A Further Examination of Financial Help-seeking Behavior

Grable, J. E. &
So-hyun Joo, S. (2001). A further examination of financial help-seeking
behavior, Financial Counseling and Planning, 12(1), 55-66.

A Further
Examination Of Financial Help-Seeking Behavior

E. Grable

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

Key words: Help-Seeking,
Financial planners, Financial counseling, Help-seeking framework 

1. John
E. Grable, Assistant Professor, 318 Justin Hall, Family Studies and Human
Services, College of Human Ecology, Kansas State University, Manhattan,
KS 66506, Phone: 785-532-1486, Fax: 785-532-5505,E-Mail: grable@humec.ksu.edu

2.  So-hyun Joo, Assistant Professor, College of Human Sciences, Box 41162,
Texas Tech University, Lubbock, TX 79409-1162, Phone:806- 742-3050, Fax:806-742-1639,
E-Mail: sjoo@hs.ttu.edu