06/24/2024

Journal Articles

Chawla, I., Russell, M. B., White, K. J., and DeVaney, S. A. (2023), 31(2 & 3). Fear and Trust in Financial Institutions: A Thematic Analysis. Financial Services Review.

DeVaney, S. A. & Lee, J. M. (2023). A Review of Housing Articles in FCSRJ: 2008-2022. Family and Consumer Sciences Research Journal, 50(3). 

Heo, W., Moon, K., & Ahn, S. Y. (2024). Unmasking the phantoms of generations: A comparative study of financial responsibility and stress across generational divides. Journal of Financial Therapy, 15(1), 2. doi:10.4148/1944-9771.1382

Heo, W., Yao, R., & Cho, S. H. (2024). Perceived mental health and physical health during the pandemic: The role of financial stress. Journal of Financial Counseling and Planning, Advanced online. doi:10.1891/JFCP-2022-0108

Yi, L., Heo, W., & Pearson, B. (2024). How do personality traits relate to financial satisfaction during the COVID-19 pandemic? Journal of Financial Counseling and Planning (in the publishing process)

Heo, W., Kim, E., Kwak E. J., & Grable, J. E. (2024). Identifying hidden factors associated with household emergency fund holding: A machine learning application. Mathematics, 12(2), 182. doi: 10.3390/math12020182

Moon, K., Heo, W., Lee, J. M., & Grable, J. E. (2023). Financial stress and COVID-19: A comprehensive analysis of the factors associated with the pandemic. Risks, 11, 218. doi: 10.3390/risks11120218

Lee, J. M., Rabbani, A., & Heo, W. (2023). Examining financial anxiety focusing on interactions between financial knowledge and financial self-efficacy. Journal of Financial Therapy, 14(1), 2. doi: 10.4148/1944-9771.1279

Kim, K. T., Cho, S. H., and Xiao, J. J. (2023). Is ignorance bliss? Use of alternative financial services, financial literacy, and financial anxiety. Journal of Family and Economic Issues, 44, 956-967. https://doi.org/10.1007/s10834-022-09883-8 [SSCI]

Gallardo, J.E., MacDonald, M., Lim, H.N., and Kiss, D.E. (2024). An examination of student loan debt, financial threats, and financial anxiety. Journal of Personal Finance, 23(1), p.47

Preece, G. L., & D. E. Kiss (2023). Development of a responsible financial behaviors index. Journal of Financial Counseling and Planning, 34(2). Doi: 10.1891/JFCP-2022-0046

Kim, K. T., Xiao, J. J., & Porto, N. (2024). Financial inclusion, financial capability and financial fragility during COVID-19 pandemic. International Journal of Bank Marketing, 42(3), 414-436.

Porto, N. & Xiao, J. J. (2024) “Life Skills: Teaching Personal Finance to College Students during a Pandemic.” Invited book chapter for Effective Methods for Teaching Business Related Topics During and Post Crisis. Vol.2. Edited by Dr. James Blair and Dr. Marcel Robles. National Business Education Association. Reston, VA

Mandal, B., Porto, N., Kiss, D. E., Cho, S. H., & Head, L. S. W. (2023). Health insurance coverage during the COVID‐19 pandemic: The role of Medicaid expansion. Journal of Consumer Affairs, 57(1), 296-319.

Leedahl, S. N., Pascuzzi, E., McCurdy, K., & Porto, N. (2023). Beyond Employment: Lower Income Participants' Experiences in a Healthcare Training Program for Medical Assistants, Pharmacy Technicians, and Certified Nursing Assistants. Internet Journal of Allied Health Sciences and Practice, 21(3), 24.

