appendix 1 workplace financial education pre-assessment ... · 1. personal illness 8. family money...

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APPENDIX 1

Workplace Financial Education Pre-assessment Questionnaire

337

Personal Finance Employee EducationWorkplace Financial EducationPre-assessment Questionnaire ©

The following questions are about the previous workplace financial education seminar offered toassociates. Please circle the numbers that are appropriate for your situation.

1. Did you attend the American Express financial education seminar in 1997?1. Yes 2. No (Please skip to question 3)

2. What value would you place on that workplace financial education seminar?1. Nothing 4. $200 - $299 6. $500 - $5992. Less than $100 5. $300 - $399 7. More than $6003. $100 - $199 6. $400 - $499

3. If your employer paid for it, would you like to have a financial checkup from an outside financial planner?

1. Yes 2. No

4. Do you want your employer to offer additional financial education workshops?1. Yes 2. No (Please skip to question 5)

In which of the following financial education workshops would you participate. If available inthe future (please circle all of interest)?

1. Understanding benefits 9. Estate planning2. Retirement planning 10. Insurance planning3. Roth IRA’s 11. Managing credit4. Educational IRA’s 12. Buying a home5. Budgeting 13. Getting out of a debt6. Investing 14. Consumer protection laws7. Tax planning 15. Other: (Please describe) _____________8. College planning

The following questions are about your current financial attitudes. Please circle the numbersthat are appropriate for your situation.

A: Agree TA: Tend to Agree

TD: Tend to Disagree D: Disagree

5. I feel I have an adequate knowledge of personal finances A TA TD D 1 2 3 4

6. I feel that I have control over my personal finances A TA TD D 1 2 3 4

7. I am confident in managing money to achieve financial goals A TA TD D 1 2 3 4

8. I feel confident in making investment decisions A TA TD D 1 2 3 4

9. I do not mind taking risks when making investments A TA TD D 1 2 3 4

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The following questions are about your financial behaviors that you have done during the pastyear. Please circle the numbers that are appropriate for your situation.

A: Agree TA: Tend to Agree


NA: Not Applicable

10. I have tried to determine how much I need to live comfortably A TA TD D NA in retirement 1 2 3 4 5

11. I started contributing to my employer’s 401(k) retirement plan A TA TD D NA 1 2 3 4 5

12. I increased the amount of my contribution to the 401(k) A TA TD D NA retirement plan 1 2 3 4 5

13. I changed my investment strategy by diversifying or being A TA TD D NA more aggressive in my choices of investments 1 2 3 4 5

14. I determined that I did NOT need to change the investments in A TA TD D NA in my 401(k) retirement plan 1 2 3 4 5

15. I updated my risk management (insurance) strategies A TA TD D NA 1 2 3 4 5

16. I updated my estate plan A TA TD D NA 1 2 3 4 5

17. I consulted with a financial advisor A TA TD D NA 1 2 3 4 5

18. I participated in the pre-tax dependent care programs A TA TD D NA 1 2 3 4 5

19. I participated in the pre-tax health care program A TA TD D NA 1 2 3 4 5

20. I changed the amount of life insurance purchased through A TA TD D NA my employer 1 2 3 4 5

21. I paid credit card bills in full to avoid financial charges A TA TD D NA 1 2 3 4 5

22. I reduced some of my personal debts A TA TD D NA1 2 3 4 5

These questions are about your financial knowledge. Please circle the correct answer to eachquestion.

23. Over last 30 years, which investment had the highest rate of return?1. Saving accounts 3. Stock mutual funds2. Certificates of deposit 4. Bonds mutual funds

24. For people who are in their thirties, how much of their retirement savings should be invested in stocks or stock mutual funds?

1. 70-80% 3. 10-20%2. 40-50% 4. None

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25. When an investor diversifies his/her investments, does the risk of losing money?1. Usually increase 2. Usually decrease3. Stay about same

26. When interest rates go up, what happens to bond prices? Do they?1. Usually go up2. Usually go down3. Stay about same

These questions are about your personal financial management behaviors. Please circle theappropriate numbers. Your response will remain strictly confidential.

27. If you lost your job today, about how many months could you live using your savings?1. 0 months 4. 5 - 6 months 7. 11 - 12 months2. 1 - 2 months 5. 7 - 8 months 8. 13 - 24 months3. 3 - 4 months 6. 9 - 10 months 9. Over 24 months

28. About how much of your income, if any, do you contribute each month through work toward your retirement savings and investments, such as a 401(k) plan?1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. Not sure4. $ 201 - $ 300 8. $ 601 - $ 700

29. About how much money, if any, do you repay on your 401(k) retirement plan loans each month?

1. None, because I have NOT borrowed from my 401(k) retirement plan2. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,0005. $ 301 - $ 400 9. $ 701 - $ 800

30. About how much of your personal income, if any, do you put into savings and investment each month excluding your employer’s 401(k) retirement plan?

1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,000

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Please answer the following questions about perceptions of your financial situation. Circle thenumbers that are appropriate for your situation.

31. On the stair steps of satisfaction with your financial situation, mark (with a circle) how satisfiedyou are with your present financial situation. Those who are NOT satisfied will be toward thelower steps. Those who ARE satisfied will be toward the higher steps.

Satisfied10

98

76

54

32

1

Dissatisfied32. How well off are you financially?

1 2 3 4 5

Feel like I am Feel like I am always in doing well financial trouble

33. How do you feel about your current financial situation?

1 2 3 4 5

I find it is hard I save more to pay bills than I spend

The following questions are about your financial satisfaction. Please circle the numbers that areappropriate for your situation.

A: AgreeTA: Tend to Agree


34. I am satisfied with my present financial situation A TA TD D1 2 3 4

35. My income is enough for me to meet my monthly living expenses A TA TD D1 2 3 4

36. I worry about how much money I owe A TA TD D1 2 3 4

37. I am satisfied with the amount of money that I am saving and A TA TD D investing for retirement 1 2 3

4

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The following questions are necessary only for us to be able to describe the people whoresponded to our survey. Your response will remain strictly confidential.

38. How do you rate yourself in terms of how much work you accomplish?

1 2 3 4 5

Poor Average Excellent

39. How do you rate yourself in terms of the quality of your performance at work?

1 2 3 4 5


40. Describe your “performance rating” this past year from your boss.

1 2 3 4 5


41. People have many reasons for missing work, and most workers miss an occasional day once in a while. Over the past year, how many days were you absent (excluding vacation and holidays) from work for personal reasons?

1. None 4. 5 - 6 days 7. 11 - 12 days2. 1 - 2 days 5. 7 - 8 days 8. 13 or more days3. 3 - 4 days 6. 9 -10 days

42. What personal reasons caused you to be absent from work over the past year? Please circle all that apply to you.

1. Personal illness 8. Family money matters 2. Family illness 9. Personal business 3. Family responsibilities 10. Stressed out at work 4. Child care 11. Stressed out at home 5. Elder care 12. Stretched out a vacation 6. Accident or injury 13. Just to take a day off 7. Personal money matters 14. Other (Please describe): ____________________

43. We realize that people are sometimes distracted at work and unable to give all their attention totheir jobs. On how many days during the last month, were you totally unable to carry out yournormal work activities?

1. None 4. 3 days 7. 6 days 10. 9 days2. 1 day 5. 4 days 8. 7 days 11. 10 days3. 2 days 6. 5 days 9. 8 days 12. 11 or more days

44. On how many days during the last month, were you able to work and carry out your normalactivities, but had to cut down on what you did or did not get done as much as usual?

1. None 4. 3 days 7. 6 days 10. 9 days2. 1 day 5. 4 days 8. 7 days 11. 10 days3. 2 days 6. 5 days 9. 8 days 12. 11 or more days

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45. Compared to people your age, how would you say your health is?

1 2 3 4 5

Worse About Better than average than others others

46. How often are you bothered by health problems (e.g., headaches, back pain)?

1 2 3 4 5

Very Sometimes Never often

47. How often has your physical health interfered with your work?

1 2 3 4 5


48. How often has your emotional health interfered with your work?

1 2 3 4 5

Very Sometimes Never Often

The followings are questions about your work and your money matters. Please circle the numbersappropriate for your situation. Your responses will remain strictly confidential.



49. Generally speaking, I am satisfied with my job A TA TD D1 2 3 4

50. I feel I am being paid a fair amount for the work I do A TA TD D1 2 3 4

51. Raises from my employer are too few and far between A TA TD D1 2 3 4

52. I feel unappreciated by my employer when I think about what A TA TD D I am paid 1 2 3 4

53. I feel satisfied with my chances for salary increases A TA TD D1 2 3 4

54. I am proud to be a member of this organization A TA TD D1 2 3 4

55. I would recommend this organization as one of the best places A TA TD D to work for 1 2 3 4

56. I find that my values and the organization’s values are A TA TD D very similar 1 2 3 4

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57. I am willing to work harder than I have to in order to help A TA TD D this organization succeed 1 2 3 4

58. This organization inspires me the best in the way of A TA TD D job performance 1 2 3 4

59. For me, this is one of the best organizations for which to work A TA TD D1 2 3 4

60. I am loyal to this organization A TA TD D1 2 3 4

61. I intend to leave this organization A TA TD D1 2 3 4

62. I have had to put off doing things at work because of A TA TD D personal money matters 1 2 3 4

63. Money matters have kept me from getting work done on time A TA TD D at my job 1 2 3 4

64. Money matters interfere with my responsibilities at work such as A TA TD D accomplishing daily tasks and working overtime 1 2 3 4

65. Money matters interfered with my work-related activities A TA TD D1 2 3 4

66. Personal money matters interferes with my ability to perform A TA TD D job-related duties 1 2 3 4

67. Many people spend some time at work giving attention to personal and family challenges.This is often necessary and good. Over the past year at work, did you use work time to deal withany of the following. Please circle All those apply to you.

1. I talked with a co-worker(s) about money problems 2. I talked with a co-worker(s) about investments or retirement plans 3. I talked to Human Resources personnel about changing my fringe benefits 4. I searched for information on personal finances (e.g. magazines, Internet)

5. I reallocated the assets in my investment portfolio 6. I used personal finance computer software 7. I consulted with a financial planner 8. I have received telephone calls from creditors regarding overdue debts

9. I talked to a collection agency about past due payments10. I talked with a lender about consolidating debts11. I talked with a lender about a home equity loan or 2nd mortgage12. I spent time worrying about personal finances

13. I took time to handle personal financial matters14. I consulted with a lawyer regarding money problems15. I asked about obtaining a payroll advance16. I asked about borrowing from my 401(k) retirement plan

17. I consulted with a credit counselor18. I made calls to family or friends to discuss financial problems19. Other (Please describe): ______________________________

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The following questions are necessary only for us to be able to describe the people who responded to oursurvey. Your responses will remain strictly confidential.

68. What is your gender?1. Male 2. Female

69. What is your current marital status (Select one)? 1. Never married

2. Not married but living with partner 3. First married

4. Separated/Divorced5. Remarried6. Widowed

70. What is the highest level of formal education you have completed?1. Some high school2. High school graduate3. Trade/vocational training4. Associate’s degree5. Some college6. Bachelor’ s degree7. Graduate or professional degree

71. What is your ethnicity?1. African American/Black

2. American Indian3. Asian American/Asian

4. Mexican American/Chicano5. Puerto Rican American6. White/Caucasian7. Other (Please describe): _______________________

72. What is your age in years? ____________

73. How many years have you been working for your employer?1. Less than 1 year 5. 7 - 8 years 9. 15 - 16 years2. 1 - 2 years 6. 9 - 10 years 10. 17 - 18 years3. 3 - 4 years 7. 11 - 12 years 11. 19 or more4. 5 - 6 years 8. 13 - 14 years

74. What is your household’s approximate total annual income, before taxes? 1. Less than $ 20,000 2. $ 20,001 - $ 30,000 3. $ 30,001 - $ 40,000 4. $ 40,001 - $ 50,000 5. $ 50,001 - $ 60,000 6. $ 60,001 - $ 70,000 7. $ 70,001 - $ 80,000 8. $ 80,001 - $ 90,000 9. $ 90,001 - $ 100,000

10. More than $ 100,00

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75. How many people are supported financially by the household income? Indicate the number in each category. Number of people

______ Yourself (Check)______ Spouse (Check)______ Children younger than age 6 (Indicate the total number)______ Children age 6 to 12 (Indicate the total number)______ Children age 13 to 18 (Indicate the total number)______ Children 19 and older (Indicate the total number)______ Parent, grandparent, or other adult (Indicate the total number)

76. Please write your social security number here: __ __ __ - __ __ - __ __ __ __

You will be surveyed again later this summer, and this information will allow us to pair yourMarch survey with your June survey. In this way, we will be able to assess the degree ofimprovement in financial well-being following the workplace financial education seminars. Withoutit, there will be no way to pair your “before” and “after” workshop responses. Providing the numberis completely voluntary on your part, and we would like to assure you that the number will remain100% confidential.

Please return to PFEE using the enclosed return envelope.Thanks for your assistance.

Personal Finance Employee EducationVirginia Tech, 101 Wallace Hall

Blacksburg, VA 24061-0410Phone: (540)231-6677 Fax: (540)231-3250 E-mail: [email protected] http://www.chre.vt.edu/pfee

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APPENDIX 2

Workplace Financial Education Post-assessment Questionnaire

347

Personal Finance Employee EducationWorkplace Financial EducationPost-assessment Questionnaire ©

The following questions are about the workplace financial education workshop. Please circle thenumbers that are appropriate for your situation.

1. Did you participate in the YYY workplace financial education in March 1999?1. No (Please go to Question 2)2. Yes (Go to Question 3)

2. Why did you not participate in the workplace financial education workshop that was offered byYYY.? (Please go to Question 6)

1. I was not aware of workshops offered2. The time conflicted with my schedule3. Education offered did not meet my current financial needs4. I already had enough information on personal finance5. I did not think that I needed financial education6. I get my financial education from other sources7. I was not interested in the information8. Other (Please explain): ______________________________

3. Why did you participate in the YYY workshop? Please circle all that apply.1. Because I got time off from work to attend2. Because I wanted to learn more about financial topics3. Because a co-worker recommended it4. Because I had financial difficulties5. Other (Please, describe): ______________________________

4. What dollar value would you place on the YYY workshop, if you were asked?1. Nothing 5. $60 - $79 9. $140 - $1592. Less than $20 6. $80 - $99 10. $160 - $1793. $20 - $39 7. $100 - $119 11. $180 - $1994. $40 - $59 8. $120 - $139 12. More than $200

5. What do you think is the most important thing you have gained from the workplace financial education provided by your employer? Please describe.

