{"id":9827,"date":"2020-02-12T11:43:51","date_gmt":"2020-02-12T16:43:51","guid":{"rendered":"https:\/\/www.afcpe.org\/?p=9827"},"modified":"2020-02-12T11:45:33","modified_gmt":"2020-02-12T16:45:33","slug":"researchwednesday-financial-ratios-and-financial-satisfaction","status":"publish","type":"post","link":"https:\/\/www.afcpe.org\/news-and-publications\/blog\/researchwednesday-financial-ratios-and-financial-satisfaction\/","title":{"rendered":"#ResearchWednesday: Financial ratios and financial satisfaction"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9827\" class=\"elementor elementor-9827\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-163dcbc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"8934\" data-id=\"163dcbc0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-26495480\" data-eae-slider=\"35790\" data-id=\"26495480\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-15dfb2d9 elementor-widget elementor-widget-text-editor\" data-id=\"15dfb2d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Exploring associations between objective and subjective measures of financial well-being among older Americans.<\/strong><\/p><p>Financial planners and counselors use various methods to measure individuals\u2019 financial situations. One method is to calculate financial ratios and compare them to benchmarks recommended by financial professionals.This study examines three financial ratios including the liquidity ratio, the debt-to-asset ratio, and the investment ratio. These financial ratios are considered objective measures of individuals\u2019 financial condition. \u00a0These objective measures are compared to individuals\u2019 perceptions of financial well-being.<\/p><p><strong>Goal:<br \/><\/strong>The goal of this study is to explore the relationship between the financial ratios and perceptions of financial well-being, specifically for older Americans.<\/p><p><strong>Results:<br \/><\/strong>The results of this study suggest financial planners should use financial ratios but not overly rely on the on them as the financial ratios only tell part of the story. Educators of financial planning and financial literacy can use this study to help emphasize to students the importance of understanding financial ratios and that some ratios likely are related to perceptions of financial well-being. For example, for older Americans, this study suggests that increases in the investment ratio are related to higher increases in perceptions of financial satisfaction compared to increases in the liquidity ratio.<\/p><p><strong>Guest Contributor:<\/strong> \u00a0<em>Jacob A. Tenney, University of Charleston &amp; <br \/><\/em><em>Charlene M. Kalenkoski, Texas Tech University<\/em><\/p><p>This study has been accepted for publication in the Journal of Financial Counseling &amp; Planning. Read the full research <a href=\"https:\/\/www.afcpe.org\/news-and-publications\/journal-of-financial-counseling-and-planning\/accepted-papers\/financial-ratios-and-financial-satisfaction-exploring-associations-between-objective-and-subjective-measures-of-financial-well-being-among-older-americans\/\">HERE<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-096fcf5\" data-eae-slider=\"46102\" data-id=\"096fcf5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9979584 elementor-widget elementor-widget-image\" data-id=\"9979584\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12-1024x1024.png\" class=\"attachment-large size-large wp-image-9828\" alt=\"\" srcset=\"https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12-1024x1024.png 1024w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12-300x300.png 300w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12-150x150.png 150w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12-768x768.png 768w, https:\/\/www.afcpe.org\/wp-content\/uploads\/2020\/02\/February-12.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Exploring associations between objective and subjective measures of financial well-being among older Americans. Financial planners and counselors use various methods to measure individuals\u2019 financial situations. One method is to calculate financial ratios and compare them to benchmarks recommended by financial professionals.This study examines three financial ratios including the liquidity ratio, the debt-to-asset ratio, and the investment ratio. These financial ratios [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":9828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[16],"tags":[121],"class_list":["post-9827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-researchwednesday","tag-researchwednesday"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>#ResearchWednesday: Financial ratios and financial satisfaction - AFCPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.afcpe.org\/news-and-publications\/blog\/researchwednesday-financial-ratios-and-financial-satisfaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"#ResearchWednesday: Financial ratios and financial satisfaction - AFCPE\" \/>\n<meta property=\"og:description\" content=\"Exploring associations between objective and subjective measures of financial well-being among older Americans. 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