Xiao, J., Kim, K. T., & Lee, S. (2024). Consumer Financial Capability and Financial Well-being: Multi-year analyses, Applied Research in Quality of Life 19(1), 547-580 [SSCI] https://doi.org/10.1007/s11482-023-10253-1

Wheeler, B. E., & Brooks, C. (2024). Financial safety nets or rescue fantasies? A moderating view of the relationship between usage of alternative financial services and financial anxiety among college students. Journal of Family and Economic Issues. Advanced Online Publication. https://doi.org/10.1007/s10834-024-09961-z

Yorgason, J. B., Segel-Karpas, D., Ermer, A., Weller, H., Owens, S., & Wheeler, B. E. (2024). What are we worried about? Mid-life couples’ financial concerns about their retirement. Family Relations. Advanced Online Publication. https://doi.org/10.1111/fare.13028

Wheeler, B. E., Wilmoth, J. D., Phillips, T. M., & Brooks, C. (2024). What factors within the context of a romantic relationship and the couples’ finances are related to the level of religiosity among contemporary emerging adults? Journal of Human Sciences and Extension, 12(1), 1. https://doi.org/10.55533/2325-5226.1374

Li, X., Wheeler, B. E., James, S., LeBaron-Black, A. B., Holmes, E. K., & Yorgason, J. B., & (2024). For richer, for poorer: Financial behaviors, marital power, and relational aggression among newlyweds. Family Process, 63(1), 176-191. https://doi.org/10.1111/famp.12886

LeBaron, A. B., Saxey, M. T., Totenhagen, C. J., Wheeler, B. E., Archuleta, K. L., Yorgason, J. B., & James, S. (2023). Financial communication as a mediator between financial values and marital outcomes. Family Relations, 72(4), 1974-1992. https://doi.org/10.1111/fare.12786

Wheeler, B. E., & Brooks, C. (2023). Financial socialization, financial identity, and financial well-being among university students taking a consumer economics course. Journal of Family and Economic Issues. Advanced Online Publication. https://doi.org/10.1007/s10834-023-09930-y

Phillips, T. M., Smith, J. R., Long, A. C., Wheeler, B. E., Marks, L. D., Goodman, M., Hatch, T., & Wall, S. K. (2023). Family Home Evening as a model for promoting family health. International Journal of Latest Research in Humanities and Social Sciences, 6(11), 98-103.

Wheeler, B. E., & Brooks, C. (2023). Financial concerns, relationship happiness, and financial management behaviors: A moderating relationship among married and cohabiting participants. Journal of Family and Economic Issues, 44(2), 325-341. https://doi.org/10.1007/s10834-022-09824-5

Phillips, T. M., Wilmoth, J. D., Wheeler, B. E., Long, A. C., Pylate, L., & Brink, J. (2023). Religiosity and well-being in emerging adults. Religion and Education, 50(1), 70-81. https://doi.org/10.1080/15507394.2022.2154105

Worthy, S. & Lee, H. (in press). Healthy lifestyle and well-being through the lens of family and consumer sciences, Journal of Family and Consumer Sciences.

Qi, J., Chatterjee, S., Worthy, S. L., Herndon, K., & Wojdynski, B. (2024). Using an extended post-acceptance framework to examine consumer adoption of fintech. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-10-2022-0448

Zhang, Y. (2024). ESG perceptions: Investigating investor motivations and characteristics. Financial Services Review, 32(2).

Zhang, Y., & Fan, L. (2023). An examination of mobile fintech utilization from a stress-coping perspective. Journal of Financial Counseling and Planning, 34, 354–366. DOI: 10.1891/JFCP-2022-0061

Zhang, Y., & Chatterjee, S. (2023). Financial literacy, financial stress, and financial well-being in the United States. Sustainability, 15(5), 4505. DOI: 10.3390/su15054505

Ma, Q., Ying, Y. & Yao, R. (2024). The impact of Chinese public expenditures on household investment in risky financial assets: Evidence from a national survey. Journal of Consumer Affairs, forthcoming

Yao, R., Xu, Y. & Zhang, J. (2023). Household financial resilience from a health perspective. Journal of Consumer Affairs, 57(3), 1258-1280. DOI:10.1111/joca.12525.

Yao, R. & Zhang, J. (2023). Employment status and financial resilience during the COVID-19 pandemic. International Journal of Bank Marketing, DOI: 10.1108/IJBM-08-2022-0371.

Yao, R. & J. J. Xiao. (2023). Financial capability and informal bankruptcy: Comparing student loan holders and non-holders. International Journal of Bank Marketing, 41(1), 34-51. DOI:10.1108/IJBM-05-2022-0207.