_________________________________________________________________

6. If your employer paid for it, would you like to have a financial checkup from an outside financial planner?

1. Yes 2. No

7. In which of the following financial education workshops would you participate, if available in the future (please circle all of interest)?

1. Understanding benefits 9. Estate planning2. Retirement planning 10. Insurance planning3. Roth IRA’s 11. Managing credit4. Educational IRA’s 12. Buying a home5. Budgeting 13. Getting out of a debt6. Investing 14. Consumer rights7. Tax planning 15. Other: (Please describe) _______________8. College planning

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8. How knowledgeable are you about investing?

1 2 3 4 5 6 7

Beginner Expert

The following questions are about your financial attitudes since your participation in the YYYworkplace financial education. Please circle the numbers that are appropriate for yoursituation.

A: Agree TA: Tend to Agree TD: Tend to Disagree

D: Disagree

9. I feel I have an adequate knowledge of personal finances A TA TD D 1 2 3 4

10. I feel that I have control over my personal finances A TA TD D 1 2 3 4

11. I am confident in managing money to achieve my financial goals A TA TD D 1 2 3 4

12. I feel confident in making investment decisions A TA TD D 1 2 3 4

13. I do not mind taking risks when making investments A TA TD D 1 2 3 4

The following questions are about your financial behaviors since your participation in the YYYworkplace financial education. Please circle the numbers that are appropriate for yoursituation.

A: Agree TA: Tend to Agree TD: Tend to Disagree

D: Disagree NA: Not Applicable

14. I have tried to determine how much I will need to live A TA TD D NA comfortably in retirement 1 2 3 4 5

15. I started contributing to my employer’s 401(k) retirement plan A TA TD D NA1 2 3 4 5

16. I increased the amount of my contributions to the 401(k) A TA TD D NA retirement plan 1 2 3 4 5

17. I changed my investment strategy by diversifying or being A TA TD D NA more aggressive in my choices of investments 1 2 3 4 5

18. I did NOT change my investment strategy because I found that A TA TD D NA I did not need to 1 2 3 4 5

19. I updated my estate plan A TA TD D NA 1 2 3 4 5

20. I consulted with a financial advisor A TA TD D NA 1 2 3 4 5

Please skip to Question27, if you did not attendthe workplace financialeducation seminar.



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21. I participated in the pre-tax dependent care program A TA TD D NA1 2 3 4 5

22. I participated in the pre-tax health care program A TA TD D NA1 2 3 4 5

23. I changed the amount of life insurance purchased through A TA TD D NA my employer 1 2 3 4 5

24. I paid credit card bills on time A TA TD D NA 1 2 3 4 5

25. I reduced some of my personal debts A TA TD D NA1 2 3 4 5

26. I increased my savings A TA TD D NA1 2 3 4 5

These questions are about your financial knowledge. Please circle the correct answer to eachquestion.

27. Over the last 30 years, which investment had the highest rate of return?1. Saving accounts 3. Stock mutual funds2. Certificates of deposit 4. Bonds mutual funds

28. For people who are in their thirties, how much of their retirement savings should be invested in stocks or stock mutual funds?

1. 70 - 80% 3. 10 - 20%2. 40 - 50% 4. None

29. When an investor diversifies his/her investments, does the risk of losing money in the portfolio?1. Usually increase 2. Usually decrease 3. Stay about same

30. When interest rates go up, what happens to bond prices? Do they?1. Usually increase 2. Usually decrease 3. Stay about same

31. If an average worker puts $1,000 a year into his/her employer’s pre-tax health account, about how much less in federal income taxes will the worker probably owe?

1. $75 3. $4502. $280 4. $600

32. If a worker in poor health buys additional life insurance through his/her employer, the cost will likely be

1. Higher than a policy purchased from an outside insurance company2. About the same as a policy purchased from an outside insurance company3. Lower than a policy purchased from an outside insurance company

33. Which of the following lenders probably charges the highest interest rate for a $500 consumer loan?

1. Consumer finance company 3. Local bank2. Credit union 4. Credit card issuer

34. Your credit card is lost. If your card was used to make unauthorized charges but you reported it, you are responsible for

1. All charges2. All charges made within 30 days3. All charges made within 60 days4. No more than $50 of unauthorized charges

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35. The best use of credit is probably to enable you to1. Consume expensive products earlier 3. Obtain an education2. Obtain discounts 4. Consolidate debts

36. Which of the following is a wise choice when signing a credit contract?1. Buying credit life insurance 3. Buying credit unemployment insurance2. Buying credit disability insurance 4. None of these is a wise choice

37. Under the FTC door-to-door sales regulations, how long do consumers have to cancel a contract where their homes are put up as security?

1. 1 day 3. 5 days2. 3 days 4. 10 days

38. When you order by mail and if a delivery time is NOT specified, you can cancel the order if the product is NOT shipped to you in ________

1. 2 weeks 3. 6 weeks2. 4 weeks 4. 8 weeks

These questions are about your personal financial management behaviors. Please circle theappropriate numbers. Your responses will remain strictly confidential.

39. If you lost your job today, about how many months could you live using your savings?1. 0 months 4. 5 - 6 months 7. 11 - 12 months2. 1 - 2 months 5. 7 - 8 months 8. 13 - 24 months3. 3 - 4 months 6. 9 - 10 months 9. Over 24 months

40. About how much of your income, if any, do you contribute each month through work toward your retirement savings and investments, such as a 401(k) plan?1. $ 0 5. $ 301 - $ 400 9. $ 701 - $ 8002. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Not sure

41. About how much money, if any, do you repay on your 401(k) retirement plan loans each month?

2. None, because I have NOT borrowed from my 401(k) retirement plan2. $ 1 - $ 100 6. $ 401 - $ 500 10. $ 801 - $ 9003. $ 101 - $ 200 7. $ 501 - $ 600 11. $ 901 - $ 1,0004. $ 201 - $ 300 8. $ 601 - $ 700 12. Above $ 1,0005. $ 301 - $ 400 9. $ 701 - $ 800

42. About how much of your personal income, if any, do you put into savings and investments each month excluding your employer’s 401(k) retirement plan?

1. $ 0 5. $ 151 - $ 200 9. $ 351 - $ 4002. $ 1 - $ 50 6. $ 201 - $ 250 10. $ 401 - $ 4503. $ 51 - $ 100 7. $ 251 - $ 300 11. $ 451 - $ 5004. $ 101 - $ 150 8. $ 301 - $ 350 12. Above $ 500

43. When was the last time you changed the way the money in your portfolio is invested?1. I changed following attendance at the Capital strategy workshop2. 4 - 6 months 6. 16 - 18 months 10. 30 – 32 months3. 7 - 9 months 7. 19 - 21 months 11. 33 – 35 months4. 10 - 12 months 8. 22 - 24 months 12. More than 36 months5. 13 - 15 months 9. 25 - 27 months 13. I never re-balanced

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44. How many times have you visited the financial services provider web site?1. I have never used it 4. 5 - 6 times 7. 11 - 12 times2. 1 - 2 times 5. 7 - 8 times 8. 13 - 14 times3. 3 - 4 times 6. 9 -10 times 9. More than 14 times

Please answer the following questions about perceptions of your financial situation. Circle thenumbers that are appropriate for your situation.

45. On the stair steps of satisfaction with your financial situation, mark (with a circle) how satisfiedyou are with your present financial situation. Those who are NOT satisfied will be toward thelower steps. Those who ARE satisfied will be toward the higher steps.

Satisfied10

98

76

54

32

1

Dissatisfied

46. How well off are you financially?

1 2 3 4 5

Feel like I am Feel like I am always in doing well financial trouble

47. How do you feel about your current financial situation?

1 2 3 4 5

I find it is hard I save more to pay bills than I spend

48. Compared to my situation 3 months ago, my income has1. Increased 2. Not changed 3. Decreased

49. Compared to my situation 3 months ago, my savings have1. Increased 2. Not changed 3. Decreased

50. Compared to my situation 3 months ago, my debt has1. Increased 2. Not changed 3. Decreased

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The following questions are about your financial satisfaction. Please circle the numbers that areappropriate for your situation.



51. I am satisfied with my present financial situation A TA TD D1 2 3 4

52. My income is enough for me to meet my monthly living expenses A TA TD D1 2 3 4

53. I worry about how much money I owe A TA TD D1 2 3 4

54. I am satisfied with the amount of money that I am saving and A TA TD D investing for retirement 1 2 3

4

The following questions are necessary only for us to be able to describe the people whoresponded to our survey. Your responses will remain strictly confidential. Please circle thenumbers that are appropriate for you.

55. How do you rate yourself in terms of how much work you accomplish?

1 2 3 4 5


56. How do you rate yourself in terms of the quality of your performance at work?

1 2 3 4 5


57. Describe your “performance rating” this past year from your boss.

1 2 3 4 5


58. People have many reasons for missing work, and most workers miss an occasional day once in a while. Over the past year, how many days were you absent (excluding vacation and holidays) from work for personal reasons?

1. None (Please skip to Question 60) 6. 9 -10 days2. 1 - 2 days 4. 5 - 6 days 7. 11 - 12 days3. 3 - 4 days 5. 7 - 8 days 8. 13 or more days

59. What personal reasons caused you to be absent from work over the past year? Please circle all that apply to you.

1. Personal illness 8. Personal money matters 2. Family illness 9. Family money matters 3. Family responsibilities 10. Personal business 4. Child care 11. Stressed out at work 5. Elder care 12. Stressed out at home 6. Funeral 13. Stretched out a vacation 7. Accident or injury 14. Just needed to take a day off

15. Other (Please describe): ____________________

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60. We realize that people are sometimes distracted at work and unable to give all their attention to their jobs. On how many days during the last month, were you totally unable to carry out your normal work activities?

1. None 5. 4 days 9. 8 days2. 1 day 6. 5 days 10. 9 days3. 2 days 7. 6 days 11. 10 days4. 3 days 8. 7 days 12. 11 or more days

61. On how many days during the last month, were you able to work and carry out your normal activities, but had to cut down on what you did, or did not get done as much as usual?

1. None 5. 4 days 9. 8 days2. 1 day 6. 5 days 10. 9 days3. 2 days 7. 6 days 11. 10 days4. 3 days 8. 7 days 12. 11 or more days

62. Compared to people your age, would you say your health is?

1 2 3 4 5

Worse About Better than average than others others

63. How often are you bothered by health problems (e.g., headaches, back pain, etc)?

1 2 3 4 5


64. How often has your physical health interfered with your work?

1 2 3 4 5


65. How often has your emotional health interfered with your work?

1 2 3 4 5


66. On an annual basis, how much do you think you pay out of your pocket for health care costs (including pre-tax health care programs or those not covered or reimbursed by your health insurance)?

1. $ 0 4. $301 - $500 7. More than $9002. Less than $100 5. $501 - $7003. $100 - $300 6. $701 - $900

67. Do you pay more or less for health care than others your age?1. More2. About the same3. Less

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The following are questions about your work and your money matters. Please circle the numbersappropriate for your situation. Your responses will remain strictly confidential.



68. Generally speaking, I am very satisfied with my job A TA TD D1 2 3 4

69. I feel I am being paid a fair amount for the work I do A TA TD D1 2 3 4

70. Raises from my employer are too few and far between A TA TD D1 2 3 4

71. I feel unappreciated by my employer when I think about what A TA TD D I am paid 1 2 3 4

72. I feel satisfied with my chances for salary increases A TA TD D1 2 3 4

73. I am proud to be a member of this organization A TA TD D1 2 3 4

74. I would recommend this organization to others as one of A TA TD D the best places to work 1 2 3 4

75. I find that my values and the organization’s values are A TA TD D very similar 1 2 3 4

76. I am willing to work harder than I have to in order to help A TA TD D this organization succeed 1 2 3 4

77. This organization inspires me to do my best in the way of A TA TD D job performance 1 2 3 4

78. For me, this is one of the best organizations for which to work A TA TD D1 2 3 4

79. I am very loyal to my employer A TA TD D1 2 3 4

80. I intend to leave my present employer A TA TD D1 2 3 4

81. I am comfortable going to my supervisor to talk about money A TA TD D issues 1 2 3 4

82. My supervisor is willing to help me when I have a routine A TA TD D financial concern 1 2 3 4

83. The workplace financial education program is important in A TA TD D my decision to continue working for my present employer 1 2 3 4

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Over the past year at work, did you experience any of the following? Please circle the numbersthat apply to you.

84. I have had to put off doing things at work because of personal money matters

1 2 3 4 5 Very often Sometimes Never

85. Money matters have kept me from getting work done on time at my job


86. Money matters interfere with my responsibilities at work such as accomplishing daily tasks and working overtime


87. Money matters interfere with my work-related activities


88. Personal money matters interfere with my ability to perform job-related duties


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89. Often people must spend time AT WORK doing things unrelated to their jobs. This is oftennecessary and good. How much time would you say you have spent on each of the followingtasks during the last month? In an average month? Please write the number of hours in theblanks below. If you didn’t engage in these activities, just put a 0 in the appropriate blank.

Last Month Avg Month (HOURS) (HOURS)

1. Talked with a co-worker(s) about money problems _______ _______ 2. Talked with a co-worker(s) about investments or retirement plans _______ _______ 3. Talked to Human Resources personnel about changing my _______ _______

fringe benefits 4. Searched for information on personal finances _______ _______

(e.g. magazines, Internet) 5. Reallocated the assets in my investment portfolio _______ _______

6. Used personal finance computer software _______ _______ 7. Consulted with a financial planner _______ _______ 8. Read or studied about money matters while at work _______ _______ 9. Received telephone calls from creditors regarding overdue debts _______ _______10. Talked to a collection agency about past due payments _______ _______

11. Talked with a lender about consolidating debts _______ _______12. Talked with a lender about financing a home _______ _______13. Spent time worrying about personal finances _______ _______14. Took time to handle personal financial matters _______ _______15. Consulted with a lawyer regarding money problems _______ _______

16. Asked about obtaining a payroll advance _______ _______17. Asked about borrowing from my 401(k) retirement plan _______ _______18. Consulted with a credit counselor _______ _______19. Talked to an EAP professional about personal financial matters _______ _______20. Made calls to family or friends to discuss financial problems _______ _______21. Other (Please describe): ______________________________ _______ _______

The following questions are necessary only for us to be able to describe the people who responded to oursurvey. Your responses will remain strictly confidential.

