(not coded)
6 V6 Desire for having a financialcheckup
12
YesNo
7 V7.1 Understanding benefits 10
YesNo
V7.2 Retirement planning 10
YesNo
V7.3 Roth IRA’s 10
YesNo
V7.4 Educational IRA’s 10
YesNo
V7.5 Budgeting 10
YesNo
V7.6 Investing 10
YesNo
383
QuestionNumber
VariableName
Variable Label Value Value Label
V7.7 Tax planning 10
YesNo
V7.8 College planning 10
YesNo
V7.9 Estate planning 10
YesNo
V7.10 Insurance planning 10
YesNo
V7.11 Managing credit 10
YesNo
V7.12 Buying a home 10
YesNo
V7.13 Getting out of a debt 10
YesNo
V7.14 Consumer protection laws 10
YesNo
8 V8 Self-rating of knowledgeabout investing
1 – 7 1 Beginner –7 Expert
9 V9 Financial attitude 1 1234
DisagreeTend to disagreeTend to agreeAgree
10 V10 Financial attitude 2 1234
DisagreeTend to disagreeTend to agreeAgree
11 V11 Financial attitude 3 1234
DisagreeTend to disagreeTend to agreeAgree
12 V12 Financial attitude 4 1234
DisagreeTend to disagreeTend to agreeAgree
13 V13 Financial attitude 5 1234
DisagreeTend to disagreeTend to agreeAgree
384
QuestionNumber
VariableName
Variable Label Value Value Label
14 V14 Financial behavior 1 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
15 V15 Financial behavior 2 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
16 V16 Financial behavior 3 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
17 V17 Financial behavior 4 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
18 V18 Financial behavior 5 12345
AgreeTend to agreeTend to disagreeDisagreeNot applicable
19 V19 Financial behavior 6 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
20 V20 Financial behavior 7 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
21 V21 Financial behavior 8 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
385
QuestionNumber
VariableName
Variable Label Value Value Label
22 V22 Financial behavior 9 12345
DisagreeTend to disagreeTend to agreeAgreeDisagreeNot applicable
23 V23 Financial behavior 10 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
24 V24 Financial behavior 11 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
25 V25 Financial behavior 12 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
26 V26 Financial behavior 13 12345
DisagreeTend to disagreeTend to agreeAgreeNot applicable
27 V27 Financial knowledge 1 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “1”)4 (Recoded as “0”)
28 V28 Financial knowledge 2 1234
1 (Recoded as “1”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “0”)
29 V29 Financial knowledge 3 123
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)
30 V30 Financial knowledge 4 123
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)
386
QuestionNumber
VariableName
Variable Label Value Value Label
31 V31 Financial knowledge 5 1234
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)4 (Recoded as “0”)
32 V32 Financial knowledge 6 123
1 (Recoded as “1”)2 (Recoded as “0”)3 (Recoded as “0”)
33 V33 Financial knowledge 7 1234
1 (Recoded as “1”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “0”)
34 V34 Financial knowledge 8 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “1”)
35 V35 Financial knowledge 9 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “1”)4 (Recoded as “0”)
36 V36 Financial knowledge 10 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “1”)
37 V37 Financial knowledge 11 1234
1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)4 (Recoded as “0”)
38 V38 Financial knowledge 12 1234
1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “0”)4 (Recoded as “1”)
39 V39 Objective financial well-being 1
123456789
0 months1-2 months3-4 months5-6 months7-8 months9-10 months11-12 months13-24 monthsOver 24 months
387
QuestionNumber
VariableName
Variable Label Value Value Label
40 V40 Objective financial well-being 2
1234567891011
$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Not sure
41 V41 Objective financial well-being 3
1234567891011
None$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000
42 V42 Objective financial well-being 4
1234567891011
$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000
43-44 Not included in the analysis45 V45 Overall financial well-being
11-10 Dissatisfied-Satisfied
46 V46 Overall financial well-being2
1-5 Feel like I am infinancial trouble- Feellike I am doing well
47 V47 Overall financial well-being2
1-5 I find it is hard to paybills- I save more than Ispend
388
QuestionNumber
VariableName
Variable Label Value Value Label
48 V48 Income change 123
IncreasedNot changedDecreased
49 V49 Savings change 123
IncreasedNot changedDecreased
50 V50 Debt change 123
IncreasedNot changedDecreased
51 V51 Financial satisfaction 1 1234
DisagreeTend to disagreeTend to agreeAgree
52 V52 Financial satisfaction 2 1234
DisagreeTend to disagreeTend to agreeAgree
53 V53 Financial satisfaction 3 1234
DisagreeTend to disagreeTend to agreeAgree
54 V54 Financial satisfaction 4 1234
DisagreeTend to disagreeTend to agreeAgree
55 V55 Productivity-quantity 1-5 Poor-Excellent56 V56 Productivity-quality 1-5 Poor-Excellent57 V57 Performance rating 1-5 Poor-Excellent58 V58 Absence 1
2345678
None1-2days3-4 days5-6 days7-8 days9-10 days11-12 days13 or more days
59.1 V59.1 Personal illness 01
NoYes
59.2 V59.2 Family illness 01
NoYes
59.3 V59.3 Family responsibilities 01
NoYes
389
QuestionNumber
VariableName
Variable Label Value Value Label
59.4 V59.4 Child care 01
NoYes
59.5 V59.5 Elder care 01
NoYes
59.6 V59.6 Funeral 01
NoYes
59.7 V59.7 Accident or injury 01
NoYes
59.8 V59.8 Personal money matters 01
NoYes
59.9 V59.9 Family money matters 01
NoYes
59.10 V59.10 Personal business 01
NoYes
59.11 V59.11 Stressed out at work 01
NoYes
59.12 V59.12 Stressed out at home 01
NoYes
59.13 V59.13 Stretched out a vacation 01
NoYes
59.14 V59.14 Just take a day off 01
NoYes
60 V60 Totally unable to work 123456789101112
None1 day2 days3 days4 days5 days6 days7 days8 days9 days10 days11 or more days
390
QuestionNumber
VariableName
Variable Label Value Value Label
61 V61 Cut down work 123456789101112
None1 day2 days3 days4 days5 days6 days7 days8 days9 days10 days11 or more days
62 V62 Health status 1-5 Worse than others-Better than others
63 V63 Bothered by health problems 1-5 Very often-Never64 V64 Bothered by physical health 1-5 Very often-Never65 V65 Bothered by mental health 1-5 Very often-Never66-67 Not included in the analysis68 V68 Job satisfaction 1
234
DisagreeTend to disagreeTend to agreeAgree
69 V69 Pay satisfaction 1 1234
DisagreeTend to disagreeTend to agreeAgree
70 V70 Pay satisfaction 2 1234
AgreeTend to agreeTend to disagreeDisagree
71 V72 Pay satisfaction 3 1234
AgreeTend to agreeTend to disagreeDisagree
72 V72 Pay satisfaction 4 1234
DisagreeTend to disagreeTend to agreeAgree
73 V73 Organizational commitment1
1234
DisagreeTend to disagreeTend to agreeAgree
391
QuestionNumber
VariableName
Variable Label Value Value Label
74 V74 Organizational commitment 2 1234
DisagreeTend to disagreeTend to agreeAgree
75 V75 Organizational commitment 3 1234
DisagreeTend to disagreeTend to agreeAgree
76 V76 Organizational commitment 4 1234
DisagreeTend to disagreeTend to agreeAgree
77 V77 Organizational commitment 5 1234
DisagreeTend to disagreeTend to agreeAgree
78 V78 Organizational commitment 6 1234
DisagreeTend to disagreeTend to agreeAgree
79 V79 Loyalty 1234
DisagreeTend to disagreeTend to agreeAgree
80 V80 Intention to leave 1234
DisagreeTend to disagreeTend to agreeAgree