 

Awards and Recognition

Lorna Saboe-Wounded Head received the American Council on Consumer Interests (ACCI) Stewart M. Lee Consumer Education Award

KT Kim received the American Council on Consumer Interests (ACCI) Mid-Career Award

Sharon DeVaney and Jae Min Lee received the FCSRJ Best Paper Award in Housing and Interior Design for 2023. Awarded at the 2024 AAFCS Annual Conference, Minneapolis, Minnesota.

Sharon DeVaney and Jae Min Lee’s article was recognized as 2024 Wiley Top Downloaded Article, One of the most downloaded papers during its first 12 months of publication (January 1 2022-December 31 2022). Review of Best Papers in Personal Finance: 2008-2020.

Isha Chawla, Mia Russell, Ken White, and Sharon DeVaney received 2023 Academy of Financial Services Conference Best Paper Award for their paper titled, Fear of financial loss due to history, misunderstanding of banking, and trust issues: A thematic analysis.

Tim Griesdorn and Sharon DeVaney received 2023 Best Paper Award in its section in the Fall Conference, Academy of Business Research Fall Conference The health and wealth connection to financial wellbeing during COVID-19.

05/28/2025

Publications

Journal Articles

 

An, T., Xiao, J.J., Porto, N. & Cruz, L. (2025) Mobile payment, financial behavior and financial anxiety: a multi-group structural equation modeling study. International Journal of Bank Marketing, Vol. 43 No. 3, pp. 549-568.

 

Cruz, L. A., Peñaloza, V., Porto, N., & An, T. (2025) The role of personal and cultural values on saving behavior: a cross-national analysis. International Journal of Sociology and Social Policy.

 

Porto, N. & Carroll, K. (2025) Financial Education of Emerging Adults. Invited book chapter for Flourishing and Floundering Financially in Emerging Adulthood: A Handbook. Ed. by A. LeBaron-Black, H. Kelley, & A. Sorgente. Oxford Academic.

 

Porto, N.& Xiao, J. J. (2025) Life Skills: Teaching Personal Finance to College Students during a Pandemic. Invited book chapter for NBEA Effective Methods for Teaching Business Related Topics During and Post Crisis.

 

Heo, W., Liu, Y., & Park, H. (2025). Financial stress, psychological factors, and financial knowledge on life satisfaction: A comparative pre- and post-COVID cross-sectional analysis in the United States. Applied Research in Quality of Life, (In press) https://doi.org/10.1007/s11482-025-10431-3

 

DeVaney, S. A. & Lee, J. M. (2024). A Review of Professional Issue Papers in FCSRJ: 2009-2022. Family and Consumer Sciences Research Journal, 51(1), http://doi.org/10:111/fcsr.12522

 

Sanjeevi, N., Hebert, L., Mandal, B., Monsivais, P. “Loss of pregnancy-related Medicaid coverage is associated with unmet need for health care, medical financial hardship and lower health care use in postpartum women”. Public Health Challenges, March 2025, 4(1): e70044. https://doi.org/10.1002/puh2.70044

 

Mandal, B. “Medicaid expansion and participation in the Supplemental Nutrition Assistance Program: The role of Integrated Eligibility Systems”. Applied Economic Perspectives and Policy, March 2025, 47(1): 154-175. https://doi.org/10.1002/aepp.13466

 

Qi, J., Zhang, Y., & Worthy, S. (2024). Social determinants of health and desirable financial behaviors: The mediation effect of financial knowledge. Financial Services Review, 32(4), 51-77.

 

Qi, J., Zhang, Y., Worthy, S., & Kim, J. (in press). From financial self-efficacy to financial behaviors: The role of financial advice seeking and stress. Journal of International Bank Marketing.

