Ratios and Benchmarks for Measuring the Financial Well-Being of Families and Individuals

Authors

  • Sue A. Greninger Human Ecology Department, The University of Texas, Austin, TX 78712
  • Vickie L. Hampton Human Ecology Department, The University of Texas, Austin, TX 78712
  • Kamd A. Kitt Human Ecology Department, The University of Texas, Austin, TX 78712
  • Joseph A. Achacoso Human Ecology Department, The University of Texas, Austin, TX 78712

DOI:

https://doi.org/10.1016/S1057-0810(96)90027-X

Abstract

Financial planners and educators comprised a panel of 156 experts in this Delphi study designed to identify and refine ratios and benchmarks for measuring financial well- being. Consensus between the two groups existed for benchmarks on 20 of 22 ratios in the areas of liquidity, savings, asset allocation, inflation prorection, tax burden, hous- ing expenses, and insolvency/credit. Consensus regarding the usefulness of specific ratios was observed for liquidity and tax burden but not for inflation protection and insolvency/credit. The preferred ratios were generally less complex and more easily measuredthanmanyoftheratiosusedinprevious work.From the findings, a profile of financial well-being for the typical family/individual was proposed.

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Published

1996-06-30

Issue

Vol. 5 No. 1 (1996): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1996 JAI Press Inc.

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How to Cite

Ratios and Benchmarks for Measuring the Financial Well-Being of Families and Individuals. (1996). Financial Services Review, 5(1), 57-70. https://doi.org/10.1016/S1057-0810(96)90027-X