81 V81 Supervisor and money issues 1 1234
DisagreeTend to disagreeTend to agreeAgree
82 V82 Supervisor and money issues 2 1234
DisagreeTend to disagreeTend to agreeAgree
83 V83 Workplace financial educationand retention
1234
DisagreeTend to disagreeTend to agreeAgree
84 V84 Personal finance-work conflict1
1-5 Very often-Never
392
QuestionNumber
VariableName
Variable Label Value Value Label
85 V85 Personal finance-workconflict 2
1-5 Very often-Never
86 V86 Personal finance-workconflict 3
1-5 Very often-Never
87 V87 Personal finance-workconflict 4
1-5 Very often-Never
88 V88 Personal finance-workconflict 5
1-5 Very often-Never
89.1-89.20
V89.1-V89.20
Work time use 1-Work time use 20
01
NoYes
90 V90 Gender 12
MaleFemale
91 V91 Marital status 12
3456
Never marriedNot married but livingwith partnerFirst marriageSeparated/DivorcedRemarriedWidowed
92 V92 Education 1234567
Some high schoolHigh school graduateTrade/vocationaltrainingAssociate’s degreeSome collegeBachelor’s degreeGraduate orprofessional degree
93 V93 Ethnicity 1234567
AfricanAmerican/blackAmerican IndianAsian American/AsianMexicanAmerican/ChicanoPuerto Rican AmericanWhite CaucasianOther
94 V94 Age Number
393
QuestionNumber
VariableName
Variable Label Value Value Label
95 V95 Work years 1234567891011
Less than 1 year1-2 years3-4 years5-6 years7-8 years9-10 years11-12 years13-14 years15-16 years17-18 years19 or more
96 V96 Personal annual income 12345678910
Less than $20,000$20,001-$30,000$30,001-$40,000$40,001-$50,000$50,001-$60,000$60,001-$70,000$70,001-$80,000$80,001-$90,000$90,001-$100,000More than $100,000
97 V97 Annual household income 12345678910
Less than $20,000$20,001-$30,000$30,001-$40,000$40,001-$50,000$50,001-$60,000$60,001-$70,000$70,001-$80,000$80,001-$90,000$90,001-$100,000More than $100,000
98.1 V98.1 Self 198.2 V98.2 Spouse 0
1NoYes
98.3 V98.3 Children younger than age6
Number
98.4 V98.4 Children age 13-18 Number98.5 V98.5 Children age 13-18 Number98.6 V98.6 Children age 19 and older Number98.7 V98.7 Parent, grandparent, or
other adultNumber
99 V99 Last four digits of SocialSecurity Number
Number
394
APPENDIX 10
Correlation, Reliability Analysis, and Factor Analysis Results of Financial Attitude Index
395
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V5 3.0846 .7088 260.0 2. V6 3.1346 .7147 260.0 3. V7 2.7577 .7603 260.0 4. V8 2.3192 .8755 260.0 5. V9 2.6962 .8897 260.0
Correlation Matrix
V5 V6 V7 V8 V9
V5 1.0000V6 .6557 1.0000V7 .5611 .6429 1.0000V8 .5598 .4926 .6561 1.0000V9 .2797 .2103 .3188 .5811 1.0000
N of Cases = 260.0
N ofStatistics for Mean Variance Std Dev Variables Scale 13.9923 9.2586 3.0428 5
Item Means Mean Minimum Maximum Range Max/Min Variance 2.7985 2.3192 3.1346 .8154 1.3516 .1092
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V5 10.9077 6.4393 .6440 .5066 .7853V6 10.8577 6.5009 .6165 .5420 .7922V7 11.2346 6.0722 .6961 .5690 .7688V8 11.6731 5.4024 .7592 .6178 .7452V9 11.2962 6.5104 .4310 .3475 .8505_
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Reliability Coefficients 5 items
Alpha = .8248 Standardized item alpha = .8310
396
Factor Analysis Results of the Financial Attitude
Total Variance Explained
InitialEigenvalues
ExtractionSums ofSquaredLoadings
Component Total % ofVariance
Cumulative % Total % of VarianceCumulative %
1 3.025 60.496 60.496 3.025 60.496 60.4962 .941 18.818 79.3143 .448 8.968 88.2824 .346 6.915 95.1965 .240 4.804 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
Financial attitude4 .850Financial attitude3 .839Financial attitude 1 .803Financial Attitude 2 .793Financial attitude5 .569Extraction Method: Principal Component Analysis.a 1 components extracted.
397
APPENDIX 11
Correlation and Reliability Analysis, Factor Analysis Results of Financial Behaviors Index
398
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V10 2.3725 1.0710 102.0 2. V11 3.1667 1.2904 102.0 3. V12 2.6765 1.3799 102.0 4. V13 2.3922 1.3137 102.0 5. V14 2.8922 1.2421 102.0 6. V15 1.9608 1.1162 102.0 7. V16 1.4216 .8610 102.0 8. V17 1.8627 1.2511 102.0 9. V18 1.9804 1.3786 102.0 10. V19 3.2353 1.2442 102.0 11. V20 2.1275 1.3907 102.0 12. V21 2.8824 1.3519 102.0 13. V22 3.0000 1.2428 102.0
Correlation Matrix
V10 V11 V12 V13 V14
V10 1.0000V11 .1624 1.0000V12 .1360 .3086 1.0000V13 .5003 .3465 .4858 1.0000V14 -.2002 .2028 .0719 .3174 1.0000V15 .4430 .1146 .1395 .3887 -.1173V16 .4078 .1233 .0826 .2463 -.1515V17 .1051 .0082 .2321 .0331 -.0988V18 .0117 .0631 -.0242 .1246 .0624V19 .0524 .0123 .1024 .0460 .1575V20 .0143 .1480 .1662 .1079 .0080V21 .0853 -.1760 .0696 -.0184 -.0666V22 .0818 .0370 .0924 .0788 .0706
V15 V16 V17 V18 V19
V15 1.0000V16 .4398 1.0000V17 .3577 .5322 1.0000V18 .1089 .1655 .0271 1.0000V19 .1564 .0821 .0718 .0951 1.0000V20 -.0542 .0539 -.1321 -.0193 .0454V21 .1281 .0941 .2421 -.0809 -.0010V22 .1285 .0370 .1401 -.1098 .1153_ R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Correlation Matrix
V20 V21 V22
V20 1.0000V21 -.2184 1.0000V22 -.0974 .3713 1.0000
N of Cases = 102.0
399
N ofStatistics for Mean Variance Std Dev Variables Scale 31.9706 43.9694 6.6309 13
Item Means Mean Minimum Maximum Range Max/Min Variance 2.4593 1.4216 3.2353 1.8137 2.2759 .3201
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V10 29.5980 38.3220 .3394 .4918 .5459V11 28.8039 38.0008 .2705 .2196 .5562V12 29.2941 35.6552 .3890 .4327 .5283V13 29.5784 33.8700 .5476 .6528 .4929V14 29.0784 41.2611 .0730 .3880 .5952V15 30.0098 36.9009 .4293 .3991 .5278V16 30.5490 38.7847 .4143 .4837 .5410V17 30.1078 38.2358 .2694 .4619 .5566V18 29.9902 40.8415 .0697 .0893 .5997V19 28.7353 39.5827 .1813 .1183 .5743V20 29.8431 41.9752 .0033 .1316 .6138V21 29.0882 40.9921 .0664 .2464 .5995V22 28.9706 39.5338 .1850 .1845 .5736
Reliability Coefficients 13 items
Alpha = .5834 Standardized item alpha = .6067
400
Factor Analysis Results of Financial Behaviors
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component Total % ofVariance
Cumulative % Total % of VarianceCumulative %
1 2.767 21.287 21.287 2.767 21.287 21.2872 1.862 14.326 35.613 1.862 14.326 35.6133 1.429 10.992 46.605 1.429 10.992 46.6054 1.176 9.043 55.648 1.176 9.043 55.6485 1.027 7.898 63.546 1.027 7.898 63.5466 .961 7.396 70.9427 .786 6.047 76.9908 .758 5.831 82.8219 .698 5.368 88.18910 .542 4.172 92.36111 .500 3.846 96.20712 .305 2.345 98.55113 .188 1.449 100.000Extraction Method: Principal Component Analysis.
Component Matrix
Component1 2 3 4 5
Financial behavior6 .721 -.195 -.153 -.141Financial behavior4 .695 .469 .129 -.307Financial behavior7 .682 -.256 -.356 .135 .174Financial behavior1 .668 -.240 -.277 -.383Financial behavior8 .527 -.456 .159 .442Financial behavior8 .527 -.456 .159 .442Financial behavior3 .503 .338 .288 -.238 .344Financial behavior3 .503 .338 .288 -.238 .344Financial behavior12 .206 -.575 .491Financial behavior12 .206 -.575 .491Financial behavior2 .379 .552Financial behavior2 .379 .552Financial behavior13 .249 -.281 .657Financial behavior13 .249 -.281 .657Financial behavior5 .511 .521 .391 -.124Financial behavior5 .511 .521 .391 -.124Financial behavior9 .163 .134 -.280 .670 -.195Financial behavior9 .163 .134 -.280 .670 -.195Financial behavior10 .213 .212 .545 .299Financial behavior10 .213 .212 .545 .299Financial behavior11 .467 -.219 -.242 .522Financial behavior11 .467 -.219 -.242 .522Extraction Method: Principal Component Analysis.a 5 components extracted.