90. Are you?1. Male 2. Female

91. What is your current marital status (Select one)? 1. Never married 4. Separated/Divorced

2. Not married but living with partner 5. Remarried 3. First marriage 6. Widowed

92. What is the highest level of formal education you have completed?1. Some high school 5. Some college2. High school graduate 6. Bachelor’ s degree3. Trade/vocational training 7. Graduate or professional degree

4. Associate’s degree

357

93. What is your ethnicity?1. African American/Black 5. Puerto Rican American

2. Native American 6. White/Caucasian3. Asian American/Asian 7. Other (Please describe): ____________________4. Mexican American/Chicano

94. What is your age (in years)? ____________

95. How many years have you been working for your employer?1. Less than 1 year 5. 7 - 8 years 9. 15 - 16 years2. 1 - 2 years 6. 9 - 10 years 10. 17 - 18 years3. 3 - 4 years 7. 11 - 12 years 11. 19 or more 4. 5 - 6 years 8. 13 - 14 years

96. What is your personal annual income from your employer before taxes? 1. Less than $ 20,000 6. $ 60,001 - $ 70,000 2. $ 20,001 - $ 30,000 7. $ 70,001 - $ 80,000 3. $ 30,001 - $ 40,000 8. $ 80,001 - $ 90,000 4. $ 40,001 - $ 50,000 9. $ 90,001 - $ 100,000 5. $ 50,001 - $ 60,000 10. More than $ 100,000

97. What is your household’s approximate total annual income, before taxes? 1. Less than $ 20,000 6. $ 60,001 - $ 70,000 2. $ 20,001 - $ 30,000 7. $ 70,001 - $ 80,000 3. $ 30,001 - $ 40,000 8. $ 80,001 - $ 90,000 4. $ 40,001 - $ 50,000 9. $ 90,001 - $ 100,000 5. $ 50,001 - $ 60,000 10. More than $ 100,000

98. How many people are supported financially by your household's income? Indicate the number in each category. Number of people

______ Yourself (Check)______ Spouse (Check)______ Children younger than age 6 (Indicate the total number)______ Children age 6 to 12 (Indicate the total number)______ Children age 13 to 18 (Indicate the total number)______ Children 19 and older (Indicate the total number)______ Parent, grandparent, or other adult (Indicate the total number)

99. Please write the last four digits of your social security number here. __ __ __ __

This information will allow us to pair your March survey with your June survey. In this way, we will be able to assess the degree of improvement in financial well-being following the workplace financial education seminar. Providing the number is completely voluntary on your part, and we would like to assure you that the number will remain 100% confidential.

100. If you would like to participate in a free drawing for $200 in cash, please give your name and mailing address on the enclosed card, so you can be notified if you are the winner of $200. The cash prize will be awarded in late summer.

Please return to PFEE using the enclosed return envelope.Thanks for your assistance.

National Institute for Personal Finance Employee EducationVirginia Tech, 101 Wallace Hall

Blacksburg, VA 24061-0410Phone: (540)231-6677 Fax: (540)231-3250 E-mail: [email protected] http://www.chre.vt.edu/pfee

358

APPENDIX 3

Cover Letter for The First Mailing

359

WORKPLACE FINANCIAL EDUCATION RESEARCH

Dear XXX associate:

We need your assistance with a research study! XXX Insurance Companies has approvedthis research and authorized us to send it to all their employees. The purposes are (1) toidentify the relationship between workplace financial education and employee personalfinances, and (2) to describe the relationship between employee personal financial wellnessand work outcomes.

We truly value your responses. Your answers will help improve the workplace financialeducation for XXX associates. It is very important that all XXX associates complete andreturn the questionnaire. Please be assured that

• Your participation is voluntary.• Your responses will remain strictly confidential. The questionnaire has no

identification number. Your name will never be associated with either the responsesor the results. To further assure confidentiality, the questionnaires are to be returned toPFEE, not XXX.

• The survey takes about 15 minutes to complete.

Also, by answering the attached questionnaire you may request that your name beentered into a drawing for $200 in cash!

By completing this questionnaire and returning it, you acknowledge your voluntaryagreement to participate in this study, and you give consent for the results to be used indata analysis. The findings from this research study will be useful in designing futurefinancial education workshops for XXX associates.

Thank you for your assistance. If you have any questions, please feel free to call us at(540) 231-6677.

Sincerely,

J. Kim, P. Camp, and E. T. Garman

360

APPENDIX 4

Post Card Follow Up

361


Dear XXX associate:

Last week a questionnaire was mailed to you.

If you have already completed and returned it to us, please accept our sincere thanks. Ifnot, please do so today. It is extremely important that all XXX associates complete andreturn the questionnaire. By including your views in the study, you can help improve theworkplace financial education for XXX associates.

If you did not receive the questionnaire, or it got misplaced, please call today (540-231-6677) or e-mail us ([email protected]) and another one will be sent to you. If you entered the$200 free drawing and you are the winner, the cash prize will be awarded in late summer.The winner also will be announced on XXX Bulletin Board and the PFEE Web Site(http://www.chre.vt.edu/pfee).

Sincerely,


362

APPENDIX 5

Cover Letter for the Second Mailing

363


Dear XXX associate:

About three weeks ago we wrote to you seeking information on workplace financialeducation and retirement planning. Enclosed is a duplicate of the survey questionnaire thatyou received earlier. If you have already completed and returned the survey, we appreciateyour efforts, and you can discard the enclosed questionnaire.

If you completed the survey and did not return it, please put the questionnaire in theenclosed pre-stamped envelope. The questionnaires are the same; therefore, you do notneed to answer the same questionnaire twice. If you have not yet completed the survey,please take a few moments to complete the enclosed questionnaire.

We truly value your responses. Your answers will help improve the workplace financialeducation for XXX associates. It is very important that all XXX associates complete andreturn the questionnaire. Please be assured that

• Your participation is voluntary.• Your responses will remain strictly confidential. The questionnaire has no

identification number. Your name will never be associated with either the responsesor the results. To further assure confidentiality, the questionnaires are to be returned toPFEE, not XXX.

• The survey takes about 15 minutes to complete.

Also, by answering the attached questionnaire you may request that your name beentered into a drawing for $200 in cash!

By completing this questionnaire and returning it, you acknowledge your voluntaryagreement to participate in this study, and you give consent for the results to be used indata analysis. The findings from this research study will be useful in designing futurefinancial education workshops for XXX associates.

Thank you for your assistance. If you have any questions, please feel free to call us at(540) 231-6677.

Sincerely,


364

APPENDIX 6

Cover Letter from the Employer

365

To: All Associates

From: Luke McGlynn

Date: March 8, 1999

Subject: Personal Financial Survey and Financial Education Meetings

During the last week of February, you should have received a personal financial survey from Virginia Tech

University. Although participation in this survey is voluntary, we would like to remind you to complete the

form and return it in the envelope provided to you as soon as possible.

There had been some concerns about giving your social security number on the survey. If you would prefer,

please feel free to use your employee number instead. Just remember that whatever number you use for the

first survey, you will need to use for the follow-up survey.

In exchange for the information being provided by our associates, you will also have the opportunity to

participate in financial education to be provided by YYY. These meetings have already been arranged at all

office locations. You should come away from these meetings being able to make more informed decisions

about managing your participation in retirement plans, fringe benefits, personal credit and money

management, and your consumer protection rights.

For those associates that work out of your homes, we will videotape the Home Office session. You will be

able to add your name to a routing list. As soon as possible, she will forward on. If you work in the Home

Office or one of the State Offices and will not be in the office when the meetings are being held, a videotape

will be available to check out on an individual basis, however, the greatest benefit would be for you to attend

one of the meetings.

If you did not receive your survey or misplaced it, please let us know and we can make certain you get

another copy.

Again, please make every effort to complete and return this survey and to participate in the educational

meetings.

366

APPENDIX 7

Workplace Financial Education Workshops by the Outside Financial Education Provider

367

I. IntroductionA. Who we areB. Why we are hereC. Goal is to gain some “Know What” and “Know How” in order to…

1. Have more confidence2. Make better decisions3. Improve financial health

(a) Slide: Goals for the workshop

II. What is Retirement?A. Only about one-quarter of your life!

(a) Slide: “The average American Spends eighteen years inretirement” source: American Savings Education Council (ASEC)

B. (Participation list)

III. Don’t Tell Me Why I Need To Save, Tell Me How!A. “Why” messages you know by heart – a review

1. Why save for retirement i. For example, “Social Security will not be enough, yada, yada…” ii. (Participation list) iii. Where’s the money going to come from

(a) Slide: Sources of Income2. Why start early

(a) Slide: Power of Compounding3. Why worry about income taxes

(a) Returns Before and After Taxes (b) Slide: Benefits of Deferring Taxes

4. Why diversity (a) Slide: Diversified Portfolios and Bear Markets

5. Why use the 401(k) plan (a) Slide: Advantages of 401(k) Investing

6. Why Contribute enough to get the match (a) Slide: Employer Match: Maximizing Your Wealth

B. The Key of “Know What” Unlocks the Secret of “Know How”1. Know what you earn and what you spend2. Know what you own and what you owe3. Know how much retirement is going to cost4. Know how much you need to save5. Know how to invest it one it is saved

(a) Slide: Keys and Secrets

368

C. IDEAL Money Machine1. Income2. Deduction3. Expense4. Assets5. Liabilities

(a) Slide: IDEAL(b) Worksheet: Incomes and Expenses(c) Worksheet: Assets and Liabilities(d) Slide: What you earn(e) Slide: What you spend(f) Slide: What you own(g) Slide: What you owe

IV. How much will retirement costA. Depends, how much income do you want

(a) Slide: “There are lies, damned lies, and statistics” – MarkTwain(b) Slide: Americans, on average, need 65% to 70% of theirworking income to maintain their standard of living duringretirement - ubiquitous

B. Reality Check(a) Slide: Expenses that “may” go down(b) Slide: Expenses that will go up

C. How much of a bank roll will you need when the day comes1. Straight Multiplication

(a) Slide: Multiplication example2. BALL PARK E$TIMATE TM Worksheet

(a) Slide: BALL PARK E$TIMATE TM example3. Why the Difference

(a) Slide: Why? The time value of moneyV. How much do you need to be saving along the way – The Lottery : Cash Option orPayments?

(a) Slide: How the lottery figures the amount of the “CashOption”

(b) Worksheet: Time Value tablesA. Present Value of a Dollar

(a) Slide: PV of $1 exampleB. Future Value of a Dollar

(a) Slide: PV of $1 exampleC. Present Value of a Series of Payment

(a) Slide: PV of Payments example – The LotteryD. Future Value of a Series of Payment

(a) Slide: FV of Payment example – Your Retirement:Calculating Your Own Jackpot

369

VI. What you need to know about investingA. What’s an “Asset Class”

(a) Slide: Asset ClassesB. Return on Investment

(a) Slide: “I’m not worried about the return on myinvestment. I’m more interested in the return of myinvestment.” – Will Rogers

(b) Slide: Asset Class Returns(c) Slide: Stocks, Bonds, Bills, and Inflation 1977-1997

D. Risk1. Definitions of “Risk”

a) Market – price of a stockb) Interest Rate – value of a bondc) Inflation – cost of stashing cash in the mattress

(a) Slide: Definitions of Risk(b) Slide: Risk Tolerance Spectrum(c) Worksheet: Risk Tolerance Quiz

2. Instead, think of it as Volatility3. Time reduces Volatility

(a) Slide: Reduction of Risk Over TimeVII Asset Allocation

A. Asset Classes Perform and react differently(a) Slide: Stocks, Bonds, Bills, and Inflation 1977-1997

B. Your “recipe” determines your results(a) Slide: Stocks and Bonds: Risk versus Return

C. Matching your tolerance to your portfolio(a) Slide: Diversify to Reduce Risk or Increase Return

VIII. ResourcesA. Review of the Manulife Web Site

(a) Slide: Screen shot of Manulife Web SiteB. Other links of interest

(a) Slide: Listing of other web sitesC. Independent and Not-for-Profit Organizations and Associations

(a) Worksheet: Names, Addresses, Telephone Numbers, andWeb Sites

IX. Summary

370

APPENDIX 8

Coding Scheme for the Pre-assessment Questionnaire

371

QuestionNumber

VariableName

Variable Label Value Value Label

1 V1 Attendance of financialeducation

12

YesNo

2 V2 Value of the financialeducation

12345678

NothingLess than $100$100-$199$200-$299$300-$399$400-$499$500-$599More than $600

3 V3 Desire for having a financialcheckup

12

YesNo

4 V4 Desire for additionalfinancial educationworkshops

12

YesNo

V4.1 Understanding benefits 10

YesNo

V4.2 Retirement planning 10

YesNo

V4.3 Roth IRA’s 10

YesNo

V4.4 Educational IRA’s 10

YesNo

V4.5 Budgeting 10

YesNo

V4.6 Investing 10

YesNo

V4.7 Tax planning 10

YesNo

V4.8 College planning 10

YesNo

V4.9 Estate planning 10

YesNo

V4.10 Insurance planning 10

YesNo

V4.11 Managing credit 10

YesNo

V4.12 Buying a home 10

YesNo

V4.13 Getting out of a debt 10

YesNo

V4.14 Consumer protection laws 10

YesNo

372

QuestionNumber

VariableName


5 V5 Financial attitude 1 1234

DisagreeTend to disagreeTend to agreeAgree









10 V10 Financial behavior 1 12345

DisagreeTend to disagreeTend to agreeAgreeNot applicable







373

QuestionNumber

VariableName



AgreeTend to agreeTend to disagreeDisagreeNot applicable








DisagreeTend to disagreeTend to agreeAgreeDisagreeNot applicable







374

QuestionNumber

VariableName




23 V23 Financial knowledge 1 1234

1 (Recoded as “0”)2 (Recoded as “0”)3 (Recoded as “1”)4 (Recoded as “0”)




1 (Recoded as “0”)2 (Recoded as “1”)3 (Recoded as “0”)



