SAES-422 Multistate Research Activity Accomplishments Report

Sections

Status: Approved

Basic Information

Participants

Swarn Chatterjee – University of Georgia Soo Hyun Cho– California State University, Long Beach Will Davis – Mississippi State University Sharon DeVaney – Purdue University, Emeritus Jared Gars – University of Florida Tim Griesdorn – University of the Incarnate Word Michael Gutter – Virginia Tech Wookjae Heo – Purdue University Jiyun Kang - Purdue University Kyoung (KT) Kim – University of Alabama Elizabeth Kiss – Kansas State University Ally Lee – Purdue University Jae Min Lee – Minnesota State University-Mankato Yi Liu – St. John Fisher Bidisha Mandal – Washington State University Travis Mountain – University of Georgia Congrong Ouyang – Kansas State University Nilton Porto – University of Rhode Island Lorna Saboe-Wounded Head - South Dakota State University Mark Schafer – LSU Tapiwa Sigauke – University of Illinois Becky Smith – Mississippi State University Brandan Wheeler – Alabama A&M University Sheri Worthy – Mississippi State University Yilan Xu - University of Illinois Rui Yao – University of Missouri Yu (Yulia) Zhang – Kansas State University

2025.03.27-(Annual-Meeting)-final-5.29.25.docx

Accomplishments

Activities

 

  1. Monthly meetings were held via Zoom and Annual meeting was held in-Person (hybrid).

 

  1. Oral and poster presentations were given based on research conducted by this group:
    1. Cruz, L. A., Peñaloza, V., Porto, N., & An, T. (2025) The role of personal and cultural values on saving behavior: a cross-national analysis. Oral presentation at the 2025 American Council on Consumer Interests (ACCI). Pittsburgh, PA.
    2. Lee, S., Lim, H., & Cho, S. H. (2025). Overconfidence and Financial Fraud Susceptibility. Poster presentation at the Annual Conference of the American Council on Consumer Interests, April 15-17, Pittsburgh, PA.
    3. Lee, J. M., Kim, K. T., & Cho, S. H. (2025). Perceived Experiences in the Financial Market. Oral presentation at the Annual Conference of the American Council on Consumer Interests, April 15-17, Pittsburgh, PA.
    4. Choi, S., Hwang, H., Lee, Y. L., Li, X., Cho, S. H., Chang, H., Pak, T.-Y., & Kim, J. (2025). Multidimensional Deprivation and Aging: A Cross-National Study of Older Populations in South Korea and the United States. Symposium presentation at the Annual Conference of the American Council on Consumer Interests, April 15-17, Pittsburgh, PA.
    5. Park, H.J., Heo, W., & Liu, Y. (2025). The influence of information resources and psychological factors on financial bandwagon behavior. Poster presentation at the Annual Conference of the American Council on Consumer Interests, April 15-17, Pittsburgh, PA.
    6. Cho, S. H., & Saboe-Wounded Head, L. (2024). Financia Knowledge and Food Insecurity during COVID-19. Oral presentation at the annual symposium of Association for Financial Counseling, Planning, and Education. November 20-22, Columbus, OH
    7. DeVaney, S. A. & Porto, N. (2024). Journals in Consumer and Family Sciences. Consumer Interests Annual, Volume 70.
    8. Griesdorn, T. S., DeVaney, S. A., (2024. September 19). A New Approach to Teaching Personal Financial Education. Academy of Financial Services Conference, Columbus, OH.
    9. Mandal, B. “Telehealth utilization and health care expenditures among food insecure individuals”. Poster presentation, April 15, 2025. WSU Health Sciences Research Symposium, Spokane, Washington.
    10. Xiao, J. J. & Yao, R. (2024). Does COVID-19 destroy financial life? Factors associated with consumer informal bankruptcy during the pandemic. AFCPE Symposium, Columbus, OH, November.

 

  1. The following are several ongoing projects utilizing the Wells Fargo and COVID datasets that were collected as a part of NC 2172 collaboration.
    1. Diaz, J. & Cho, S. H. Elaborating on the relationship between financial self-efficacy and life satisfaction: The mediating role of financial stability. Revise and Resubmit
    2. Financial Literacy and food Insecurity. Led by Wounded-Head, L. & Cho, S. H.
    3. Stages of Financial Planner using Transtheoretical Model of Change. Led by Chatterjee, S. & Porto, N.

 

  1. The following dataset is being collected by members.
    1. Households’ Health and Financial Strain. Lead by Kiss, D. E., Zhang, Y., & Ouyang, C.

 

  1. Professional Development: At this year’s annual meeting, Jinhee Kim, Assistant Director of University of Maryland Extension and Sheri Worthy, Director of Mississippi State School of Human Sciences shared their own professional journey and inspiring advice to becoming successful academic administrators.

 

Milestones

 

  1. Discussion started on household health decision making. Several secondary datasets were identified, and subgroups were formed to focus on health issues such as food insecurity, healthcare access, and holistic health.

 

  1. Subgroups are formed and working on analyzing data sets that this group collaborated in producing during the COVID-19 pandemic:

 

  1. 2020 RAND American Life Panel omnibus 2300 survey
  2. 2021 COVID-19 data
  3. 2021 Wells Fargo data

 

  1. North Central Regional Center for Rural Development (NCRCRD) collected a dataset included APR Financial Stress scale in their survey, which were developed by two members of the NC 2172 group.

 

  1. A preliminary manuscript outline was developed based on subgroup findings and is currently being prepared for peer-reviewed journal submission.

Impacts

  1. NC2172 has spent the past year actively analyzing multiple datasets collected by this multi-state research group during and in the aftermath of the COVID-19 pandemic.
  2. As the pandemic has receded, this research team is uniquely positioned to address ongoing and emerging household health and economic issues.
  3. Members have collaborated extensively, producing numerous research outputs, including conference presentations, peer-reviewed journal articles, and policy briefs.
  4. Several sub-groups have initiated focused discussions and analyses on specific aspects of household health decision-making, including healthcare access, food insecurity, and holistic well-being, as communities transition beyond the pandemic.

Publications

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.

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