401
The Reliability Analysis of Financial Behaviors Index with Four Items(Behavior 1, 4, 7 and 8)
_
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V10 2.4783 1.1012 184.0 2. V13 2.5000 1.3015 184.0 3. V16 1.5272 .9288 184.0 4. V17 1.9674 1.3011 184.0
Correlation Matrix
V10 V13 V16 V17
V10 1.0000V13 .3546 1.0000V16 .4520 .2644 1.0000V17 .3008 .1226 .5660 1.0000
N of Cases = 184.0
N ofStatistics for Mean Variance Std Dev Variables Scale 8.4728 10.6878 3.2692 4
Item Means Mean Minimum Maximum Range Max/Min Variance 2.1182 1.5272 2.5000 .9728 1.6370 .2158
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V10 5.9946 6.6721 .4927 .2677 .5446V13 5.9728 6.9228 .3024 .1418 .6835V16 6.9457 6.8932 .6012 .4183 .4991V17 6.5054 6.3497 .4034 .3247 .6096_
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Reliability Coefficients 4 items
Alpha = .6519 Standardized item alpha = .6766
402
APPENDIX 12
Correlation, Reliability Analysis, and Factor Analysis ResultsofOverall Financial Well-being
403
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V32 3.1692 .9991 260.0 2. V33 3.0885 .9361 260.0 3. FINWELL1 2.7769 1.0853 260.0
Correlation Matrix
V32 V33 FINWELL1
V32 1.0000V33 .8137 1.0000FINWELL1 .7720 .6846 1.0000
N of Cases = 260.0
N ofStatistics for Mean Variance Std Dev Variables Scale 9.0346 7.6397 2.7640 3
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V32 5.8654 3.4451 .8618 .7490 .8075V33 5.9462 3.8504 .7929 .6699 .8697FINWELL1 6.2577 3.3967 .7662 .6054 .8962
Reliability Coefficients 3 items
Alpha = .9007 Standardized item alpha = .9032
404
Factor Analysis Results of Overall Financial Well-being Index
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component Total % ofVariance
Cumulative % Total % ofVariance
Cumulative%
1 2.515 83.825 83.825 2.515 83.825 83.8252 .319 10.635 94.4603 .166 5.540 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
General financial wellbeing1 .892General financial wellbeing2 .944General financial wellbeing3 .910Extraction Method: Principal Component Analysis.a 1 components extracted.
405
APPENDIX 13
Correlation, Reliability Analysis, and Factor Analysis Resultsof Satisfaction with Personal Finances
406
Satisfaction with Personal Finances
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V34 2.5019 .8203 257.0 2. V35 3.1167 .8303 257.0 3. V36 2.7198 1.0640 257.0 4. V37 2.3230 .9018 257.0
Correlation Matrix
V34 V35 V36 V37
V34 1.0000V35 .4929 1.0000V36 .4885 .3511 1.0000V37 .6407 .4294 .4122 1.0000
N of Cases = 257.0
N ofStatistics for Mean Variance Std Dev Variables Scale 10.6615 7.8342 2.7990 4
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V34 8.1595 4.6893 .6958 .5086 .6572V35 7.5447 5.2099 .5104 .2760 .7462V36 7.9416 4.4380 .5050 .2666 .7647V37 8.3385 4.6389 .6132 .4368 .6934
Reliability Coefficients 4 items
Alpha = .7704 Standardized item alpha = .7795
407
Factor Analysis Results of Satisfaction with Personal Finances
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component
Total % ofVariance
Cumulative%
Total % ofVariance
Cumulative %
1 2.420 60.496 60.496 2.420 60.496 60.4962 .650 16.251 76.7473 .584 14.609 91.3564 .346 8.644 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
Financialsatisfaction1
.860
Financialsatisfaction4
.812
Financialsatisfaction2
.720
Financialsatisfaction3
.709
Extraction Method: Principal Component Analysis.a 1 components extracted.
408
APPENDIX 14
Correlation, Reliability Analysis, and Factor Analysis Results ofPersonal Finance-Work Conflict
409
Personal Finance-Work Conflict
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V62 1.2154 .4647 260.0 2. V63 1.1192 .3364 260.0 3. V64 1.1192 .3364 260.0 4. V65 1.1231 .3626 260.0 5. V66 1.1269 .3449 260.0
Correlation Matrix
V62 V63 V64 V65 V66
V62 1.0000V63 .5761 1.0000V64 .6255 .7611 1.0000V65 .5523 .7655 .7655 1.0000V66 .5514 .7676 .8342 .8933 1.0000
N of Cases = 260.0
N ofStatistics for Mean Variance Std Dev Variables Scale 5.7038 2.5722 1.6038 5
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V62 4.4885 1.6176 .6248 .4203 .9404V63 4.5846 1.7418 .8078 .6710 .8897V64 4.5846 1.7110 .8501 .7545 .8817V65 4.5808 1.6575 .8387 .8152 .8819V66 4.5769 1.6813 .8630 .8544 .8783_
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Reliability Coefficients 5 items
Alpha = .9134 Standardized item alpha = .9242
410
Factor Analysis Results of Personal Finance-Work Conflict
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component Total % ofVariance
Cumulative%
Total % ofVariance
Cumulative%
1 3.859 77.187 77.187 3.859 77.187 77.1872 .553 11.061 88.2483 .269 5.373 93.6214 .227 4.549 98.1715 9.147E-02 1.829 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
WFconflict 5 .931WFconflict 4 .914WFconflict 3 .913WFconflict 2 .886WFconflict 1 .734Extraction Method: Principal Component Analysis.a 1 components extracted.
411
APPENDIX 15
Correlation, Reliability Analysis, and Factor Analysis Results of Productivity
412
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V38 4.1518 .6158 257.0 2. V39 4.3113 .5766 257.0 3. V40 4.1245 .7343 257.0
Correlation Matrix
V38 V39 V40
V38 1.0000V39 .5266 1.0000V40 .4073 .4617 1.0000
N of Cases = 257.0
N ofStatistics for Mean Variance Std Dev Variables Scale 12.5875 2.3839 1.5440 3
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V38 8.4358 1.2625 .5363 .3115 .6193V39 8.2763 1.2867 .5847 .3506 .5725V40 8.4630 1.0855 .4962 .2505 .6889
Reliability Coefficients 3 items
Alpha = .7130 Standardized item alpha = .7229
413
APPENDIX 16
Work Time Used Last Month for Personal Financial Matters in the Post-Assessment
414
Statement Value n %1. Talked with a co-worker(s) about moneyproblems
.00
.05
.25
.30
.501.002.00Na
MSD
1581114143
182.12.37
86.80.50.50.52.27.71.6
100.0
2. Talked with a co-worker(s) aboutinvestments or retirement plans
.00
.10
.20
.25
.501.002.003.00
NMSD
12511293671
182.32.56
68.70.50.51.14.919.83.80.5
100.0
3. Talked to Human Resources Personnelabout changing my fringe benefits
.00
.05
.10
.20
.25
.501.002.00
NMSD
15811216103
182.211.51
86.80.50.51.10.53.35.51.6
100.0
a N does not add to 189 due to non-responses.
415
Statement Value n %4. Searched for information on personalfinances (e.g. magazines, Internet)
.00
.10
.501.002.003.004.006.008.0010.00
Na
MSD
157229432111
182.331.21
86.31.11.14.92.21.61.10.50.50.5
100.0
5. Reallocated the assets in my investmentportfolio
.00
.25
.501.002.003.004.00
NMSD
163149311
182.13.49
89.60.52.24.91.60.50.5
100.0
6. Used personal finance computer software .00.501.002.003.004.005.00
NMSD
171151121
182.13.63
94.00.52.70.50.51.10.5
100.0
a N does not add to 189 due to non-responses.
416
Statement Value n %7. Consulted with a financial planner .00
.25
.501.002.0024.00
Na
MSD
158281121
182.241.80
86.81.14.46.01.10.5
100.0
8. Read or studied about money matterswhile at workb
.00
.10
.501.001.502.005.00
NMSD
163146161
182.15.55
89.60.52.23.30.53.30.5
100.0
9. Received telephone calls from creditorsregarding overdue debts
.00
.501.005.00
NMSD
179111
1823.571E-02
.38
98.40.50.50.5
100.0
10. Talked to a collection agency about pastdue payments
.001.005.00
NMSD
18011
1823.297E-02
.38
98.90.50.5
100.0
a N does not add to 189 due to non-responses.b Not asked in the pre-assessment questionnaire.
417
Statement Value n %11. Talked with a lender about consolidatingdebts
.00
.15
.25
.501.001.504.00Na
MSD
173113211
1825.165E-02
.34
95.10.50.51.61.10.50.5
100.0
12. Talked with a lender about financing ahomec
.00
.501.002.003.004.0010.00
NMSD
171251111
182.14.85
94.01.12.70.50.50.50.5
100.0
13. Spent time worrying about personalfinances
.00
.501.002.003.004.005.0010.0015.0020.0030.0040.00
NMSD
139223532111111
180.954.22
7721.112.82.81.71.10.60.60.60.60.60.6
100.0
a N does not add to 189 due to non-responses.c Modified from the pre-assessment questionnaire.