27 V27 Objective financial well-being 1

123456789

0 months1-2 months3-4 months5-6 months7-8 months9-10 months11-12 months13-24 monthsOver 24 months


1234567891011

$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Not sure

375

QuestionNumber

VariableName



1234567891011

None$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000


1234567891011

$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000

31 V31 Overall financial well-being1

1-10 Dissatisfied-Satisfied


1-5 Feel like I am infinancial trouble- Feellike I am doing well


1-5 I find it is hard to paybills- I save more than Ispend

34 V34 Financial satisfaction 1 1234






376

QuestionNumber

VariableName




38 V38 Productivity-quantity 1-5 Poor-Excellent39 V39 Productivity-quality 1-5 Poor-Excellent40 V40 Performance rating 1-5 Poor-Excellent41 V41 Absence 1

2345678

None1-2days3-4 days5-6 days7-8 days9-10 days11-12 days13 or more days

42 V42.1 Personal illness 01

NoYes

42.2 V42.2 Family illness 01

NoYes

42.3 V42.3 Family responsibilities 01

NoYes

42.4 V42.4 Child care 01

NoYes

42.5 V42.5 Elder care 01

NoYes

42.6 V42.6 Accident or injury 01

NoYes

42.7 V42.7 Personal money matters 01

NoYes

42.8 V42.8 Family money matters 01

NoYes

42.9 V42.9 Personal business 01

NoYes

42.10 V42.10 Stressed out at work 01

NoYes

42.11 V42.11 Stressed out at home 01

NoYes

42.12 V42.12 Stretched out a vacation 01

NoYes

42.13 V42.13 Just take a day off 01

NoYes

377

QuestionNumber

VariableName


43 V43 Totally unable to work 123456789101112

None1 day2 days3 days4 days5 days6 days7 days8 days9 days10 days11 or more days

44 V44 Cut down work 123456789101112


45 V45 Health status 1-5 Worse than others-Better than others

46 V46 Bothered by health problems 1-5 Very often-Never47 V47 Bothered by physical health 1-5 Very often-Never48 V48 Bothered by mental health 1-5 Very often-Never49 V49 Job satisfaction 1

234


50 V50 Pay satisfaction 1 1234



AgreeTend to agreeTend to disagreeDisagree

378

QuestionNumber

VariableName






54 V54 Organizational commitment1

1234



1234



1234



1234



1234



1234


60 V60 Loyalty 1234


61 V61 Intention to leave 1234


62 V62 Personal finance-workconflict 1

1234


379

QuestionNumber

VariableName



1234



1234



1234



1234


67.1-67.18

V67.1-V67.18

Work time use 1-Work time use 18

01

NoYes

68 V68 Gender 12

MaleFemale

69 V69 Marital status 12

3456

Never marriedNot married but livingwith partnerFirst marriageSeparated/DivorcedRemarriedWidowed

70 V70 Education 1234567

Some high schoolHigh school graduateTrade/vocationaltrainingAssociate’s degreeSome collegeBachelor’s degreeGraduate orprofessional degree

380

QuestionNumber

VariableName


71 V71 Ethnicity 1234567

AfricanAmerican/blackAmerican IndianAsian American/AsianMexicanAmerican/ChicanoPuerto Rican AmericanWhite CaucasianOther

72 V72 Age73 V73 Work years 1

234567891011

Less than 1 year1-2 years3-4 years5-6 years7-8 years9-10 years11-12 years13-14 years15-16 years17-18 years19 or more

74 V74 Annual household income 12345678910

Less than $20,000$20,001-$30,000$30,001-$40,000$40,001-$50,000$50,001-$60,000$60,001-$70,000$70,001-$80,000$80,001-$90,000$90,001-$100,000More than $100,000

75.1 V75.1 Self 175.2 V75.2 Spouse 175.3 V75.3 Children younger than age 6 Number75.4 V75.4 Children age 13-18 Number75.5 V75.5 Children age 13-18 Number75.6 V75.6 Children age 19 and older Number75.7 V75.7 Parent, grandparent, or other

adultNumber

76 V76 Last four digits of SocialSecurity Number

Number

381

APPENDIX 9

Coding Scheme for the Post-assessment Questionnaire

382

QuestionNumber

VariableName


1 V1 Attendance of financialeducation

12

YesNo

2 V2 Reasons for non-participation

1234567

1234567

3 V3 Reasons for participation 1234

1234

4 V4 Value of the financialeducation

123456789101112

NothingLess than $20$20-$39$40-$59$60-$79$80-$99$100-$119$120-$139$140-$159$160-$179$180-$199More than $200

5 V5 The most important gainfrom the workplace financialeducation

Open-ended question(not coded)

6 V6 Desire for having a financialcheckup

12

YesNo

7 V7.1 Understanding benefits 10

YesNo

V7.2 Retirement planning 10

YesNo

V7.3 Roth IRA’s 10

YesNo

V7.4 Educational IRA’s 10

YesNo

V7.5 Budgeting 10

YesNo

V7.6 Investing 10

YesNo

383

QuestionNumber

VariableName


V7.7 Tax planning 10

YesNo

V7.8 College planning 10

YesNo

V7.9 Estate planning 10

YesNo

V7.10 Insurance planning 10

YesNo

V7.11 Managing credit 10

YesNo

V7.12 Buying a home 10

YesNo

V7.13 Getting out of a debt 10

YesNo

V7.14 Consumer protection laws 10

YesNo

8 V8 Self-rating of knowledgeabout investing

1 – 7 1 Beginner –7 Expert











384

QuestionNumber

VariableName











AgreeTend to agreeTend to disagreeDisagreeNot applicable







385

QuestionNumber

VariableName



DisagreeTend to disagreeTend to agreeAgreeDisagreeNot applicable

















386

QuestionNumber

VariableName



















123456789

0 months1-2 months3-4 months5-6 months7-8 months9-10 months11-12 months13-24 monthsOver 24 months

387

QuestionNumber

VariableName



1234567891011

$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Not sure


1234567891011

None$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000


1234567891011

$0$1-$100$101-$200$201-$300$301-$400$401-$500$501-$600$601-$700$701-$800$801-$900Above $1,000

43-44 Not included in the analysis45 V45 Overall financial well-being

11-10 Dissatisfied-Satisfied


1-5 Feel like I am infinancial trouble- Feellike I am doing well


1-5 I find it is hard to paybills- I save more than Ispend

388

QuestionNumber

VariableName


48 V48 Income change 123

IncreasedNot changedDecreased

49 V49 Savings change 123


50 V50 Debt change 123










55 V55 Productivity-quantity 1-5 Poor-Excellent56 V56 Productivity-quality 1-5 Poor-Excellent57 V57 Performance rating 1-5 Poor-Excellent58 V58 Absence 1

2345678

None1-2days3-4 days5-6 days7-8 days9-10 days11-12 days13 or more days

59.1 V59.1 Personal illness 01

NoYes

59.2 V59.2 Family illness 01

NoYes

59.3 V59.3 Family responsibilities 01

NoYes

389

QuestionNumber

VariableName


59.4 V59.4 Child care 01

NoYes

59.5 V59.5 Elder care 01

NoYes

59.6 V59.6 Funeral 01

NoYes

59.7 V59.7 Accident or injury 01

NoYes

59.8 V59.8 Personal money matters 01

NoYes

59.9 V59.9 Family money matters 01

NoYes

59.10 V59.10 Personal business 01

NoYes

59.11 V59.11 Stressed out at work 01

NoYes

59.12 V59.12 Stressed out at home 01

NoYes

59.13 V59.13 Stretched out a vacation 01

NoYes

59.14 V59.14 Just take a day off 01

NoYes

60 V60 Totally unable to work 123456789101112


390

QuestionNumber

VariableName


61 V61 Cut down work 123456789101112


62 V62 Health status 1-5 Worse than others-Better than others

63 V63 Bothered by health problems 1-5 Very often-Never64 V64 Bothered by physical health 1-5 Very often-Never65 V65 Bothered by mental health 1-5 Very often-Never66-67 Not included in the analysis68 V68 Job satisfaction 1

234











1234


391

QuestionNumber

VariableName


74 V74 Organizational commitment 2 1234










79 V79 Loyalty 1234


80 V80 Intention to leave 1234


81 V81 Supervisor and money issues 1 1234


82 V82 Supervisor and money issues 2 1234


83 V83 Workplace financial educationand retention

1234


84 V84 Personal finance-work conflict1

1-5 Very often-Never

392

QuestionNumber

VariableName










89.1-89.20

V89.1-V89.20

Work time use 1-Work time use 20

01

NoYes

90 V90 Gender 12

MaleFemale

91 V91 Marital status 12

3456

Never marriedNot married but livingwith partnerFirst marriageSeparated/DivorcedRemarriedWidowed

92 V92 Education 1234567

Some high schoolHigh school graduateTrade/vocationaltrainingAssociate’s degreeSome collegeBachelor’s degreeGraduate orprofessional degree

93 V93 Ethnicity 1234567

AfricanAmerican/blackAmerican IndianAsian American/AsianMexicanAmerican/ChicanoPuerto Rican AmericanWhite CaucasianOther

94 V94 Age Number

393

QuestionNumber

VariableName


95 V95 Work years 1234567891011

Less than 1 year1-2 years3-4 years5-6 years7-8 years9-10 years11-12 years13-14 years15-16 years17-18 years19 or more

96 V96 Personal annual income 12345678910


97 V97 Annual household income 12345678910


98.1 V98.1 Self 198.2 V98.2 Spouse 0

1NoYes

98.3 V98.3 Children younger than age6

Number

98.4 V98.4 Children age 13-18 Number98.5 V98.5 Children age 13-18 Number98.6 V98.6 Children age 19 and older Number98.7 V98.7 Parent, grandparent, or

other adultNumber

99 V99 Last four digits of SocialSecurity Number

Number

394

APPENDIX 10

Correlation, Reliability Analysis, and Factor Analysis Results of Financial Attitude Index

395

R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)

Mean Std Dev Cases

1. V5 3.0846 .7088 260.0 2. V6 3.1346 .7147 260.0 3. V7 2.7577 .7603 260.0 4. V8 2.3192 .8755 260.0 5. V9 2.6962 .8897 260.0

Correlation Matrix

V5 V6 V7 V8 V9

V5 1.0000V6 .6557 1.0000V7 .5611 .6429 1.0000V8 .5598 .4926 .6561 1.0000V9 .2797 .2103 .3188 .5811 1.0000

N of Cases = 260.0

N ofStatistics for Mean Variance Std Dev Variables Scale 13.9923 9.2586 3.0428 5

Item Means Mean Minimum Maximum Range Max/Min Variance 2.7985 2.3192 3.1346 .8154 1.3516 .1092

Item-total Statistics

Scale Scale Corrected Mean Variance Item- Squared Alpha if Item if Item Total Multiple if Item Deleted Deleted Correlation Correlation Deleted

V5 10.9077 6.4393 .6440 .5066 .7853V6 10.8577 6.5009 .6165 .5420 .7922V7 11.2346 6.0722 .6961 .5690 .7688V8 11.6731 5.4024 .7592 .6178 .7452V9 11.2962 6.5104 .4310 .3475 .8505_


Reliability Coefficients 5 items

Alpha = .8248 Standardized item alpha = .8310

396

Factor Analysis Results of the Financial Attitude

Total Variance Explained

InitialEigenvalues

ExtractionSums ofSquaredLoadings

Component Total % ofVariance

Cumulative % Total % of VarianceCumulative %

1 3.025 60.496 60.496 3.025 60.496 60.4962 .941 18.818 79.3143 .448 8.968 88.2824 .346 6.915 95.1965 .240 4.804 100.000Extraction Method: Principal Component Analysis.

Component MatrixComponent1

Financial attitude4 .850Financial attitude3 .839Financial attitude 1 .803Financial Attitude 2 .793Financial attitude5 .569Extraction Method: Principal Component Analysis.a 1 components extracted.

397

APPENDIX 11

Correlation and Reliability Analysis, Factor Analysis Results of Financial Behaviors Index

398


Mean Std Dev Cases

1. V10 2.3725 1.0710 102.0 2. V11 3.1667 1.2904 102.0 3. V12 2.6765 1.3799 102.0 4. V13 2.3922 1.3137 102.0 5. V14 2.8922 1.2421 102.0 6. V15 1.9608 1.1162 102.0 7. V16 1.4216 .8610 102.0 8. V17 1.8627 1.2511 102.0 9. V18 1.9804 1.3786 102.0 10. V19 3.2353 1.2442 102.0 11. V20 2.1275 1.3907 102.0 12. V21 2.8824 1.3519 102.0 13. V22 3.0000 1.2428 102.0

Correlation Matrix

V10 V11 V12 V13 V14

V10 1.0000V11 .1624 1.0000V12 .1360 .3086 1.0000V13 .5003 .3465 .4858 1.0000V14 -.2002 .2028 .0719 .3174 1.0000V15 .4430 .1146 .1395 .3887 -.1173V16 .4078 .1233 .0826 .2463 -.1515V17 .1051 .0082 .2321 .0331 -.0988V18 .0117 .0631 -.0242 .1246 .0624V19 .0524 .0123 .1024 .0460 .1575V20 .0143 .1480 .1662 .1079 .0080V21 .0853 -.1760 .0696 -.0184 -.0666V22 .0818 .0370 .0924 .0788 .0706

V15 V16 V17 V18 V19

V15 1.0000V16 .4398 1.0000V17 .3577 .5322 1.0000V18 .1089 .1655 .0271 1.0000V19 .1564 .0821 .0718 .0951 1.0000V20 -.0542 .0539 -.1321 -.0193 .0454V21 .1281 .0941 .2421 -.0809 -.0010V22 .1285 .0370 .1401 -.1098 .1153_ R E L I A B I L I T Y A N A L Y S I S - S C A L E (A L P H A)

Correlation Matrix

V20 V21 V22

V20 1.0000V21 -.2184 1.0000V22 -.0974 .3713 1.0000

N of Cases = 102.0

399


Item Means Mean Minimum Maximum Range Max/Min Variance 2.4593 1.4216 3.2353 1.8137 2.2759 .3201



V10 29.5980 38.3220 .3394 .4918 .5459V11 28.8039 38.0008 .2705 .2196 .5562V12 29.2941 35.6552 .3890 .4327 .5283V13 29.5784 33.8700 .5476 .6528 .4929V14 29.0784 41.2611 .0730 .3880 .5952V15 30.0098 36.9009 .4293 .3991 .5278V16 30.5490 38.7847 .4143 .4837 .5410V17 30.1078 38.2358 .2694 .4619 .5566V18 29.9902 40.8415 .0697 .0893 .5997V19 28.7353 39.5827 .1813 .1183 .5743V20 29.8431 41.9752 .0033 .1316 .6138V21 29.0882 40.9921 .0664 .2464 .5995V22 28.9706 39.5338 .1850 .1845 .5736



400

Factor Analysis Results of Financial Behaviors

Total Variance ExplainedInitialEigenvalues



Cumulative % Total % of VarianceCumulative %

1 2.767 21.287 21.287 2.767 21.287 21.2872 1.862 14.326 35.613 1.862 14.326 35.6133 1.429 10.992 46.605 1.429 10.992 46.6054 1.176 9.043 55.648 1.176 9.043 55.6485 1.027 7.898 63.546 1.027 7.898 63.5466 .961 7.396 70.9427 .786 6.047 76.9908 .758 5.831 82.8219 .698 5.368 88.18910 .542 4.172 92.36111 .500 3.846 96.20712 .305 2.345 98.55113 .188 1.449 100.000Extraction Method: Principal Component Analysis.

