The Academy of Financial Services (AFS) is excited to be collaborating with FPA to provide an "integrated conference experience" for AFS members this year. The AFS research conference will run for the full 2.5 days of the FPA Conference as part of a dedicated research track bringing the best of AFS and the Journal of Financial Planning (JFP) to you.
- A dedicated Research Room for presentations designed to bring the most relevant research impacting professional financial planners. This includes research sessions sponsored by the JFP and peer-reviewed research papers presented by AFS members. These sessions are CE credit approved.
- The winner of the JFP's Montgomery-Warschauer Award for best research from the prior year will present their research.
- In the Research Room AFS will coordinate other research content such as a panel discussion with the editors of the 4 major FP research journals explaining to planners and academics the type of research content to be found, how to best consume/digest research and apply it to a FP practice and more.
- A new FP Research Shark Tank. Based on the format of the popular TV series a select number of researchers will do 5 minute "pitches" on research that they believe would be significantly impactful for practitioners. Planners and researchers will then vote on the most exciting research proposal.
- AFS are co-ordinating 2 additional mini-breakout research rooms where researchers will present additional peer-reviewed, unpublished research selected from the many submissions we received. A timetable of these sessions can be found below.
- AFS will manage the research rooms for fully-hybrid attendance with face-to-face or virtual attendance. Although the content will be exceptional, we hope to see many of you in person as the networking, exhibit hall, FPA keynote speakers and other sessions outside of the research cannot be experienced any other way.
Intergenerational Wealth and Its Impact on Financial Wellbeing in America
Short Description
Intergenerational wealth transfers could influence individuals’ perceptions of financial security positively, and the frequency and impact of the transfer could vary with age. This study examined the associations between family wealth transfers and the financial wellbeing of Americans by age group using the National Financial Capability Study (NFCS) dataset. Among the analytic samples, less than one-third of respondents reported having received or anticipated any kind of intergenerational transfer. The regression analysis indicates that in general, individuals with expectations of inheritance reported greater financial satisfaction and well-being. Individuals who received gifts had lower financial wellbeing but higher financial satisfaction, and those who had their expenses covered by their parents or grandparents had poorer financial wellbeing. The magnitude of the associations also varied with generations. This study provides important insights into the associations between various forms of wealth transfers and individuals’ perceived financial wellbeing.
Upload a BLIND copy in Word Document format. Ensure all authors names are removed from the submission. Use the Paper Name + BLIND as the name of the file.
Lead & Corresponding Author
Sunwoo Lee, York University
Email Address
Names of authors in order
Sunwoo Lee, Kyoung Tae Kim, Olivia Valdes