418
Statement Value n %14. Took time to handle personal financialmatters
.00
.10
.25
.30
.501.001.502.003.005.0010.0024.00
Na
MSD
127121330292211
181.572.05
70.20.61.10.61.716.61.15.01.11.10.60.6
100.0
15. Consulted with a lawyer regardingmoney problems
.00
.002.00
NMSD
18011
182 1.648E-02
.17
98.90.50.5
100.0
16. Asked about obtaining a payrolladvance
.00NMSD
1821820.000.00
100.0 100.0
17. Asked about borrowing from my401(k) retirement plan
.001.00
NMSD
1774
1812.21E-02
.15
97.82.2
100.0
18. Consulted with a credit counselor .00.501.00
NMSD
18011
1828.242E-038.269E-02
98.90.50.5
100.0
a N does not add to 189 due to non-responses.
419
Statement Value n %19. Talked to an EAP professional aboutpersonal financial mattersd
.001.003.00Na
MSD
17911
1812.210E-02
.23
98.90.60.6
100.0
20. Made calls to family or friends todiscuss financial problems
.00
.501.003.00
NMSD
170291
1827.143E-02
.31
93.41.14.90.5
100.0
a N does not add to 189 due to non-responses.d Not asked in the pre-assessment questionnaire.
420
APPENDIX 17
Work Time Used Average Month for Personal Financial Matters in the Post-Assessment
421
Statement Values Frequency Percentage1. Talked with a co-worker(s) about moneyproblems
.00
.25
.501.003.00TotalMeanS. D.
14316102162.11.33
88.30.63.76.21.2100.0
2. Talked with a co-worker(s) aboutinvestments or retirement plans
.00
.10
.20
.25
.501.002.00TotalMeanS. D.
110213102610162.32.56
67.91.20.61.96.216.06.2100.0
3. Talked to Human Resources Personnelabout changing my fringe benefits
.00
.05
.10
.25
.501.006.0010.00TotalMeanS. D.
1462125411 162.14.93
90.11.20.61.23.12.50.60.6100.0
422
Statement Values n (%) N (%)4. Searched for information on personalfinances (e.g. magazines, Internet)
.00
.10
.501.002.003.006.0010.00TotalMeanS. D.
13711125321162.331.15
84.60.60.67.43.11.91.20.6100.0
5. Reallocated the assets in my investmentportfolio
.00
.10
.20
.25
.501.002.00TotalMeanS. D.
14511121111628.926E-02.309
89.50.60.60.61.26.80.6100.0
6. Used personal finance computer software .00.25.501.002.003.004.005.00TotalMeanS. D.
1521132111162.12.60
93.80.60.61.91.20.60.60.6100.0
7. Consulted with a financial planner .00.10.25.501.002.00TotalMeanS. D.
148133611626.389E-02.25
91.40.61.91.93.70.6100.0
423
Statement Values n %8. Read or studied about money matterswhile at work1
.00
.05
.501.001.502.00TotalMeanS. D.
14813613162.15.55
91.40.61.93.70.61.9100.0
9. Received telephone calls from creditorsregarding overdue debts
.00
.501.005.00TotalMeanS. D.
1581211624.630E-02.41
97.50.61.20.100.0
10. Talked to a collection agency about pastdue payments
.001.00TotalMeanS. D.
16111626.173E-027.857E-02
99.40.6100.0
11. Talked with a lender about consolidatingdebts
.00
.01
.05
.10
.15
.25
.501.002.00TotalMeanS. D.
153111111211623.123E-02.20
94.40.60.60.60.60.60.61.20.6100.0
1 Not asked in the pre-assessment questionnaire
424
Statement Values n (%) n (%)12. Talked with a lender about financing ahome2
.00
.251.0015.0020.00TotalMeanS. D.
1561311.241.96
96.30.61.90.60.6100.0
13. Spent time worrying about personalfinances
.00
.501.002.003.0010.0040.00TotalMeanS. D.
1283224221162.603.34
79.01.913.62.51.21.20.6100.0
14. Took time to handle personal financialmatters
.00
.01
.10
.25
.501.001.502.005.0010.0012.00TotalMeanS. D.
11622142725111162.431.35
71.61.21.20.62.516.71.23.10.60.60.6100.0
2 Modified from the pre-assessment questionnaire
425
Statement Values n (%) n (%)15. Consulted with a lawyer regardingmoney problems
.00
.25TotalMeanS. D.
16111621.543E-021.964E-02
99.40.6100.0
16. Asked about obtaining a payrolladvance
.00TotalMeanS. D.
1621620.000.00
100.0100.0
17. Asked about borrowing from my401(k) retirement plan
.00
.502.00TotalMeanS. D.
160111621.543E-02.16
98.80.60.6100.0
18. Consulted with a credit counselor .00TotalMeanS. D.
1621620.000.00
100.0100.0
19. Talked to an EAP professional aboutpersonal financial matters3
.001.00TotalMeanS. D.
15931621.852E-02.14
98.11.6100.0
20. Made calls to family or friends todiscuss financial problems
.00
.25
.501.002.00TotalMeanS. D.
15611311823.549E-02.21
96.30.60.61.90.6100.0
3 Not asked in the pre-assessment questionnaire
426
APPENDIX 18
Correlation, Reliability Analysis, and Factor Analysis Results ofOrganizational Commitment
427
Organizational Commitment
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V54 3.3831 .6728 261.0 2. V55 3.0958 .8426 261.0 3. V56 3.1494 .7264 261.0 4. V57 3.2759 .6509 261.0 5. V58 2.9808 .7618 261.0 6. V59 3.0536 .7875 261.0
Correlation Matrix
V54 V55 V56 V57 V58
V54 1.0000V55 .7695 1.0000V56 .6222 .6929 1.0000V57 .4955 .4776 .4332 1.0000V58 .5997 .6559 .6238 .4916 1.0000V59 .6942 .7747 .6381 .4663 .7133
V59
V59 1.0000
N of Cases = 261.0
N ofStatistics for Mean Variance Std Dev Variables Scale 18.9387 13.4732 3.6706 6
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V54 15.5556 9.7556 .7769 .6372 .8833V55 15.8429 8.6483 .8303 .7322 .8736V56 15.7893 9.6593 .7279 .5443 .8894V57 15.6628 10.7167 .5475 .3117 .9128V58 15.9579 9.4021 .7471 .5806 .8865V59 15.8851 9.0252 .8090 .6867 .8768_
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Reliability Coefficients 6 items
Alpha = .9048 Standardized item alpha = .9037
428
Factor Analysis Results of Organizational Commitment
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component
Total % ofVariance
Cumulative %
Total % ofVariance
Cumulative %
1 4.081 68.017 68.017 4.081 68.017 68.0172 .646 10.765 78.7823 .427 7.124 85.9064 .393 6.543 92.4495 .261 4.344 96.7936 .192 3.207 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
Organizationcommitment 1
.853
Organizationcommitment 2
.895
Organizationcommitment 3
.815
Organizationcommitment 4
.656
Organizationcommitment 5
.829
Organizationcommitment 6
.877
Extraction Method: Principal Component Analysis.a 1 components extracted.
429
APPENDIX 19
Correlation, Reliability Analysis, and Factor Analysis Results of Pay Satisfaction
430
Pay Satisfaction
R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)
Mean Std Dev Cases
1. V50 2.7461 .8552 256.0 2. V51 2.4180 .9294 256.0 3. V52 2.6367 .9144 256.0 4. V53 2.5898 .8585 256.0
Correlation Matrix
V50 V51 V52 V53
V50 1.0000V51 .4991 1.0000V52 .6589 .6039 1.0000V53 .6161 .6187 .5438 1.0000
N of Cases = 256.0
N ofStatistics for Mean Variance Std Dev Variables Scale 10.3906 8.7645 2.9605 4
Item-total Statistics
Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted
V50 7.6445 5.3045 .6927 .5285 .8109V51 7.9727 5.0934 .6692 .4844 .8213V52 7.7539 5.0176 .7105 .5360 .8028V53 7.8008 5.2817 .6958 .5098 .8095
Reliability Coefficients 4 items
Alpha = .8513 Standardized item alpha = .8520
431
Factor Analysis Results of Pay Satisfaction
Total Variance ExplainedInitialEigenvalues
ExtractionSums ofSquaredLoadings
Component Total % of VarianceCumulative%
Total % ofVariance
Cumulative%
1 2.771 69.266 69.266 2.771 69.266 69.2662 .515 12.885 82.1513 .444 11.094 93.2454 .270 6.755 100.000Extraction Method: Principal Component Analysis.