Component Matrix

Component1 2 3 4 5

Financial behavior6 .721 -.195 -.153 -.141Financial behavior4 .695 .469 .129 -.307Financial behavior7 .682 -.256 -.356 .135 .174Financial behavior1 .668 -.240 -.277 -.383Financial behavior8 .527 -.456 .159 .442Financial behavior8 .527 -.456 .159 .442Financial behavior3 .503 .338 .288 -.238 .344Financial behavior3 .503 .338 .288 -.238 .344Financial behavior12 .206 -.575 .491Financial behavior12 .206 -.575 .491Financial behavior2 .379 .552Financial behavior2 .379 .552Financial behavior13 .249 -.281 .657Financial behavior13 .249 -.281 .657Financial behavior5 .511 .521 .391 -.124Financial behavior5 .511 .521 .391 -.124Financial behavior9 .163 .134 -.280 .670 -.195Financial behavior9 .163 .134 -.280 .670 -.195Financial behavior10 .213 .212 .545 .299Financial behavior10 .213 .212 .545 .299Financial behavior11 .467 -.219 -.242 .522Financial behavior11 .467 -.219 -.242 .522Extraction Method: Principal Component Analysis.a 5 components extracted.

401

The Reliability Analysis of Financial Behaviors Index with Four Items(Behavior 1, 4, 7 and 8)

_


Mean Std Dev Cases

1. V10 2.4783 1.1012 184.0 2. V13 2.5000 1.3015 184.0 3. V16 1.5272 .9288 184.0 4. V17 1.9674 1.3011 184.0

Correlation Matrix

V10 V13 V16 V17

V10 1.0000V13 .3546 1.0000V16 .4520 .2644 1.0000V17 .3008 .1226 .5660 1.0000

N of Cases = 184.0


Item Means Mean Minimum Maximum Range Max/Min Variance 2.1182 1.5272 2.5000 .9728 1.6370 .2158



V10 5.9946 6.6721 .4927 .2677 .5446V13 5.9728 6.9228 .3024 .1418 .6835V16 6.9457 6.8932 .6012 .4183 .4991V17 6.5054 6.3497 .4034 .3247 .6096_




402

APPENDIX 12

Correlation, Reliability Analysis, and Factor Analysis ResultsofOverall Financial Well-being

403


Mean Std Dev Cases

1. V32 3.1692 .9991 260.0 2. V33 3.0885 .9361 260.0 3. FINWELL1 2.7769 1.0853 260.0

Correlation Matrix

V32 V33 FINWELL1

V32 1.0000V33 .8137 1.0000FINWELL1 .7720 .6846 1.0000

N of Cases = 260.0




V32 5.8654 3.4451 .8618 .7490 .8075V33 5.9462 3.8504 .7929 .6699 .8697FINWELL1 6.2577 3.3967 .7662 .6054 .8962



404

Factor Analysis Results of Overall Financial Well-being Index




Cumulative % Total % ofVariance

Cumulative%

1 2.515 83.825 83.825 2.515 83.825 83.8252 .319 10.635 94.4603 .166 5.540 100.000Extraction Method: Principal Component Analysis.


General financial wellbeing1 .892General financial wellbeing2 .944General financial wellbeing3 .910Extraction Method: Principal Component Analysis.a 1 components extracted.

405

APPENDIX 13

Correlation, Reliability Analysis, and Factor Analysis Resultsof Satisfaction with Personal Finances

406

Satisfaction with Personal Finances


Mean Std Dev Cases

1. V34 2.5019 .8203 257.0 2. V35 3.1167 .8303 257.0 3. V36 2.7198 1.0640 257.0 4. V37 2.3230 .9018 257.0

Correlation Matrix

V34 V35 V36 V37

V34 1.0000V35 .4929 1.0000V36 .4885 .3511 1.0000V37 .6407 .4294 .4122 1.0000

N of Cases = 257.0




V34 8.1595 4.6893 .6958 .5086 .6572V35 7.5447 5.2099 .5104 .2760 .7462V36 7.9416 4.4380 .5050 .2666 .7647V37 8.3385 4.6389 .6132 .4368 .6934



407

Factor Analysis Results of Satisfaction with Personal Finances



Component

Total % ofVariance

Cumulative%

Total % ofVariance

Cumulative %

1 2.420 60.496 60.496 2.420 60.496 60.4962 .650 16.251 76.7473 .584 14.609 91.3564 .346 8.644 100.000Extraction Method: Principal Component Analysis.


Financialsatisfaction1

.860


.812


.720


.709

Extraction Method: Principal Component Analysis.a 1 components extracted.

408

APPENDIX 14

Correlation, Reliability Analysis, and Factor Analysis Results ofPersonal Finance-Work Conflict

409

Personal Finance-Work Conflict


Mean Std Dev Cases

1. V62 1.2154 .4647 260.0 2. V63 1.1192 .3364 260.0 3. V64 1.1192 .3364 260.0 4. V65 1.1231 .3626 260.0 5. V66 1.1269 .3449 260.0

Correlation Matrix

V62 V63 V64 V65 V66

V62 1.0000V63 .5761 1.0000V64 .6255 .7611 1.0000V65 .5523 .7655 .7655 1.0000V66 .5514 .7676 .8342 .8933 1.0000

N of Cases = 260.0




V62 4.4885 1.6176 .6248 .4203 .9404V63 4.5846 1.7418 .8078 .6710 .8897V64 4.5846 1.7110 .8501 .7545 .8817V65 4.5808 1.6575 .8387 .8152 .8819V66 4.5769 1.6813 .8630 .8544 .8783_




410

Factor Analysis Results of Personal Finance-Work Conflict




Cumulative%

Total % ofVariance

Cumulative%

1 3.859 77.187 77.187 3.859 77.187 77.1872 .553 11.061 88.2483 .269 5.373 93.6214 .227 4.549 98.1715 9.147E-02 1.829 100.000Extraction Method: Principal Component Analysis.


WFconflict 5 .931WFconflict 4 .914WFconflict 3 .913WFconflict 2 .886WFconflict 1 .734Extraction Method: Principal Component Analysis.a 1 components extracted.

411

APPENDIX 15

Correlation, Reliability Analysis, and Factor Analysis Results of Productivity

412


Mean Std Dev Cases

1. V38 4.1518 .6158 257.0 2. V39 4.3113 .5766 257.0 3. V40 4.1245 .7343 257.0

Correlation Matrix

V38 V39 V40

V38 1.0000V39 .5266 1.0000V40 .4073 .4617 1.0000

N of Cases = 257.0




V38 8.4358 1.2625 .5363 .3115 .6193V39 8.2763 1.2867 .5847 .3506 .5725V40 8.4630 1.0855 .4962 .2505 .6889



413

APPENDIX 16

Work Time Used Last Month for Personal Financial Matters in the Post-Assessment

414

Statement Value n %1. Talked with a co-worker(s) about moneyproblems

.00

.05

.25

.30

.501.002.00Na

MSD

1581114143

182.12.37

86.80.50.50.52.27.71.6

100.0

2. Talked with a co-worker(s) aboutinvestments or retirement plans

.00

.10

.20

.25

.501.002.003.00

NMSD

12511293671

182.32.56

68.70.50.51.14.919.83.80.5

100.0

3. Talked to Human Resources Personnelabout changing my fringe benefits

.00

.05

.10

.20

.25

.501.002.00

NMSD

15811216103

182.211.51

86.80.50.51.10.53.35.51.6

100.0

a N does not add to 189 due to non-responses.

415

Statement Value n %4. Searched for information on personalfinances (e.g. magazines, Internet)

.00

.10

.501.002.003.004.006.008.0010.00

Na

MSD

157229432111

182.331.21

86.31.11.14.92.21.61.10.50.50.5

100.0

5. Reallocated the assets in my investmentportfolio

.00

.25

.501.002.003.004.00

NMSD

163149311

182.13.49

89.60.52.24.91.60.50.5

100.0

6. Used personal finance computer software .00.501.002.003.004.005.00

NMSD

171151121

182.13.63

94.00.52.70.50.51.10.5

100.0


416

Statement Value n %7. Consulted with a financial planner .00

.25

.501.002.0024.00

Na

MSD

158281121

182.241.80

86.81.14.46.01.10.5

100.0

8. Read or studied about money matterswhile at workb

.00

.10

.501.001.502.005.00

NMSD

163146161

182.15.55

89.60.52.23.30.53.30.5

100.0

9. Received telephone calls from creditorsregarding overdue debts

.00

.501.005.00

NMSD

179111

1823.571E-02

.38

98.40.50.50.5

100.0

10. Talked to a collection agency about pastdue payments

.001.005.00

NMSD

18011

1823.297E-02

.38

98.90.50.5

100.0

a N does not add to 189 due to non-responses.b Not asked in the pre-assessment questionnaire.

417

Statement Value n %11. Talked with a lender about consolidatingdebts

.00

.15

.25

.501.001.504.00Na

MSD

173113211

1825.165E-02

.34

95.10.50.51.61.10.50.5

100.0

12. Talked with a lender about financing ahomec

.00

.501.002.003.004.0010.00

NMSD

171251111

182.14.85

94.01.12.70.50.50.50.5

100.0

13. Spent time worrying about personalfinances

.00

.501.002.003.004.005.0010.0015.0020.0030.0040.00

NMSD

139223532111111

180.954.22

7721.112.82.81.71.10.60.60.60.60.60.6

100.0

a N does not add to 189 due to non-responses.c Modified from the pre-assessment questionnaire.

418

Statement Value n %14. Took time to handle personal financialmatters

.00

.10

.25

.30

.501.001.502.003.005.0010.0024.00

Na

MSD

127121330292211

181.572.05

70.20.61.10.61.716.61.15.01.11.10.60.6

100.0

15. Consulted with a lawyer regardingmoney problems

.00

.002.00

NMSD

18011

182 1.648E-02

.17

98.90.50.5

100.0

16. Asked about obtaining a payrolladvance

.00NMSD

1821820.000.00

100.0 100.0

17. Asked about borrowing from my401(k) retirement plan

.001.00

NMSD

1774

1812.21E-02

.15

97.82.2

100.0

18. Consulted with a credit counselor .00.501.00

NMSD

18011

1828.242E-038.269E-02

98.90.50.5

100.0


419

Statement Value n %19. Talked to an EAP professional aboutpersonal financial mattersd

.001.003.00Na

MSD

17911

1812.210E-02

.23

98.90.60.6

100.0

20. Made calls to family or friends todiscuss financial problems

.00

.501.003.00

NMSD

170291

1827.143E-02

.31

93.41.14.90.5

100.0

a N does not add to 189 due to non-responses.d Not asked in the pre-assessment questionnaire.

420

APPENDIX 17

Work Time Used Average Month for Personal Financial Matters in the Post-Assessment

421

Statement Values Frequency Percentage1. Talked with a co-worker(s) about moneyproblems

.00

.25

.501.003.00TotalMeanS. D.

14316102162.11.33

88.30.63.76.21.2100.0

2. Talked with a co-worker(s) aboutinvestments or retirement plans

.00

.10

.20

.25


110213102610162.32.56

67.91.20.61.96.216.06.2100.0

3. Talked to Human Resources Personnelabout changing my fringe benefits

.00

.05

.10

.25

.501.006.0010.00TotalMeanS. D.

1462125411 162.14.93

90.11.20.61.23.12.50.60.6100.0

422

Statement Values n (%) N (%)4. Searched for information on personalfinances (e.g. magazines, Internet)

.00

.10

.501.002.003.006.0010.00TotalMeanS. D.

13711125321162.331.15

84.60.60.67.43.11.91.20.6100.0

5. Reallocated the assets in my investmentportfolio

.00

.10

.20

.25


14511121111628.926E-02.309

89.50.60.60.61.26.80.6100.0

6. Used personal finance computer software .00.25.501.002.003.004.005.00TotalMeanS. D.

1521132111162.12.60

93.80.60.61.91.20.60.60.6100.0

7. Consulted with a financial planner .00.10.25.501.002.00TotalMeanS. D.

148133611626.389E-02.25

91.40.61.91.93.70.6100.0

423

Statement Values n %8. Read or studied about money matterswhile at work1

.00

.05

.501.001.502.00TotalMeanS. D.

14813613162.15.55

91.40.61.93.70.61.9100.0

9. Received telephone calls from creditorsregarding overdue debts

.00


1581211624.630E-02.41

97.50.61.20.100.0

10. Talked to a collection agency about pastdue payments

.001.00TotalMeanS. D.

16111626.173E-027.857E-02

99.40.6100.0

11. Talked with a lender about consolidatingdebts

.00

.01

.05

.10

.15

.25


153111111211623.123E-02.20

94.40.60.60.60.60.60.61.20.6100.0

1 Not asked in the pre-assessment questionnaire

424

Statement Values n (%) n (%)12. Talked with a lender about financing ahome2

.00

.251.0015.0020.00TotalMeanS. D.

1561311.241.96

96.30.61.90.60.6100.0

13. Spent time worrying about personalfinances

.00

.501.002.003.0010.0040.00TotalMeanS. D.

