Fitzsimmons, 1994

Fitzsimmons, V. S. & Leach L. J. (1994). Net worth
change: Beginning and expanding life cycle stages. Financial Counseling and
5, 65-82.


Net Worth Change: Beginning and Expanding Life Cycle


Vicki Schramm Fitzsimmons (1)
and Lauren J. Leach (2)

Studying change in net worth enables assessment of a family’s financial
progress. Longitudinal panel data from 136 couples in the first 11 years of
marriage were used in this study. Influences of selected variables on
percentage change in net worth were examined. Change in household income and
wife’s change in educational level were related negatively to percentage change
in net worth. Implications for researchers and for financial educators,
counselors, and planners are discussed.

 Key Words: family life cycle, financial management, net worth

1. Vicki Schramm Fitzsimmons, University
of Illinois at Urbana-Champaign, 274 Bevier Hall, 905 S. Goodwin Ave., Urbana,
IL 61801. Phone: (217) 333-2958 Fax: (217) 244-1873. E-mail:

2. Lauren J. Leach,


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