Component MatrixComponent1
Pay satisfaction3 .845Pay satisfaction4 .835Pay satisfaction1 .834Pay satisfaction2 .815Extraction Method: Principal Component Analysis.a 1 components extracted.
432
APPENDIX 20
Correlations of the Individual Characteristics and Personal Finances andCollienearity Test in Regression Analysis
433
Correlations of Individual Characteristics and Financial Attitude, Financial Knowledge, and Financial Behavior (N= 262)
1 2 3 4 5 6 7 8 9 10 111. Health 1.0002. Education .099 1.0003. Age .146* .086 1.0004. Work years .020 -.146* .306*** 1.0005. HouseholdIncome
.236*** .367*** .253*** .116 1.000
6. Family Size .072 .118 .219*** .109 .411*** 1.0007. Gender .013 -.505*** -.277*** -.008 -.240*** -.189*** 1.0008. Marital Status .099 .124* .210** .099 .595*** .582*** -.133* 1.0009. Financial AttitudeIndex
.184** .251*** .136* .055 .276*** .059 -.348*** .138* 1.000
10. FinancialKnowledge
.132* .440*** .200** .137* .398*** .080 -.324*** .193** .246*** 1.000
11. FinancialBehavior Index
.222** .030 .057 .070 .159* .001 -.069 .218** .334*** .120 1.000
Mean 3.68 4.51 38.89 4.73 5.78 3.02 .59 .75 13.99 2.61 8.47SD .83 1.69 9.42 3.23 2.65 1.57 .49 .43 3.04 1.10 3.27* Correlation is significant at the 0.05 level (2-tailed).** Correlation is significant at the 0.01 level (2-tailed).*** Correlation is significant at the 0.001 level (2-tailed).
434
Correlations Results of Individual Characteristics and Financial Well-being (N = 262)
1 2 3 4 5 6 7 8 9 10 11 12 13 141.000
1. Health .099 1.0002. Education .146* .086 1.0003. Age .020 -.146* .306 1.0004. Work Years .236*** .367*** .253*** .116 1.0005. HouseholdIncome
.072 .118 .219*** .109 .411*** 1.000
6. Family Size .013 -.505*** -.277*** -.008 -.240*** -.189** 1.0007. Gender .099 .124* .210** .099 .595*** .582*** -.133* 1.0008. MaritalStatus
.095 .091 .276*** .265*** .226*** -.065 -.210** .091 1.000
9. ObjectiveFinancialwellbeing1
.162* .283*** .326*** .203** .384*** .055 -.236*** .064 .356*** 1.000
10. ObjectiveFinancialWellbeing2
-.049 .044 -.028 .014 .025 -.018 .019 -.030 -.156* -.074 1.000
11. ObjectiveFinancialWellbeing3
.058 .088 .057 .148* .218** -.007 -.061 .081 .556*** .329*** -.054 1.000
12. ObjectiveFinancialWellbeing4
.165** .066 .199** .224*** .327*** -.004 -.160* .185** .654*** .319*** -.138* .467*** 1.000
13. Satisfactionwith PersonalFinances Index
.133* .107 .179** .210** .357*** -.017 -.241*** .159* .641*** .338*** -.215** .489*** .825*** 1.000
* Correlation is significant at the 0.05 level (2-tailed).** Correlation is significant at the 0.01 level (2-tailed).*** Correlation is significant at the 0.001 level (2-tailed).
435
Collinearity Test Results
a Predictors: (Constant), Marital Status, Work years, Health, Gender, Age, Education, Family Size,Household Incomeb Dependent Variable: Financial Attitude Index
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .444 .197 .170 2.7942 1.889
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 449.742 8 56.218 7.200 .000Residual 1834.762 235 7.807
Total 2284.504 243
Collinearity DiagnosticsEigenvalue Condition
IndexVariance
Proportions
Dimension
(Constant)
HealthEducation
Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.649 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .517 3.845 .00 .00 .01 .00 .00 .01 .01 .41 .023 .305 5.005 .00 .00 .00 .00 .72 .00 .01 .06 .034 .232 5.745 .01 .02 .09 .01 .07 .00 .08 .03 .185 .113 8.216 .00 .00 .00 .01 .01 .25 .63 .01 .116 7.062E-02 10.407 .01 .06 .11 .12 .05 .29 .23 .11 .377 5.931E-02 11.357 .00 .07 .52 .06 .09 .40 .02 .05 .298 3.900E-02 14.005 .00 .64 .00 .47 .05 .02 .00 .06 .019 1.427E-02 23.154 .98 .22 .26 .34 .00 .03 .01 .26 .00
a Dependent Variable: Financial Attitude Index
436
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Financial Knowledge
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .563 .317 .292 .9351 1.839
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 88.007 8 11.001 12.582 .000Residual 189.728 217 .874
Total 277.735 225
Collinearity DiagnosticsEigenvalue Condition
IndexVariance
Proportions
Dimension
(Constant)
HealthEducation
Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.653 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .515 3.853 .00 .00 .01 .00 .00 .01 .01 .45 .013 .314 4.939 .00 .00 .00 .00 .70 .00 .01 .05 .034 .218 5.923 .01 .02 .09 .01 .08 .00 .10 .03 .175 .116 8.129 .00 .00 .00 .02 .02 .26 .56 .01 .116 6.946E-02 10.496 .01 .06 .09 .08 .02 .30 .29 .09 .467 6.060E-02 11.238 .00 .09 .54 .06 .09 .36 .01 .06 .208 3.921E-02 13.971 .00 .61 .00 .50 .08 .02 .02 .05 .009 1.430E-02 23.136 .98 .22 .26 .34 .00 .04 .00 .25 .01
a Dependent Variable: Financial Knowledge
437
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Financial Behavior Index
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .353 .124 .081 3.0125 2.070
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 208.800 8 26.100 2.876 .005Residual 1470.159 162 9.075
Total 1678.959 170
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
HealthEducation
Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.740 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .523 3.847 .00 .00 .01 .00 .01 .00 .01 .45 .013 .280 5.259 .00 .00 .00 .00 .72 .00 .01 .09 .014 .187 6.427 .00 .02 .09 .01 .04 .00 .17 .01 .165 .100 8.785 .00 .00 .01 .00 .00 .27 .57 .00 .176 6.933E-02 10.566 .01 .03 .12 .13 .08 .31 .13 .05 .267 5.571E-02 11.786 .00 .14 .49 .02 .06 .25 .08 .08 .298 3.295E-02 15.325 .00 .61 .00 .47 .07 .13 .00 .04 .099 1.171E-02 25.704 .98 .20 .28 .36 .01 .03 .03 .27 .01
438
Objective Financial Well-being
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Objective Financial wellbeing1
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .444 .197 .169 2.5326 2.217
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 361.597 8 45.200 7.047 .000Residual 1475.282 230 6.414
Total 1836.879 238
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00
a Dependent Variable: Objective Financial wellbeing1
439
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Objective Financial wellbeing2
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .552 .304 .280 2.3947 2.115
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 576.835 8 72.104 12.574 .000Residual 1318.914 230 5.734
Total 1895.749 238
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00
a Dependent Variable: Objective Financial wellbeing2
440
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Objective Financial wellbeing3
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .137 .019 -.015 .4639 2.008
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression .945 8 .118 .549 .819Residual 49.499 230 .215
Total 50.444 238
CoefficientsUnstandar
dizedCoefficient
s
Standardized
Coefficients
t Sig.CollinearityStatistics
Model B Std. Error Beta Tolerance VIF1 (Constant) .130 .220 .589 .557
Health-5.278E-02 .037 -.098 -1.441 .151 .929 1.077Education 2.177E-02 .022 .080 .968 .334 .627 1.595
Age-1.621E-04 .004 -.003 -.045 .964 .794 1.260work years 6.428E-03 .010 .045 .644 .520 .864 1.158household
annualincome
1.274E-02 .016 .072 .802 .424 .526 1.900
FAMSIZE-8.338E-03 .024 -.028 -.344 .731 .639 1.566Gender 4.752E-02 .073 .051 .647 .518 .684 1.461
MARITAL 5.102E-03 .099 .005 .051 .959 .485 2.063a Dependent Variable: Objective Financial wellbeing3
441
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Objective Financial wellbeing4
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .301 .091 .059 2.7231 2.053
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 170.150 8 21.269 2.868 .005Residual 1705.473 230 7.415
Total 1875.623 238
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00
a Dependent Variable: Objective Financial wellbeing4
442
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Overall Financial Well-being
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
.487 .237 .211 2.4875 2.063
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1Regression
450.010 8 56.251 9.091 .000
Residual 1447.924 234 6.188Total 1897.934 242
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .519 3.841 .00 .00 .01 .00 .00 .01 .01 .41 .023 .308 4.981 .00 .00 .00 .00 .73 .00 .01 .06 .024 .224 5.842 .00 .02 .09 .01 .05 .00 .09 .04 .185 .116 8.134 .00 .00 .00 .01 .01 .26 .60 .01 .116 7.004E-02 10.452 .01 .05 .09 .11 .04 .31 .26 .10 .427 5.895E-02 11.393 .00 .08 .56 .06 .10 .36 .02 .06 .248 3.922E-02 13.968 .00 .63 .00 .46 .06 .03 .01 .06 .019 1.405E-02 23.335 .98 .22 .24 .35 .00 .03 .01 .27 .00