1283224221162.603.34

79.01.913.62.51.21.20.6100.0

14. Took time to handle personal financialmatters

.00

.01

.10

.25

.501.001.502.005.0010.0012.00TotalMeanS. D.

11622142725111162.431.35

71.61.21.20.62.516.71.23.10.60.60.6100.0

2 Modified from the pre-assessment questionnaire

425

Statement Values n (%) n (%)15. Consulted with a lawyer regardingmoney problems

.00

.25TotalMeanS. D.

16111621.543E-021.964E-02

99.40.6100.0

16. Asked about obtaining a payrolladvance

.00TotalMeanS. D.

1621620.000.00

100.0100.0

17. Asked about borrowing from my401(k) retirement plan

.00


160111621.543E-02.16

98.80.60.6100.0

18. Consulted with a credit counselor .00TotalMeanS. D.

1621620.000.00

100.0100.0

19. Talked to an EAP professional aboutpersonal financial matters3


15931621.852E-02.14

98.11.6100.0

20. Made calls to family or friends todiscuss financial problems

.00

.25


15611311823.549E-02.21

96.30.60.61.90.6100.0

3 Not asked in the pre-assessment questionnaire

426

APPENDIX 18

Correlation, Reliability Analysis, and Factor Analysis Results ofOrganizational Commitment

427

Organizational Commitment


Mean Std Dev Cases

1. V54 3.3831 .6728 261.0 2. V55 3.0958 .8426 261.0 3. V56 3.1494 .7264 261.0 4. V57 3.2759 .6509 261.0 5. V58 2.9808 .7618 261.0 6. V59 3.0536 .7875 261.0

Correlation Matrix

V54 V55 V56 V57 V58

V54 1.0000V55 .7695 1.0000V56 .6222 .6929 1.0000V57 .4955 .4776 .4332 1.0000V58 .5997 .6559 .6238 .4916 1.0000V59 .6942 .7747 .6381 .4663 .7133

V59

V59 1.0000

N of Cases = 261.0




V54 15.5556 9.7556 .7769 .6372 .8833V55 15.8429 8.6483 .8303 .7322 .8736V56 15.7893 9.6593 .7279 .5443 .8894V57 15.6628 10.7167 .5475 .3117 .9128V58 15.9579 9.4021 .7471 .5806 .8865V59 15.8851 9.0252 .8090 .6867 .8768_




428

Factor Analysis Results of Organizational Commitment



Component

Total % ofVariance

Cumulative %

Total % ofVariance

Cumulative %

1 4.081 68.017 68.017 4.081 68.017 68.0172 .646 10.765 78.7823 .427 7.124 85.9064 .393 6.543 92.4495 .261 4.344 96.7936 .192 3.207 100.000Extraction Method: Principal Component Analysis.


Organizationcommitment 1

.853


.895


.815


.656


.829


.877

Extraction Method: Principal Component Analysis.a 1 components extracted.

429

APPENDIX 19

Correlation, Reliability Analysis, and Factor Analysis Results of Pay Satisfaction

430

Pay Satisfaction


Mean Std Dev Cases

1. V50 2.7461 .8552 256.0 2. V51 2.4180 .9294 256.0 3. V52 2.6367 .9144 256.0 4. V53 2.5898 .8585 256.0

Correlation Matrix

V50 V51 V52 V53

V50 1.0000V51 .4991 1.0000V52 .6589 .6039 1.0000V53 .6161 .6187 .5438 1.0000

N of Cases = 256.0




V50 7.6445 5.3045 .6927 .5285 .8109V51 7.9727 5.0934 .6692 .4844 .8213V52 7.7539 5.0176 .7105 .5360 .8028V53 7.8008 5.2817 .6958 .5098 .8095



431

Factor Analysis Results of Pay Satisfaction



Component Total % of VarianceCumulative%

Total % ofVariance

Cumulative%

1 2.771 69.266 69.266 2.771 69.266 69.2662 .515 12.885 82.1513 .444 11.094 93.2454 .270 6.755 100.000Extraction Method: Principal Component Analysis.


Pay satisfaction3 .845Pay satisfaction4 .835Pay satisfaction1 .834Pay satisfaction2 .815Extraction Method: Principal Component Analysis.a 1 components extracted.

432

APPENDIX 20

Correlations of the Individual Characteristics and Personal Finances andCollienearity Test in Regression Analysis

433

Correlations of Individual Characteristics and Financial Attitude, Financial Knowledge, and Financial Behavior (N= 262)

1 2 3 4 5 6 7 8 9 10 111. Health 1.0002. Education .099 1.0003. Age .146* .086 1.0004. Work years .020 -.146* .306*** 1.0005. HouseholdIncome

.236*** .367*** .253*** .116 1.000

6. Family Size .072 .118 .219*** .109 .411*** 1.0007. Gender .013 -.505*** -.277*** -.008 -.240*** -.189*** 1.0008. Marital Status .099 .124* .210** .099 .595*** .582*** -.133* 1.0009. Financial AttitudeIndex

.184** .251*** .136* .055 .276*** .059 -.348*** .138* 1.000

10. FinancialKnowledge

.132* .440*** .200** .137* .398*** .080 -.324*** .193** .246*** 1.000

11. FinancialBehavior Index

.222** .030 .057 .070 .159* .001 -.069 .218** .334*** .120 1.000

Mean 3.68 4.51 38.89 4.73 5.78 3.02 .59 .75 13.99 2.61 8.47SD .83 1.69 9.42 3.23 2.65 1.57 .49 .43 3.04 1.10 3.27* Correlation is significant at the 0.05 level (2-tailed).** Correlation is significant at the 0.01 level (2-tailed).*** Correlation is significant at the 0.001 level (2-tailed).

434

Correlations Results of Individual Characteristics and Financial Well-being (N = 262)

1 2 3 4 5 6 7 8 9 10 11 12 13 141.000

1. Health .099 1.0002. Education .146* .086 1.0003. Age .020 -.146* .306 1.0004. Work Years .236*** .367*** .253*** .116 1.0005. HouseholdIncome

.072 .118 .219*** .109 .411*** 1.000

6. Family Size .013 -.505*** -.277*** -.008 -.240*** -.189** 1.0007. Gender .099 .124* .210** .099 .595*** .582*** -.133* 1.0008. MaritalStatus

.095 .091 .276*** .265*** .226*** -.065 -.210** .091 1.000

9. ObjectiveFinancialwellbeing1

.162* .283*** .326*** .203** .384*** .055 -.236*** .064 .356*** 1.000

10. ObjectiveFinancialWellbeing2

-.049 .044 -.028 .014 .025 -.018 .019 -.030 -.156* -.074 1.000


.058 .088 .057 .148* .218** -.007 -.061 .081 .556*** .329*** -.054 1.000


.165** .066 .199** .224*** .327*** -.004 -.160* .185** .654*** .319*** -.138* .467*** 1.000

13. Satisfactionwith PersonalFinances Index

.133* .107 .179** .210** .357*** -.017 -.241*** .159* .641*** .338*** -.215** .489*** .825*** 1.000

* Correlation is significant at the 0.05 level (2-tailed).** Correlation is significant at the 0.01 level (2-tailed).*** Correlation is significant at the 0.001 level (2-tailed).

435

Collinearity Test Results

a Predictors: (Constant), Marital Status, Work years, Health, Gender, Age, Education, Family Size,Household Incomeb Dependent Variable: Financial Attitude Index

Model SummaryModel R R SquareAdjusted R

SquareStd. Error

of theEstimate

Durbin-Watson

1 .444 .197 .170 2.7942 1.889

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1 Regression 449.742 8 56.218 7.200 .000Residual 1834.762 235 7.807

Total 2284.504 243

Collinearity DiagnosticsEigenvalue Condition

IndexVariance

Proportions

Dimension

(Constant)

HealthEducation

Age Workyears

Household

Income

FamilySize

Gender MaritalStatus

1 7.649 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .517 3.845 .00 .00 .01 .00 .00 .01 .01 .41 .023 .305 5.005 .00 .00 .00 .00 .72 .00 .01 .06 .034 .232 5.745 .01 .02 .09 .01 .07 .00 .08 .03 .185 .113 8.216 .00 .00 .00 .01 .01 .25 .63 .01 .116 7.062E-02 10.407 .01 .06 .11 .12 .05 .29 .23 .11 .377 5.931E-02 11.357 .00 .07 .52 .06 .09 .40 .02 .05 .298 3.900E-02 14.005 .00 .64 .00 .47 .05 .02 .00 .06 .019 1.427E-02 23.154 .98 .22 .26 .34 .00 .03 .01 .26 .00

a Dependent Variable: Financial Attitude Index

436

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Financial Knowledge


SquareStd. Error

of theEstimate

Durbin-Watson

1 .563 .317 .292 .9351 1.839

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1 Regression 88.007 8 11.001 12.582 .000Residual 189.728 217 .874

Total 277.735 225

Collinearity DiagnosticsEigenvalue Condition

IndexVariance

Proportions

Dimension

(Constant)

HealthEducation

Age Workyears

Household

Income

FamilySize


1 7.653 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .515 3.853 .00 .00 .01 .00 .00 .01 .01 .45 .013 .314 4.939 .00 .00 .00 .00 .70 .00 .01 .05 .034 .218 5.923 .01 .02 .09 .01 .08 .00 .10 .03 .175 .116 8.129 .00 .00 .00 .02 .02 .26 .56 .01 .116 6.946E-02 10.496 .01 .06 .09 .08 .02 .30 .29 .09 .467 6.060E-02 11.238 .00 .09 .54 .06 .09 .36 .01 .06 .208 3.921E-02 13.971 .00 .61 .00 .50 .08 .02 .02 .05 .009 1.430E-02 23.136 .98 .22 .26 .34 .00 .04 .00 .25 .01

a Dependent Variable: Financial Knowledge

437

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Financial Behavior Index


SquareStd. Error

of theEstimate

Durbin-Watson

1 .353 .124 .081 3.0125 2.070

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 1678.959 170

Collinearity DiagnosticsDimen

sionEigenvalue Condition

IndexVariance

Proportions(Constant)

HealthEducation

Age Workyears

Household

Income

FamilySize


1 7.740 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .523 3.847 .00 .00 .01 .00 .01 .00 .01 .45 .013 .280 5.259 .00 .00 .00 .00 .72 .00 .01 .09 .014 .187 6.427 .00 .02 .09 .01 .04 .00 .17 .01 .165 .100 8.785 .00 .00 .01 .00 .00 .27 .57 .00 .176 6.933E-02 10.566 .01 .03 .12 .13 .08 .31 .13 .05 .267 5.571E-02 11.786 .00 .14 .49 .02 .06 .25 .08 .08 .298 3.295E-02 15.325 .00 .61 .00 .47 .07 .13 .00 .04 .099 1.171E-02 25.704 .98 .20 .28 .36 .01 .03 .03 .27 .01

438

Objective Financial Well-being

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Objective Financial wellbeing1


SquareStd. Error

of theEstimate

Durbin-Watson

1 .444 .197 .169 2.5326 2.217

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 1836.879 238



IndexVariance


Health Education Age Workyears

Household

Income

FamilySize


1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00

a Dependent Variable: Objective Financial wellbeing1

439



SquareStd. Error

of theEstimate

Durbin-Watson

1 .552 .304 .280 2.3947 2.115

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 1895.749 238



IndexVariance



Household

Income

FamilySize


1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00


440



SquareStd. Error

of theEstimate

Durbin-Watson

1 .137 .019 -.015 .4639 2.008

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1 Regression .945 8 .118 .549 .819Residual 49.499 230 .215

Total 50.444 238

CoefficientsUnstandar

dizedCoefficient

s

Standardized

Coefficients

t Sig.CollinearityStatistics

Model B Std. Error Beta Tolerance VIF1 (Constant) .130 .220 .589 .557

Health-5.278E-02 .037 -.098 -1.441 .151 .929 1.077Education 2.177E-02 .022 .080 .968 .334 .627 1.595

Age-1.621E-04 .004 -.003 -.045 .964 .794 1.260work years 6.428E-03 .010 .045 .644 .520 .864 1.158household

annualincome

1.274E-02 .016 .072 .802 .424 .526 1.900

FAMSIZE-8.338E-03 .024 -.028 -.344 .731 .639 1.566Gender 4.752E-02 .073 .051 .647 .518 .684 1.461

MARITAL 5.102E-03 .099 .005 .051 .959 .485 2.063a Dependent Variable: Objective Financial wellbeing3

441



SquareStd. Error

of theEstimate

Durbin-Watson

1 .301 .091 .059 2.7231 2.053

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 1875.623 238



IndexVariance



Household

Income

FamilySize


1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .516 3.850 .00 .00 .01 .00 .00 .01 .01 .44 .013 .310 4.968 .00 .00 .00 .00 .72 .00 .01 .06 .034 .229 5.783 .01 .02 .09 .01 .06 .00 .09 .02 .175 .116 8.136 .00 .00 .00 .01 .01 .26 .58 .01 .106 6.931E-02 10.506 .01 .08 .19 .12 .07 .18 .23 .12 .297 5.614E-02 11.674 .00 .05 .45 .04 .07 .50 .06 .04 .408 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .05 .009 1.422E-02 23.197 .98 .20 .26 .36 .00 .03 .01 .25 .00


442

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Overall Financial Well-being


SquareStd. Error

of theEstimate

Durbin-Watson

.487 .237 .211 2.4875 2.063

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1Regression

450.010 8 56.251 9.091 .000

Residual 1447.924 234 6.188Total 1897.934 242



IndexVariance



Household

Income

FamilySize


1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .519 3.841 .00 .00 .01 .00 .00 .01 .01 .41 .023 .308 4.981 .00 .00 .00 .00 .73 .00 .01 .06 .024 .224 5.842 .00 .02 .09 .01 .05 .00 .09 .04 .185 .116 8.134 .00 .00 .00 .01 .01 .26 .60 .01 .116 7.004E-02 10.452 .01 .05 .09 .11 .04 .31 .26 .10 .427 5.895E-02 11.393 .00 .08 .56 .06 .10 .36 .02 .06 .248 3.922E-02 13.968 .00 .63 .00 .46 .06 .03 .01 .06 .019 1.405E-02 23.335 .98 .22 .24 .35 .00 .03 .01 .27 .00

443

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Satisfaction with Personal Finances


