June 23, 2007 1 Tahira Hira Departments of Human Development and Family Studies American Association of Family and Consumer Sciences How Different Cultures Approach Investing Tahira K. Hira – Iowa State University Caezilia Loibl – Ohio State University Tom Schenk Jr. – Iowa State University
How Different Cultures Approach Investing. Tahira K. Hira – Iowa State University Caezilia Loibl – Ohio State University Tom Schenk Jr. – Iowa State University. Objectives. Analyze characteristics of high net-worth households by racial/ethnic groups - PowerPoint PPT Presentation
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
June 23, 2007
1
Tahira Hira
Departments of Human Development and Family Studies
American Association of Family and Consumer Sciences
How Different Cultures Approach Investing
Tahira K. Hira – Iowa State University Caezilia Loibl – Ohio State University Tom Schenk Jr. – Iowa State University
June 23, 2007
2
Departments of Human Development and Family StudiesTahira Hira
American Association of Family and Consumer Sciences
Objectives• Analyze characteristics of high net-worth households by racial/ethnic groups
• Explore patterns of financial socialization
• Determine primary investment decision makers
• Identify Adult Learning Preferences & Investment Information Sources
June 23, 2007
3
Departments of Human Development and Family StudiesTahira Hira
American Association of Family and Consumer Sciences
Background• Financial Socialization
– Parental Involvement– Financial role-models
• Financial decision makers– Sole decision– Joint decisions with spouse or others
Departments of Human Development and Family StudiesTahira Hira
American Association of Family and Consumer Sciences
Learning PreferencesPercentage Who Responded "Agree" or ”Strongly Agree"
Learning Preferences White Black Asian HispanicEnjoy learning things** 85.0% 90.3% 91.4% 92.8%Seminars are useful 51.8% 80.3% 73.9% 68.2%Prefer discussing one-