443
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Satisfaction with Personal Finances
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .439 .193 .165 2.5545 2.001
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 364.550 8 45.569 6.983 .000Residual 1527.014 234 6.526
Total 1891.564 242
Collinearity DiagnosticsDimen
sionEigenvalue Condition
IndexVariance
Proportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .519 3.841 .00 .00 .01 .00 .00 .01 .01 .41 .023 .308 4.981 .00 .00 .00 .00 .73 .00 .01 .06 .024 .224 5.842 .00 .02 .09 .01 .05 .00 .09 .04 .185 .116 8.134 .00 .00 .00 .01 .01 .26 .60 .01 .116 7.004E-02 10.452 .01 .05 .09 .11 .04 .31 .26 .10 .427 5.895E-02 11.393 .00 .08 .56 .06 .10 .36 .02 .06 .248 3.922E-02 13.968 .00 .63 .00 .46 .06 .03 .01 .06 .019 1.405E-02 23.335 .98 .22 .24 .35 .00 .03 .01 .27 .00
444
APPENDIX 21
Correlations of the Individual Characteristics and Work Outcomes andCollienearity Test in Regression Analysis
445
Correlations Results of Individual Characteristics and Work Outcomes (N = 262)
1 2 3 4 5 6 7 8 9 10 111. Health 1.0002. Education .099 1.0003. Age .146* .086 1.0004. Work Years .020 -.146* .306*** 1.0005. HouseholdIncome
.236*** .367*** .253*** .116 1.000
6. Family Size .072 .118 .219*** .109 .411*** 1.0007. Gender .013 -.505*** -.277*** -.008 -.240*** -.189** 1.0008. Marital Status .099 .124* .210** .099 .595*** .582*** -.133* 1.0009. Productivity-Quantity
.163** -.028 .030 .118 .056 .095 .003 .058 1.000
10. Productivity-Quality
.255*** .021 .101 .086 .113 -.004 -.016 .019 .530*** 1.000
11. PerformanceRating
.167** .031 -.045 .118 .171** -.067 -.070 .073 .407*** .462*** 1.000
12. Absence -.098 -.166** -.186** -.148* -.068 -.030 .219*** -.102 -.042 -.079 -.057 1.00013. Days TotallyUnable to Work
-.166** .015 -.100 .017 .007 .175 -.044 .015 -.066 -.098 -.101 .150* 1.000
14. Days Cut Downon Work
-.083 -.013 -.088 -.005 -.034 -.047 .080 -.058 -.198** -.079 -.034 .133* .234*** 1.000
15. PersonalFinance-workConflict Index
-.184** .005 -.119 -.055 -.127 .100 .078 -.031 -.061 -.120 -.034 .132* .182** .056 1.000
16. OrganizationalCommitment Index
.109 -.102 .040 .015 -.016 -.041 .104 .037 .106 .064 .101 -.114 -.165** -.114 -.178** 1.000
17. Pay SatisfactionIndex
.075 -.010 .004 -.092 .069 .036 -.051 .062 .004 -.007 .068 -.099 .005 -.074 -.120 .397*** 1.000
18. Work Time UseIndex
-.017 .136* .071 -.055 .103 .163* -.252*** .092 -.046 -.133* -.041 .100 .092 .213** .097 -.025 -.044 1.000
446
Collienearity Test Results
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Personal Finances-Work Conflict
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .307 .094 .063 1.5929 2.165
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
Regression 61.986 8 7.748 3.054 .003Residual 596.260 235 2.537
Total 658.246 243
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.653 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .43 .013 .308 4.983 .00 .00 .00 .00 .71 .00 .01 .06 .034 .228 5.792 .01 .02 .09 .01 .06 .00 .09 .02 .185 .114 8.190 .00 .00 .00 .01 .01 .26 .61 .01 .116 7.016E-02 10.444 .01 .06 .12 .12 .05 .28 .24 .11 .367 5.961E-02 11.330 .00 .07 .51 .06 .09 .39 .03 .05 .298 3.895E-02 14.017 .00 .64 .00 .47 .06 .02 .00 .06 .019 1.444E-02 23.022 .98 .21 .26 .33 .00 .03 .01 .25 .00
447
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Productivity-Quantity
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .227 .052 .019 .6229 2.081
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 4.935 8 .617 1.590 .129Residual 90.408 233 .388
Total 95.343 241
CoefficientsUnstandard
izedCoefficients
Standardized
Coefficients
t Sig.CollinearityStatistics
Model B Std. Error Beta Tolerance VIF1 (Constant) 3.641 .291 12.513 .000
Health .127 .049 .170 2.573 .011 .929 1.077Education -1.449E-02 .030 -.039 -.481 .631 .622 1.607
Age -2.429E-03 .005 -.036 -.508 .612 .801 1.249work years 2.274E-02 .013 .116 1.696 .091 .874 1.144household
annualincome
2.600E-04 .021 .001 .012 .990 .529 1.889
FAMSIZE 4.011E-02 .032 .099 1.234 .218 .636 1.572Gender -2.964E-02 .099 -.023 -.301 .764 .679 1.472
MARITAL -1.208E-02 .131 -.008 -.092 .927 .489 2.045a Dependent Variable: Productivity-quantity
448
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Productivity-quality
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .290 .084 .053 .5626 2.124
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 6.759 8 .845 2.670 .008Residual 73.741 233 .316
Total 80.500 241
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.655 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .520 3.838 .00 .00 .01 .00 .01 .01 .01 .42 .013 .303 5.028 .00 .00 .00 .00 .71 .00 .02 .07 .034 .228 5.800 .01 .02 .09 .01 .09 .00 .08 .02 .175 .114 8.208 .00 .00 .00 .01 .01 .27 .60 .01 .106 7.028E-02 10.437 .01 .06 .12 .12 .05 .26 .24 .11 .367 5.694E-02 11.595 .00 .07 .52 .06 .08 .40 .04 .06 .318 3.920E-02 13.974 .00 .64 .00 .47 .05 .02 .00 .05 .019 1.455E-02 22.940 .98 .21 .25 .34 .00 .03 .01 .25 .00
449
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Performance rating
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .327 .107 .076 .7052 1.915
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
Regression
13.882 8 1.735 3.489 .001
Residual 115.886 233 .497Total 129.769 241
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.655 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .520 3.838 .00 .00 .01 .00 .01 .01 .01 .42 .013 .303 5.028 .00 .00 .00 .00 .71 .00 .02 .07 .034 .228 5.800 .01 .02 .09 .01 .09 .00 .08 .02 .175 .114 8.208 .00 .00 .00 .01 .01 .27 .60 .01 .106 7.028E-02 10.437 .01 .06 .12 .12 .05 .26 .24 .11 .367 5.694E-02 11.595 .00 .07 .52 .06 .08 .40 .04 .06 .318 3.920E-02 13.974 .00 .64 .00 .47 .05 .02 .00 .05 .019 1.455E-02 22.940 .98 .21 .25 .34 .00 .03 .01 .25 .00
450
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Absences
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .324 .105 .075 1.2362 1.816
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1 Regression 42.410 8 5.301 3.469 .001Residual 360.667 236 1.528
Total 403.078 244
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.650 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .42 .023 .308 4.983 .00 .00 .00 .00 .72 .00 .01 .06 .034 .230 5.761 .01 .02 .09 .01 .06 .00 .08 .03 .185 .114 8.187 .00 .00 .00 .01 .01 .26 .61 .01 .106 7.045E-02 10.420 .01 .05 .11 .12 .05 .28 .24 .11 .387 5.993E-02 11.298 .00 .07 .52 .06 .10 .38 .03 .06 .298 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .06 .019 1.445E-02 23.009 .98 .21 .26 .34 .00 .03 .01 .26 .00
451
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Totally unable to work
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .298 .089 .058 1.1434 1.802
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
Regression
29.964 8 3.746 2.865 .005
Residual 308.542 236 1.307Total 338.506 244
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.650 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .42 .023 .308 4.983 .00 .00 .00 .00 .72 .00 .01 .06 .034 .230 5.761 .01 .02 .09 .01 .06 .00 .08 .03 .185 .114 8.187 .00 .00 .00 .01 .01 .26 .61 .01 .106 7.045E-02 10.420 .01 .05 .11 .12 .05 .28 .24 .11 .387 5.993E-02 11.298 .00 .07 .52 .06 .10 .38 .03 .06 .298 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .06 .019 1.445E-02 23.009 .98 .21 .26 .34 .00 .03 .01 .26 .00
452
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Cut down on work
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .141 .020 -.013 2.5020 1.958
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1Regression
30.058 8 3.757 .600 .777
Residual 1477.395 236 6.260Total 1507.453 244
CoefficientsUnstandar
dizedCoefficient
s
Standardized
Coefficients
t Sig.CollinearityStatistics
Model B Std. Error Beta Tolerance VIF1 (Constant) 3.767 1.164 3.236 .001
Health -.255 .197 -.087 -1.295 .197 .925 1.081Education 5.668E-02 .119 .038 .477 .634 .640 1.564
Age-1.484E-02 .019 -.057 -.776 .439 .781 1.280work years 2.139E-02 .054 .028 .399 .691 .863 1.159household
annualincome
2.716E-02 .084 .029 .324 .747 .526 1.902
FAMSIZE-2.745E-02 .130 -.017 -.211 .833 .629 1.589Gender .437 .394 .087 1.109 .269 .682 1.466
MARITAL -.156 .519 -.028 -.300 .765 .491 2.037a Dependent Variable: Cut down on work
453