 

Heo, W., Moon, K., & Ahn, S. Y. (2024). Unmasking the phantoms of generations: A comparative study of financial responsibility and stress across generational divides. Journal of Financial Therapy, 15(1), 2. doi:10.4148/1944-9771.1382

 

Yi, L., Wollan, P., & Heo, W. (2024). Evaluating the impact of COVID-19 on financial conditions and well-being: Exploring the moderating influence of personality traits on life satisfaction, Applied Economics Letters, 1-4, https://doi.org/10.1080/13504851.2024.2404160  

 

Heo, W., Liu, Y., & Lee, J. M. (2024). Improving communication with financial consumers: Insights from a study of Phone Call Phobia. Financial Services Review, 32(4), 78-102.

 

Heo, W., Yao, R. & Cho, S. H. (2024). Perceived mental and physical health during the Pandemic: The role of financial stress. Journal of Financial Counseling and Planning, 35(2), 215-233.

 

Yao, R. & Zhang, J. (2024). Pandemic-induced job loss and mental health: Evidence from a moderated mediation model. Review of Development Economics, 1–21. https://doi.org/10.1111/rode.13162

 

Awards

 

Jinhee Kim received the American Council on Consumer Interests (ACCI) Distinguished Fellow Award

 

Nilton Porto recognized as Top Reviewer by the Financial Planning Review

 

2024 Wiley Top Downloaded Article, DeVaney, S. A. & Lee, J. M. “A Review of Best Papers in Personal Finance: 2008-2020.” One of the most downloaded papers during its first 12 months of publication (January 1 2022-December 31 2022). 

 

FCSRJ Best Paper Award in Housing and Interior Design. 2024 American Association of Family and Consumer Sciences (AAFCS) Annual Conference, Minneapolis, Minnesota. DeVaney, S. A. and Lee, J. M. A review of housing articles in FCSRJ: 2008-2022.

09/04/2026

JOURNAL ARTICLES

Cho, H., Kim, K. T., & Han, J. (2026). A closer look at Generation Z: Financial knowledge and financial anxiety during an economic shock. The Korean Society of Community Living Science, 37(2), 273–285. https://doi.org/10.7856/kjcls.2026.37.2.273

Diaz, J., & Cho, S. H. (accepted). Self-efficacy and life satisfaction: The mediating role of financial stability. Journal of Financial Counseling and Planning, Special Issue on Diversity and Consumer Finance.

Grable, J. E., Heo, W., & Rabbani, A. (2026). Decoding household portfolio risk: The interplay of knowledge, tolerance, and aversion. Journal of Financial Service Professionals, 80(2), 61.

Griesdorn, T., & DeVaney, S. A. (2025). A new approach to teaching personal financial education. Financial Services Review, 33(4), 75–86.

Griesdorn, T. S., DeVaney, S. A., Cho, S. H., & Liu, Y. (2026). Associations among trust, optimism, resilience, and life satisfaction during the COVID-19 pandemic. Journal of Family and Consumer Sciences, 118(2), 29–37. https://doi.org/10.14307/JFCS118.2.29

Heo, W. (2025). Revisiting algorithmic bounded rationality with potential solutions: How recommendation systems amplify cognitive biases in consumer decision-making. Journal of Consumer Affairs, 59(4), e70032. https://doi.org/10.1111/joca.70032

Heo, W. (2026). Time-varying linkages between survey-based financial risk tolerance and stock market dynamics: Signal decomposition and regime-switching evidence. Mathematics, 14(4), 667. https://doi.org/10.3390/math14040667

Heo, W., & Ahn, S. Y. (2026). Rethinking emotional labor: AI’s role in shaping consumer and worker well-being. Journal of Consumer Affairs, e70050. https://doi.org/10.1111/joca.70050

Kim, K. T., Han, J., & Cho, H. (2026). The triad of finance: Understanding financial knowledge, advice-seeking, and financial planning horizons. International Journal of Bank Marketing, 44(6), 1073–1094. https://doi.org/10.1108/IJBM-01-2025-0033

Kim, K. T., Lee, J., & Lee, S. (in press). From perception to loss: A two-phase approach to understanding financial fraud. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-10-2025-0852

Kim, K. T., Liu, Y., & Lee, S. (2026). Exploring diverse drivers: Examining the spectrum of motivations. International Journal of Bank Marketing, 44(3), 422–438. https://doi.org/10.1108/IJBM-03-2025-0256