SquareStd. Error

of theEstimate

Durbin-Watson

1 .439 .193 .165 2.5545 2.001

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 1891.564 242



IndexVariance



Household

Income

FamilySize


1 7.651 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .519 3.841 .00 .00 .01 .00 .00 .01 .01 .41 .023 .308 4.981 .00 .00 .00 .00 .73 .00 .01 .06 .024 .224 5.842 .00 .02 .09 .01 .05 .00 .09 .04 .185 .116 8.134 .00 .00 .00 .01 .01 .26 .60 .01 .116 7.004E-02 10.452 .01 .05 .09 .11 .04 .31 .26 .10 .427 5.895E-02 11.393 .00 .08 .56 .06 .10 .36 .02 .06 .248 3.922E-02 13.968 .00 .63 .00 .46 .06 .03 .01 .06 .019 1.405E-02 23.335 .98 .22 .24 .35 .00 .03 .01 .27 .00

444

APPENDIX 21

Correlations of the Individual Characteristics and Work Outcomes andCollienearity Test in Regression Analysis

445

Correlations Results of Individual Characteristics and Work Outcomes (N = 262)

1 2 3 4 5 6 7 8 9 10 111. Health 1.0002. Education .099 1.0003. Age .146* .086 1.0004. Work Years .020 -.146* .306*** 1.0005. HouseholdIncome

.236*** .367*** .253*** .116 1.000

6. Family Size .072 .118 .219*** .109 .411*** 1.0007. Gender .013 -.505*** -.277*** -.008 -.240*** -.189** 1.0008. Marital Status .099 .124* .210** .099 .595*** .582*** -.133* 1.0009. Productivity-Quantity

.163** -.028 .030 .118 .056 .095 .003 .058 1.000

10. Productivity-Quality

.255*** .021 .101 .086 .113 -.004 -.016 .019 .530*** 1.000

11. PerformanceRating

.167** .031 -.045 .118 .171** -.067 -.070 .073 .407*** .462*** 1.000

12. Absence -.098 -.166** -.186** -.148* -.068 -.030 .219*** -.102 -.042 -.079 -.057 1.00013. Days TotallyUnable to Work

-.166** .015 -.100 .017 .007 .175 -.044 .015 -.066 -.098 -.101 .150* 1.000

14. Days Cut Downon Work

-.083 -.013 -.088 -.005 -.034 -.047 .080 -.058 -.198** -.079 -.034 .133* .234*** 1.000

15. PersonalFinance-workConflict Index

-.184** .005 -.119 -.055 -.127 .100 .078 -.031 -.061 -.120 -.034 .132* .182** .056 1.000

16. OrganizationalCommitment Index

.109 -.102 .040 .015 -.016 -.041 .104 .037 .106 .064 .101 -.114 -.165** -.114 -.178** 1.000

17. Pay SatisfactionIndex

.075 -.010 .004 -.092 .069 .036 -.051 .062 .004 -.007 .068 -.099 .005 -.074 -.120 .397*** 1.000

18. Work Time UseIndex

-.017 .136* .071 -.055 .103 .163* -.252*** .092 -.046 -.133* -.041 .100 .092 .213** .097 -.025 -.044 1.000

446

Collienearity Test Results

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Personal Finances-Work Conflict


SquareStd. Error

of theEstimate

Durbin-Watson

1 .307 .094 .063 1.5929 2.165

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

Regression 61.986 8 7.748 3.054 .003Residual 596.260 235 2.537

Total 658.246 243

Dimension

Eigenvalue ConditionIndex

VarianceProportions(Constant)


Household

Income

FamilySize


1 7.653 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .43 .013 .308 4.983 .00 .00 .00 .00 .71 .00 .01 .06 .034 .228 5.792 .01 .02 .09 .01 .06 .00 .09 .02 .185 .114 8.190 .00 .00 .00 .01 .01 .26 .61 .01 .116 7.016E-02 10.444 .01 .06 .12 .12 .05 .28 .24 .11 .367 5.961E-02 11.330 .00 .07 .51 .06 .09 .39 .03 .05 .298 3.895E-02 14.017 .00 .64 .00 .47 .06 .02 .00 .06 .019 1.444E-02 23.022 .98 .21 .26 .33 .00 .03 .01 .25 .00

447

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Productivity-Quantity


SquareStd. Error

of theEstimate

Durbin-Watson

1 .227 .052 .019 .6229 2.081

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1 Regression 4.935 8 .617 1.590 .129Residual 90.408 233 .388

Total 95.343 241

CoefficientsUnstandard

izedCoefficients

Standardized

Coefficients


Model B Std. Error Beta Tolerance VIF1 (Constant) 3.641 .291 12.513 .000

Health .127 .049 .170 2.573 .011 .929 1.077Education -1.449E-02 .030 -.039 -.481 .631 .622 1.607

Age -2.429E-03 .005 -.036 -.508 .612 .801 1.249work years 2.274E-02 .013 .116 1.696 .091 .874 1.144household

annualincome

2.600E-04 .021 .001 .012 .990 .529 1.889

FAMSIZE 4.011E-02 .032 .099 1.234 .218 .636 1.572Gender -2.964E-02 .099 -.023 -.301 .764 .679 1.472

MARITAL -1.208E-02 .131 -.008 -.092 .927 .489 2.045a Dependent Variable: Productivity-quantity

448

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Productivity-quality


SquareStd. Error

of theEstimate

Durbin-Watson

1 .290 .084 .053 .5626 2.124

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1 Regression 6.759 8 .845 2.670 .008Residual 73.741 233 .316

Total 80.500 241

Dimension




Household

Income

FamilySize


1 7.655 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .520 3.838 .00 .00 .01 .00 .01 .01 .01 .42 .013 .303 5.028 .00 .00 .00 .00 .71 .00 .02 .07 .034 .228 5.800 .01 .02 .09 .01 .09 .00 .08 .02 .175 .114 8.208 .00 .00 .00 .01 .01 .27 .60 .01 .106 7.028E-02 10.437 .01 .06 .12 .12 .05 .26 .24 .11 .367 5.694E-02 11.595 .00 .07 .52 .06 .08 .40 .04 .06 .318 3.920E-02 13.974 .00 .64 .00 .47 .05 .02 .00 .05 .019 1.455E-02 22.940 .98 .21 .25 .34 .00 .03 .01 .25 .00

449

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Performance rating


SquareStd. Error

of theEstimate

Durbin-Watson

1 .327 .107 .076 .7052 1.915

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

Regression

13.882 8 1.735 3.489 .001

Residual 115.886 233 .497Total 129.769 241

Dimension




Household

Income

FamilySize


1 7.655 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .520 3.838 .00 .00 .01 .00 .01 .01 .01 .42 .013 .303 5.028 .00 .00 .00 .00 .71 .00 .02 .07 .034 .228 5.800 .01 .02 .09 .01 .09 .00 .08 .02 .175 .114 8.208 .00 .00 .00 .01 .01 .27 .60 .01 .106 7.028E-02 10.437 .01 .06 .12 .12 .05 .26 .24 .11 .367 5.694E-02 11.595 .00 .07 .52 .06 .08 .40 .04 .06 .318 3.920E-02 13.974 .00 .64 .00 .47 .05 .02 .00 .05 .019 1.455E-02 22.940 .98 .21 .25 .34 .00 .03 .01 .25 .00

450

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Absences


SquareStd. Error

of theEstimate

Durbin-Watson

1 .324 .105 .075 1.2362 1.816

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.


Total 403.078 244

Dimension




Household

Income

FamilySize


1 7.650 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .42 .023 .308 4.983 .00 .00 .00 .00 .72 .00 .01 .06 .034 .230 5.761 .01 .02 .09 .01 .06 .00 .08 .03 .185 .114 8.187 .00 .00 .00 .01 .01 .26 .61 .01 .106 7.045E-02 10.420 .01 .05 .11 .12 .05 .28 .24 .11 .387 5.993E-02 11.298 .00 .07 .52 .06 .10 .38 .03 .06 .298 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .06 .019 1.445E-02 23.009 .98 .21 .26 .34 .00 .03 .01 .26 .00

451

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Totally unable to work


SquareStd. Error

of theEstimate

Durbin-Watson

1 .298 .089 .058 1.1434 1.802

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

Regression

29.964 8 3.746 2.865 .005

Residual 308.542 236 1.307Total 338.506 244

Dimension




Household

Income

FamilySize


1 7.650 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .514 3.859 .00 .00 .01 .00 .00 .01 .01 .42 .023 .308 4.983 .00 .00 .00 .00 .72 .00 .01 .06 .034 .230 5.761 .01 .02 .09 .01 .06 .00 .08 .03 .185 .114 8.187 .00 .00 .00 .01 .01 .26 .61 .01 .106 7.045E-02 10.420 .01 .05 .11 .12 .05 .28 .24 .11 .387 5.993E-02 11.298 .00 .07 .52 .06 .10 .38 .03 .06 .298 3.921E-02 13.968 .00 .65 .00 .46 .06 .02 .01 .06 .019 1.445E-02 23.009 .98 .21 .26 .34 .00 .03 .01 .26 .00

452

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Cut down on work


SquareStd. Error

of theEstimate

Durbin-Watson

1 .141 .020 -.013 2.5020 1.958

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1Regression

30.058 8 3.757 .600 .777

Residual 1477.395 236 6.260Total 1507.453 244


dizedCoefficient

s

Standardized

Coefficients


Model B Std. Error Beta Tolerance VIF1 (Constant) 3.767 1.164 3.236 .001

Health -.255 .197 -.087 -1.295 .197 .925 1.081Education 5.668E-02 .119 .038 .477 .634 .640 1.564

Age-1.484E-02 .019 -.057 -.776 .439 .781 1.280work years 2.139E-02 .054 .028 .399 .691 .863 1.159household

annualincome

2.716E-02 .084 .029 .324 .747 .526 1.902

FAMSIZE-2.745E-02 .130 -.017 -.211 .833 .629 1.589Gender .437 .394 .087 1.109 .269 .682 1.466

MARITAL -.156 .519 -.028 -.300 .765 .491 2.037a Dependent Variable: Cut down on work

453

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Work Time Use Index


SquareStd. Error

of theEstimate

Durbin-Watson

1 .300 .090 .057 1.9339 2.145

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1Regression

80.694 8 10.087 2.697 .008

Residual 815.332 218 3.740Total 896.026 226

Dimension




Household

Income

FamilySize


1 7.648 1.000 .00 .00 .00 .00 .00 .00 .00 .00 .002 .527 3.808 .00 .00 .01 .00 .00 .01 .01 .43 .023 .309 4.979 .00 .00 .00 .00 .69 .01 .01 .05 .044 .223 5.856 .01 .02 .09 .01 .10 .00 .09 .02 .165 .114 8.177 .00 .00 .00 .01 .02 .26 .57 .02 .096 6.966E-02 10.478 .01 .06 .17 .11 .05 .20 .25 .10 .347 5.709E-02 11.574 .00 .05 .47 .05 .08 .48 .05 .04 .348 3.739E-02 14.303 .00 .67 .01 .46 .06 .01 .01 .06 .019 1.450E-02 22.969 .98 .19 .25 .36 .00 .04 .01 .28 .00

454

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Pay Satisfaction


SquareStd. Error

of theEstimate

Durbin-Watson

1 .171 .029 -.004 2.9976 2.014

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1Regression

62.612 8 7.826 .871 .542

Residual 2075.722 231 8.986Total 2138.333 239


dizedCoefficient

s

Standardized

Coefficients



Health .222 .238 .063 .932 .352 .934 1.071Education -.198 .145 -.112 -1.368 .173 .630 1.587

Age-5.575E-03 .023 -.018 -.242 .809 .800 1.250work years -.110 .065 -.117 -1.698 .091 .880 1.137household

annualincome

8.071E-02 .102 .070 .794 .428 .534 1.872

FAMSIZE-7.840E-04 .156 .000 -.005 .996 .636 1.571Gender -.585 .476 -.097 -1.229 .220 .682 1.467

MARITAL .264 .632 .039 .418 .676 .489 2.044a Dependent Variable: PAYSAT

455

a Predictors: (Constant), Marital Status, Work Years, Health, Gender, Age, Education, FamilySize, Household Incomeb Dependent Variable: Organizational Commitment


SquareStd. Error

of theEstimate

Durbin-Watson

1 .199 .039 .006 3.6987 1.839

ANOVAModel Sum of

Squaresdf Mean

SquareF Sig.