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Work Time Use Index
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .300 .090 .057 1.9339 2.145
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1Regression
80.694 8 10.087 2.697 .008
Residual 815.332 218 3.740Total 896.026 226
Dimension
Eigenvalue ConditionIndex
VarianceProportions(Constant)
Health Education Age Workyears
Household
Income
FamilySize
Gender MaritalStatus
1 7.648 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .527 3.808 .00 .00 .01 .00 .00 .01 .01 .43 .023 .309 4.979 .00 .00 .00 .00 .69 .01 .01 .05 .044 .223 5.856 .01 .02 .09 .01 .10 .00 .09 .02 .165 .114 8.177 .00 .00 .00 .01 .02 .26 .57 .02 .096 6.966E-02 10.478 .01 .06 .17 .11 .05 .20 .25 .10 .347 5.709E-02 11.574 .00 .05 .47 .05 .08 .48 .05 .04 .348 3.739E-02 14.303 .00 .67 .01 .46 .06 .01 .01 .06 .019 1.450E-02 22.969 .98 .19 .25 .36 .00 .04 .01 .28 .00
454
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Pay Satisfaction
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .171 .029 -.004 2.9976 2.014
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1Regression
62.612 8 7.826 .871 .542
Residual 2075.722 231 8.986Total 2138.333 239
CoefficientsUnstandar
dizedCoefficient
s
Standardized
Coefficients
t Sig.CollinearityStatistics
Model B Std. Error Beta Tolerance VIF1 (Constant) 10.911 1.404 7.769 .000
Health .222 .238 .063 .932 .352 .934 1.071Education -.198 .145 -.112 -1.368 .173 .630 1.587
Age-5.575E-03 .023 -.018 -.242 .809 .800 1.250work years -.110 .065 -.117 -1.698 .091 .880 1.137household
annualincome
8.071E-02 .102 .070 .794 .428 .534 1.872
FAMSIZE-7.840E-04 .156 .000 -.005 .996 .636 1.571Gender -.585 .476 -.097 -1.229 .220 .682 1.467
MARITAL .264 .632 .039 .418 .676 .489 2.044a Dependent Variable: PAYSAT
455
a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Organizational Commitment
Model SummaryModel R R SquareAdjusted R
SquareStd. Error
of theEstimate
Durbin-Watson
1 .199 .039 .006 3.6987 1.839
ANOVAModel Sum of
Squaresdf Mean
SquareF Sig.
1Regression
129.756 8 16.220 1.186 .308
Residual 3160.139 231 13.680Total 3289.896 239
CoefficientsUnstandar
dizedCoefficient
s
Standardized
Coefficients
t Sig.CollinearityStatistics
Model B Std. Error Beta Tolerance VIF1 (Constant) 17.482 1.733 10.088 .000
Health .414 .294 .094 1.409 .160 .934 1.071Education -.271 .178 -.124 -1.521 .130 .630 1.587
Age 2.723E-02 .028 .069 .957 .340 .800 1.250work years-1.792E-02 .080 -.015 -.225 .822 .880 1.137household
annualincome
-2.661E-02 .125 -.019 -.212 .832 .534 1.872
FAMSIZE -.189 .193 -.079 -.980 .328 .636 1.571Gender .278 .587 .037 .474 .636 .682 1.467
MARITAL .881 .780 .104 1.130 .260 .489 2.044a Dependent Variable: ORGCOMIT
456
APPENDIX 22
Correlations, Means, and Standard Deviations Among Variables inStructural Equation Models
457
Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Productivity (N = 262)
V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000V38 -0.031 -0.002 -0.043 -0.006 0.095 0.056 -0.023 -0.062 0.001 0.107 -0.036 -0.053 -0.036 -0.022 -0.054 -0.051 -0.033 1.000V39 0.056 0.154 0.104 0.099 0.182 0.062 0.007 -0.117 -0.028 0.190 0.123 0.120 0.115 -0.047 -0.137 -0.112 -0.073 0.530 1.000V40 0.139 0.119 0.111 0.180 0.189 0.135 0.082 0.054 0.123 0.190 0.238 0.158 0.156 -0.023 0.000 -0.062 0.000 0.409 0.466 1.000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 4.153 4.310 4.139SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 0.614 0.575 0.740
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v38 =productivity-quantity, v39 = productivity- quality, v40 = productivity-performance rating
458
Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Negative Work Time Use (N = 262)
V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65 absenceV5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000Negwork -0.003 -0.209 -0.095 -0.066 -0.034 -0.095 -0.076 -0.096 -0.132 -0.081 -0.276 -0.339 -0.315 0.197 0.153 0.136 0.222 1.0000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 0.983SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 1.278
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, absence =negative work time use index
459
Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Absenteeism (N = 262)
V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65 absenceV5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000Absence -0.015 -0.117 -0.080 -0.088 -0.038 -0.064 0.091 -0.080 -0.131 -0.161 -0.095 -0.119 -0.048 0.167 0.057 0.186 0.114 1.000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 17.635SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 22.921
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, absence = totalnumber of absent days (the sum of the frequency of absences and work loss days) negative work time use index
460
Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Organizational Commitment (N = 262)
V5 V6 V7 V8 V9 V10 V13 V16 v17 v31 v32 v33 v54 v55 v56 v57 v58 v59V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.783 1.0000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.701 0.814 1.000V54 -0.039 0.036 0.005 -0.033 -0.026 0.014 0.045 0.017 0.099 0.093 0.043 0.058 1.000V55 -0.027 0.079 0.038 -0.000 0.009 -0.004 0.032 0.031 0.065 0.070 0.013 0.067 0.770 1.000V56 0.027 0.168 0.086 0.027 0.077 -0.028 0.050 -0.152 0.001 0.142 0.098 0.117 0.622 0.692 1.000V57 0.055 0.102 0.043 0.048 0.059 0.055 0.048 0.023 0.039 0.099 -0.004 0.088 0.493 0.474 0.433 1.000V58 0.010 0.146 0.058 0.015 0.025 -0.059 0.073 -0.029 0.066 0.083 0.014 0.072 0.598 0.654 0.623 0.491 1.000V59 -0.021 0.062 -0.016 -0.029 -0.031 -0.049 0.018 -0.044 0.030 0.039 0.008 0.066 0.692 0.772 0.638 0.466 0.713 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.220 -0.211 -0.201 -0.091 -0.033 -0.059 -0.044 -0.117 -0.072V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 -0.159 -0.172 -0.153 -0.190 -0.163 -0.183 -0.118 -0.154 -0.168V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.223 -0.195 -0.203 -0.186 -0.150 -0.183 -0.150 -0.111 -0.126V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.236 -0.257 -0.257 -0.131 -0.165 -0.186 -0.143 -0.089 -0.104KNOWLED 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 0.287 0.272 0.244 0.101 0.130 0.086 0.137 0.094 0.089M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 5.069 3.165 3.084 3.385 3.099 3.149 3.274 2.980 3.053SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 2.213 0.999 0.937 0.673 0.843 0.726 0.650 0.760 0.786
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v54 – v59 =organizational commitment 1 - 6
461
V62 v63 v64 v65 v66V5V6V7V8V9V10V13V16V17V31V32V33V54V55V56V57V58V59V62 1.000V63 0.564 1.000V64 0.626 0.748 1.000V65 0.553 0.752 0.766 1.000KNOWLED -0.085 0.013 -0.049 -0.092 1.000M 1.215 1.122 1.118 1.122 2.614SD 0.464 0.339 0.335 0.361 1.101
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v54 – v59 =organizational commitment 1 - 6
462
Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Pay Satisfaction ( N= 262)
V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000V50 -0.020 0.050 0.011 -0.018 0.039 0.058 0.081 0.056 0.055 0.059 0.107 0.123 0.139 -0.145 -0.066 -0.178 -0.124V51 -0.024 0.039 0.011 0.020 0.032 -0.055 0.023 0.053 -0.041 0.095 0.088 0.094 0.121 -0.111 -0.079 -0.010 -0.040V52 -0.053 0.017 0.020 0.019 0.064 -0.028 0.037 -0.010 -0.018 0.105 0.100 0.090 0.119 -0.053 -0.075 -0.125 -0.077V53 -0.024 0.105 0.075 -0.007 0.009 -0.067 0.037 -0.017 -0.079 0.060 0.083 0.108 0.149 -0.050 -0.019 -0.114 -0.051M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361
v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a
behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 - 4, v50 - v53 = PaySatisfaction 1 - 4
463
v50 v51 v52 v53V50 1.000V51 0.496 1.000V52 0.657 0.604 1.000V53 0.617 0.619 0.545 1.000M 2.748 2.644 2.644 2.596SD 0.847 0.928 0.9111 0.853 v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 =Financial a behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict1 - 4, v40 = Performance Rating, v41 = Absenteeism, v50 - v53 = Pay Satisfaction 1 - 4
464
APPENDIX 23
Financial Attitudes and Financial Behaviors in a Follow-up Survey
465
As a result of the participation in the education andindividual counseling, I
Yes No
Have a more adequate knowledge of personal finances 42(80.8)
10(19.2)
Feel that I am in more control of my personal finances 34(65.4)
18(34.6)