Kim, K. T., Todd, T., & Lee, S. (2026). Dwelling on money matters: Repetitive thought, financial anxiety, and financial well-being during the COVID-19 pandemic. Journal of Financial Counseling and Planning, 37(2). https://doi.org/10.1891/JFCP-2024-0022

Kim, K. T., Xiao, J. J., & Lee, S. (2025). Gender differences in financial capability: What is behind the gap? Family and Consumer Sciences Research Journal, 54(1). https://doi.org/10.1002/fcsr.70025

Lee, S., Kim, K. T., & Lee, H. (in press). Bridging financial gaps: The role of fintech in enhancing well-being for people with disabilities. Journal of Consumer Affairs, 60(3). https://doi.org/10.1111/joca.70065

Li, Z., Yao, R., & Cho, S. H. (2025). Economic insecurity, perceived stress, and depressive symptoms: A longitudinal study on mental health. Applied Research in Quality of Life, 20(4), 1611–1628. https://doi.org/10.1007/s11482-025-10485-3

Mandal, B. (2026). Telehealth utilization for primary and preventive care among food-insecure individuals. The American Journal of Managed Care, 32(1), 294–300. https://doi.org/10.37765/ajmc.2026.89867

Sanjeevi, N., Amram, O., Mandal, B., Hooker, K., & Monsivais, P. (2025). Rental assistance and cost-related medication nonadherence in low-income adults with diabetes. Journal of Health Care for the Poor and Underserved, 36(4), 1209–1224.

Xiao, J. J., & Yao, R. (2025). Did COVID-19 hurt consumer financial well-being? Factors associated with consumer bankruptcy risks during the pandemic. International Journal of Bank Marketing, 43(5), 999–1021. https://doi.org/10.1108/IJBM-04-2024-0191

BOOKS AND BOOK CHAPTERS

Heo, W., & Grable, J. E. (2026). Ethics and compliance in financial services: Case studies and practical examples in North America. Palgrave Macmillan. ISBN 9783032144485.

Heo, W. (2026). AI and machine learning in personal finance: Evolution, applications, and insights from South Korea. In S. Kang, W. Heo, W. H. Lee, J. Lee, & Y. B. Choi (Eds.), Korean studies in the artificial intelligence era: Innovations in science, engineering, health, business, industry, and ethics. CRC Press.

Heo, W., & Park, H. J. (2026). The role of gender in financial stress effects on life satisfaction: Identifying sources of male vulnerability. In P. Sarpong (Ed.), Financial therapy for men: Navigating the intersection of masculinity and financial behavior in a modern world. Springer Nature.

TECHNICAL REPORTS AND DATASETS

Heo, W. (2025). FP Canada Research Stage 1. Purdue University Research Repository. https://doi.org/10.4231/N71T-HB95

Heo, W. (2025). FP Canada Research Stage 2. Purdue University Research Repository. https://doi.org/10.4231/DESJ-5X22

Heo, W. (2025). FP Canada Research Stage 3. Purdue University Research Repository. https://doi.org/10.4231/DNR3-D136

Heo, W. (2026). FP Canada Research Stage 4 Final. Purdue University Research Repository. https://doi.org/10.4231/R4AN-5611

Heo, W. (2026). Financial Stress Survey Wave 1 in 2018. Purdue University Research Repository. https://doi.org/10.4231/JBX4-YZ87

Heo, W. (2026). Financial Stress Survey Wave 2 in 2019. Purdue University Research Repository. https://doi.org/10.4231/HD6H-1X69

Heo, W. (2025). Financial Stress Survey Wave 3 in 2021. Purdue University Research Repository. https://doi.org/10.4231/2DNX-DP42

Heo, W. (2025). Financial Stress Survey Wave 4 in 2022. Purdue University Research Repository. https://doi.org/10.4231/WBP7-1H72

Heo, W. (2025). Financial Stress Survey Wave 5 in 2023. Purdue University Research Repository. https://doi.org/10.4231/2HP1-CY73

Heo, W. (2025). Financial Stress Scale Guideline. Purdue University Research Repository. https://doi.org/10.4231/9YQT-1D96