1Regression

129.756 8 16.220 1.186 .308

Residual 3160.139 231 13.680Total 3289.896 239


dizedCoefficient

s

Standardized

Coefficients



Health .414 .294 .094 1.409 .160 .934 1.071Education -.271 .178 -.124 -1.521 .130 .630 1.587

Age 2.723E-02 .028 .069 .957 .340 .800 1.250work years-1.792E-02 .080 -.015 -.225 .822 .880 1.137household

annualincome

-2.661E-02 .125 -.019 -.212 .832 .534 1.872

FAMSIZE -.189 .193 -.079 -.980 .328 .636 1.571Gender .278 .587 .037 .474 .636 .682 1.467

MARITAL .881 .780 .104 1.130 .260 .489 2.044a Dependent Variable: ORGCOMIT

456

APPENDIX 22

Correlations, Means, and Standard Deviations Among Variables inStructural Equation Models

457

Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Productivity (N = 262)

V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000V38 -0.031 -0.002 -0.043 -0.006 0.095 0.056 -0.023 -0.062 0.001 0.107 -0.036 -0.053 -0.036 -0.022 -0.054 -0.051 -0.033 1.000V39 0.056 0.154 0.104 0.099 0.182 0.062 0.007 -0.117 -0.028 0.190 0.123 0.120 0.115 -0.047 -0.137 -0.112 -0.073 0.530 1.000V40 0.139 0.119 0.111 0.180 0.189 0.135 0.082 0.054 0.123 0.190 0.238 0.158 0.156 -0.023 0.000 -0.062 0.000 0.409 0.466 1.000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 4.153 4.310 4.139SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 0.614 0.575 0.740

v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 = Financial a

behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v38 =productivity-quantity, v39 = productivity- quality, v40 = productivity-performance rating

458

Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Negative Work Time Use (N = 262)

V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65 absenceV5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000Negwork -0.003 -0.209 -0.095 -0.066 -0.034 -0.095 -0.076 -0.096 -0.132 -0.081 -0.276 -0.339 -0.315 0.197 0.153 0.136 0.222 1.0000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 0.983SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 1.278


behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, absence =negative work time use index

459

Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Absenteeism (N = 262)

V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65 absenceV5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000Absence -0.015 -0.117 -0.080 -0.088 -0.038 -0.064 0.091 -0.080 -0.131 -0.161 -0.095 -0.119 -0.048 0.167 0.057 0.186 0.114 1.000M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122 17.635SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361 22.921


behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, absence = totalnumber of absent days (the sum of the frequency of absences and work loss days) negative work time use index

460

Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Organizational Commitment (N = 262)

V5 V6 V7 V8 V9 V10 V13 V16 v17 v31 v32 v33 v54 v55 v56 v57 v58 v59V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.783 1.0000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.701 0.814 1.000V54 -0.039 0.036 0.005 -0.033 -0.026 0.014 0.045 0.017 0.099 0.093 0.043 0.058 1.000V55 -0.027 0.079 0.038 -0.000 0.009 -0.004 0.032 0.031 0.065 0.070 0.013 0.067 0.770 1.000V56 0.027 0.168 0.086 0.027 0.077 -0.028 0.050 -0.152 0.001 0.142 0.098 0.117 0.622 0.692 1.000V57 0.055 0.102 0.043 0.048 0.059 0.055 0.048 0.023 0.039 0.099 -0.004 0.088 0.493 0.474 0.433 1.000V58 0.010 0.146 0.058 0.015 0.025 -0.059 0.073 -0.029 0.066 0.083 0.014 0.072 0.598 0.654 0.623 0.491 1.000V59 -0.021 0.062 -0.016 -0.029 -0.031 -0.049 0.018 -0.044 0.030 0.039 0.008 0.066 0.692 0.772 0.638 0.466 0.713 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.220 -0.211 -0.201 -0.091 -0.033 -0.059 -0.044 -0.117 -0.072V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 -0.159 -0.172 -0.153 -0.190 -0.163 -0.183 -0.118 -0.154 -0.168V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.223 -0.195 -0.203 -0.186 -0.150 -0.183 -0.150 -0.111 -0.126V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.236 -0.257 -0.257 -0.131 -0.165 -0.186 -0.143 -0.089 -0.104KNOWLED 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 0.287 0.272 0.244 0.101 0.130 0.086 0.137 0.094 0.089M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 5.069 3.165 3.084 3.385 3.099 3.149 3.274 2.980 3.053SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 2.213 0.999 0.937 0.673 0.843 0.726 0.650 0.760 0.786


behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v54 – v59 =organizational commitment 1 - 6

461

V62 v63 v64 v65 v66V5V6V7V8V9V10V13V16V17V31V32V33V54V55V56V57V58V59V62 1.000V63 0.564 1.000V64 0.626 0.748 1.000V65 0.553 0.752 0.766 1.000KNOWLED -0.085 0.013 -0.049 -0.092 1.000M 1.215 1.122 1.118 1.122 2.614SD 0.464 0.339 0.335 0.361 1.101


behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 – 4, v54 – v59 =organizational commitment 1 - 6

462

Correlations, Means, and Standard Deviations Among Variables in a Model Predicting Pay Satisfaction ( N= 262)

V5a V6 V7 V8 V9 V10 V13 V16 v17 knowled v31 v32 v33 v62 v63 v64 v65V5 1.000V6 0.652 1.000V7 0.553 0.641 1.000V8 0.559 0.491 0.656 1.000V9 0.274 0.210 0.321 0.581 1.000V10 0.316 0.213 0.350 0.435 0.240 1.000V13 0.097 0.131 0.175 0.172 0.213 0.348 1.000V16 0.065 0.123 0.180 0.205 0.066 0.433 0.262 1.000V17 0.035 0.058 0.087 0.109 0.041 0.343 0.138 0.578 1.000Knowled 0.109 0.029 0.110 0.260 0.370 0.194 0.083 0.014 0.098 1.000V31 0.363 0.511 0.457 0.469 0.263 0.261 0.151 0.195 0.152 0.287 1.000V32 0.326 0.545 0.437 0.402 0.234 0.249 0.142 0.122 0.118 0.272 0.784 1.000V33 0.284 0.483 0.390 0.314 0.197 0.227 0.105 0.107 0.086 0.244 0.701 0.814 1.000V62 -0.163 -0.241 -0.059 -0.067 -0.019 -0.126 0.010 -0.112 -0.143 -0.085 -0.220 0.212 -0.201 1.000V63 -0.108 -0.226 -0.062 -0.016 -0.002 0.007 -0.020 -0.041 -0.036 0.013 -0.160 0.173 -0.153 0.564 1.000V64 -0.189 -0.259 -0.126 -0.091 -0.019 -0.094 -0.010 -0.072 -0.046 -0.049 -0.224 0.196 -0.203 0.626 0.748 1.000V65 -0.132 -0.316 -0.114 -0.076 0.009 -0.102 -0.042 -0.066 -0.045 -0.092 -0.237 0.258 -0.257 0.553 0.752 0.766 1.000V50 -0.020 0.050 0.011 -0.018 0.039 0.058 0.081 0.056 0.055 0.059 0.107 0.123 0.139 -0.145 -0.066 -0.178 -0.124V51 -0.024 0.039 0.011 0.020 0.032 -0.055 0.023 0.053 -0.041 0.095 0.088 0.094 0.121 -0.111 -0.079 -0.010 -0.040V52 -0.053 0.017 0.020 0.019 0.064 -0.028 0.037 -0.010 -0.018 0.105 0.100 0.090 0.119 -0.053 -0.075 -0.125 -0.077V53 -0.024 0.105 0.075 -0.007 0.009 -0.067 0.037 -0.017 -0.079 0.060 0.083 0.108 0.149 -0.050 -0.019 -0.114 -0.051M 3.088 3.134 2.756 2.321 2.695 2.429 2.504 1.548 1.991 1.215 5.069 3.165 3.084 1.215 1.122 1.118 1.122SD 0.710 0.712 0.759 0.875 0.887 1.088 1.286 1.313 2.213 0.464 2.213 0.999 0.937 0.464 0.340 0.335 0.361


behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict 1 - 4, v50 - v53 = PaySatisfaction 1 - 4

463

v50 v51 v52 v53V50 1.000V51 0.496 1.000V52 0.657 0.604 1.000V53 0.617 0.619 0.545 1.000M 2.748 2.644 2.644 2.596SD 0.847 0.928 0.9111 0.853 v5 - v9 = Financial attitude 1 - Financial attitude = 5, V10 = Financial behavior 1, v13 = Financial behavior 2, v16 = Financial behavior 3, v17 =Financial a behavior 4, Knowled = Financial Knowledge, v31 - v33 = Overall Financial Well-being 1-3, v62 - v65 = Personal Finance-Work Conflict1 - 4, v40 = Performance Rating, v41 = Absenteeism, v50 - v53 = Pay Satisfaction 1 - 4

464

APPENDIX 23

Financial Attitudes and Financial Behaviors in a Follow-up Survey

465

As a result of the participation in the education andindividual counseling, I

Yes No

Have a more adequate knowledge of personal finances 42(80.8)

10(19.2)

Feel that I am in more control of my personal finances 34(65.4)

18(34.6)

Feel more confident in managing money to achieve myfinancial goals

38(73.1)

14(26.9)

Feel more confident in making investment decisions 26(51.0)

25(49.0)

Have a better understanding of the relationship between risksand returns in investing

30(57.7)

22(42.3)

466

As a result of the participation in the education andindividual counseling, I

Yes No NA

Tried to determine how much I will need to livecomfortably in retirement

28(56.0)

16(32.0)

6(12.0)

Started making contributions to my 401(k) retirement plan 5(9.6)

11(21.1)

36(69.2)

Increased the amount of my contributions to my 401(k)retirement plan but not to the maximum

9(17.3)

24(46.1)

19(36.5)

Increased the amount of my contributions to my 401(k) planup to the maximum

3(6.7)

28(53.8)

21(40.4)

Changed the way the money in my 401(k) plan is invested 13(25.5)

29(56.9)

9(17.6)

Did not change my 401(k) plan investments because it wasunnecessary

27(54.0)

14(28.0)

9(18.0)

Increased the amount I repay on the loan that I obtainedfrom my 401(k) retirement plan

1(1.9)

14(26.9)

37(71.2)

Decided to participate in or increase my contribution to thepre-tax dependent care program

2(3.8)

21(40.3)

29(55.8)

Decided to participate in or increase my contribution to thepre-tax health care program

2(3.8)

28(53.9)

22(42.3)

Decided to change the amount of life insurance I purchasethrough my employer

2(3.8)

32(61.5)

18(34.6)

Sought additional financial advice from a financial advisorother than this outside financial education provider

8(15.6)

35(68.6)

8(15.7)

Increased the amount of my savings outside of my 401(k)plan

19(36.5)

26(50.0)

7(13.5)

Developed a budget or spending plan 17(32.7)

25(48.1)

10(19.2)

Developed a plan for my financial future 23(44.2)

23(44.2)

6(11.5)

Reduced some of my personal debts 19(37.2)

19(36.5)

13(25.5)

Paid my credit card bills on time 18(35.3)

8(25.4)

25(49.0)

Sought advice from an attorney to develop or update a willor for other estate planning purposes

7(13.5)

30(57.7)

15(28.8)

467

Appendix 24

IRB Request Form

468

RESEARCH PROTOCOL

TITLE: WORKPLACE FINANCIAL EDUCATION, FINANCIAL WELL-BEING,

AND WORK OUTCOMES

Justification of Project

The problem of this research is to explore the effects of workplace financial education on

workers’ personal finances and work outcomes. A conceptual model will be developed to

explain how workplace financial education can potentially improve employees’ financial

well-being as well as impact work outcomes. An empirical model will be tested that

explains the relationships among workplace financial education, financial well-being,

personal finance-work conflict, and work outcomes.

The conceptual model of workplace financial education, personal finances, and work

outcomes will provide a base for future research and theory development. The model will

help to explain the effects of workplace financial education on personal finances and work

outcomes. This study will provide the conceptual model that explains how workplace

financial education changes personal financial management and personal financial well-

being. The model will also help to understand how personal finances are related to work

outcomes. Personal finance-work conflict will be used to link the personal financial well-

being and workers’ attitudes, behaviors and productivity at work.

Empirical testing between workplace financial education and financial well-being will be

used to identify the effectiveness of workplace financial education. The profile of personal

financial well-being will help understand the workers’ financial situation and determine

their problems. The information of the work outcomes-productivity, absenteeism,

organizational commitment, and job satisfaction will be useful to employees, employers,

researchers, and policy makers. Any relationship found between financial well-being and

work outcomes will illustrate the need for workplace financial education to employees,

human resources managers, employers, and policy makers.

469

Measures of financial attitudes and behaviors could be used to quantify the effects of

financial education by financial educators and financial planners. Subjective and objective

measures of financial well-being will be used to determine the current financial situation

for the future studies. Measures of personal finance-work conflict and four work outcomes

will help to identify the importance of personal finances on work life.

Procedures

Respondents for this survey will be drawn from the payrolls of the XXX company. The

research design will be a pre-assessment and post-assessment survey. The pre-assessment

data will be collected in February 1999 before workplace financial education seminars are

provided. A cover letter, which introduces the research study and assures confidentiality

and stresses the need for participation, will be placed along with a survey questionnaire in

a business envelope. The first survey questionnaire for a pre-assessment will be mailed. A

week after the first survey instrument is mailed, a thank-you/reminder postcard will be

mailed. Completed surveys will be returned directly to the investigators, not to the

employer. In this way, the anonymity of the respondent will be preserved. Index cards will

allow respondents to participate in a lottery drawing for a $200 cash prize. It is hoped that

this will provide additional incentive to the respondent to complete and return the

questionnaire, thus increasing the response rate. Respondents will be instructed to provide

their names and addresses on the index card with the answered questionnaire. Three weeks

after the first questionnaire is mailed, a follow-up questionnaire with a shorter cover letter

will be sent to non-respondents. The workplace financial education seminar will be

delivered in March. The same survey method will be used for the post-assessment survey

three months after the workplace financial education seminars are provided.

Risks and Benefits

There are no risks to the respondents participating in this research. Data collection and

analysis will be conducted with strict confidentiality. Results of this study will be used to

support a need for providing workplace financial education to improve workers’ financial

well-being and work outcomes.

470

Confidentiality/Anonymity

Confidentiality will be maintained during the research process. The respondents cannot be

identified with any numbers. Subject names will never be associated with their responses.

Only the investigators will access to the personal information. The respondent’s name,

address, and any other personal data will not be shared with the employer.

Biographical Sketches

Jinhee Kim (1-6677) is a doctoral candidate in the Department of Near Environments.

E. Thomas Garman (1-6677) is Ms. Kim’s research supervisor. He is also a COTA Fellow

and professor in the Department of Near Environments in the College of Human Resources

and Education

Paul Camp (1-8880) is Director of Research for the Personal Finance Employee Education

Outreach Effort.

471

VITA

Jinhee Kim was born in April 2, 1971 and attended elementary school and

secondary school in Ulsan, Korea. She entered Seoul National University in Seoul, Korea

in 1989 and earned the Bachelor of Science in Home Economics with honor in 1993. Upon

graduation, she decided to pursue graduate work at Seoul National University and received

her Master of Science in Consumer Economics in 1995. She served as a researcher and

instructor at universities in Korea from 1995 through 1996.

In August 1996, Kim enrolled in Virginia Polytechnic Institute and State University

to pursue a Ph.D. focusing on consumer economics. She worked as a graduate teaching

assistant during her graduate program. She was a co-editor of Personal Finances Worker

Productivity from August 1998 to December 1999. She worked as a director of research at

National Institute for Personal Finance Employee Education from August 1999 –

December 1999.

She received the Alfred and Shirley Wampler Caudill Research Scholarship as a

co-recipient in 1998 and 1999. Also, she received the Alfred and Shirley Wampler Caudill

Research Scholarship in 2000. She received the Award for the Best Student Paper at the

Association for Financial Counseling and Planning Education in 1999.

Kim is a member of the American Council on Consumer Interests, the Association for

Financial Counseling and Planning Education, and Kappa Omicron Nu.

appendix 1 workplace financial education pre-assessment ... · 1. personal illness 8. family money...

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