Feel more confident in managing money to achieve myfinancial goals
38(73.1)
14(26.9)
Feel more confident in making investment decisions 26(51.0)
25(49.0)
Have a better understanding of the relationship between risksand returns in investing
30(57.7)
22(42.3)
466
As a result of the participation in the education andindividual counseling, I
Yes No NA
Tried to determine how much I will need to livecomfortably in retirement
28(56.0)
16(32.0)
6(12.0)
Started making contributions to my 401(k) retirement plan 5(9.6)
11(21.1)
36(69.2)
Increased the amount of my contributions to my 401(k)retirement plan but not to the maximum
9(17.3)
24(46.1)
19(36.5)
Increased the amount of my contributions to my 401(k) planup to the maximum
3(6.7)
28(53.8)
21(40.4)
Changed the way the money in my 401(k) plan is invested 13(25.5)
29(56.9)
9(17.6)
Did not change my 401(k) plan investments because it wasunnecessary
27(54.0)
14(28.0)
9(18.0)
Increased the amount I repay on the loan that I obtainedfrom my 401(k) retirement plan
1(1.9)
14(26.9)
37(71.2)
Decided to participate in or increase my contribution to thepre-tax dependent care program
2(3.8)
21(40.3)
29(55.8)
Decided to participate in or increase my contribution to thepre-tax health care program
2(3.8)
28(53.9)
22(42.3)
Decided to change the amount of life insurance I purchasethrough my employer
2(3.8)
32(61.5)
18(34.6)
Sought additional financial advice from a financial advisorother than this outside financial education provider
8(15.6)
35(68.6)
8(15.7)
Increased the amount of my savings outside of my 401(k)plan
19(36.5)
26(50.0)
7(13.5)
Developed a budget or spending plan 17(32.7)
25(48.1)
10(19.2)
Developed a plan for my financial future 23(44.2)
23(44.2)
6(11.5)
Reduced some of my personal debts 19(37.2)
19(36.5)
13(25.5)
Paid my credit card bills on time 18(35.3)
8(25.4)
25(49.0)
Sought advice from an attorney to develop or update a willor for other estate planning purposes
7(13.5)
30(57.7)
15(28.8)
467
Appendix 24
IRB Request Form
468
RESEARCH PROTOCOL
TITLE: WORKPLACE FINANCIAL EDUCATION, FINANCIAL WELL-BEING,
AND WORK OUTCOMES
Justification of Project
The problem of this research is to explore the effects of workplace financial education on
workers’ personal finances and work outcomes. A conceptual model will be developed to
explain how workplace financial education can potentially improve employees’ financial
well-being as well as impact work outcomes. An empirical model will be tested that
explains the relationships among workplace financial education, financial well-being,
personal finance-work conflict, and work outcomes.
The conceptual model of workplace financial education, personal finances, and work
outcomes will provide a base for future research and theory development. The model will
help to explain the effects of workplace financial education on personal finances and work
outcomes. This study will provide the conceptual model that explains how workplace
financial education changes personal financial management and personal financial well-
being. The model will also help to understand how personal finances are related to work
outcomes. Personal finance-work conflict will be used to link the personal financial well-
being and workers’ attitudes, behaviors and productivity at work.
Empirical testing between workplace financial education and financial well-being will be
used to identify the effectiveness of workplace financial education. The profile of personal
financial well-being will help understand the workers’ financial situation and determine
their problems. The information of the work outcomes-productivity, absenteeism,
organizational commitment, and job satisfaction will be useful to employees, employers,
researchers, and policy makers. Any relationship found between financial well-being and
work outcomes will illustrate the need for workplace financial education to employees,
human resources managers, employers, and policy makers.
469
Measures of financial attitudes and behaviors could be used to quantify the effects of
financial education by financial educators and financial planners. Subjective and objective
measures of financial well-being will be used to determine the current financial situation
for the future studies. Measures of personal finance-work conflict and four work outcomes
will help to identify the importance of personal finances on work life.
Procedures
Respondents for this survey will be drawn from the payrolls of the XXX company. The
research design will be a pre-assessment and post-assessment survey. The pre-assessment
data will be collected in February 1999 before workplace financial education seminars are
provided. A cover letter, which introduces the research study and assures confidentiality
and stresses the need for participation, will be placed along with a survey questionnaire in
a business envelope. The first survey questionnaire for a pre-assessment will be mailed. A
week after the first survey instrument is mailed, a thank-you/reminder postcard will be
mailed. Completed surveys will be returned directly to the investigators, not to the
employer. In this way, the anonymity of the respondent will be preserved. Index cards will
allow respondents to participate in a lottery drawing for a $200 cash prize. It is hoped that
this will provide additional incentive to the respondent to complete and return the
questionnaire, thus increasing the response rate. Respondents will be instructed to provide
their names and addresses on the index card with the answered questionnaire. Three weeks
after the first questionnaire is mailed, a follow-up questionnaire with a shorter cover letter
will be sent to non-respondents. The workplace financial education seminar will be
delivered in March. The same survey method will be used for the post-assessment survey
three months after the workplace financial education seminars are provided.
Risks and Benefits
There are no risks to the respondents participating in this research. Data collection and
analysis will be conducted with strict confidentiality. Results of this study will be used to
support a need for providing workplace financial education to improve workers’ financial
well-being and work outcomes.
470
Confidentiality/Anonymity
Confidentiality will be maintained during the research process. The respondents cannot be
identified with any numbers. Subject names will never be associated with their responses.
Only the investigators will access to the personal information. The respondent’s name,
address, and any other personal data will not be shared with the employer.
Biographical Sketches
Jinhee Kim (1-6677) is a doctoral candidate in the Department of Near Environments.
E. Thomas Garman (1-6677) is Ms. Kim’s research supervisor. He is also a COTA Fellow
and professor in the Department of Near Environments in the College of Human Resources
and Education
Paul Camp (1-8880) is Director of Research for the Personal Finance Employee Education
Outreach Effort.
471
VITA
Jinhee Kim was born in April 2, 1971 and attended elementary school and
secondary school in Ulsan, Korea. She entered Seoul National University in Seoul, Korea
in 1989 and earned the Bachelor of Science in Home Economics with honor in 1993. Upon
graduation, she decided to pursue graduate work at Seoul National University and received
her Master of Science in Consumer Economics in 1995. She served as a researcher and
instructor at universities in Korea from 1995 through 1996.
In August 1996, Kim enrolled in Virginia Polytechnic Institute and State University
to pursue a Ph.D. focusing on consumer economics. She worked as a graduate teaching
assistant during her graduate program. She was a co-editor of Personal Finances Worker
Productivity from August 1998 to December 1999. She worked as a director of research at
National Institute for Personal Finance Employee Education from August 1999 –
December 1999.
She received the Alfred and Shirley Wampler Caudill Research Scholarship as a
co-recipient in 1998 and 1999. Also, she received the Alfred and Shirley Wampler Caudill
Research Scholarship in 2000. She received the Award for the Best Student Paper at the
Association for Financial Counseling and Planning Education in 1999.
Kim is a member of the American Council on Consumer Interests, the Association for
Financial Counseling and Planning Education, and Kappa Omicron Nu.