{"content":[{"text":"So-hyun Joo","bbox":{"left":0.117647,"top":0.045472,"width":0.08232500000000001,"height":0.015539999999999998}},{"text":"Chapter VI.","bbox":{"left":0.342353,"top":0.045472,"width":0.077843,"height":0.015539999999999998}},{"text":"Discussion of Research Questions","bbox":{"left":0.428839,"top":0.045472,"width":0.22565399999999997,"height":0.015539999999999998}},{"text":"171","bbox":{"left":0.843137,"top":0.044174,"width":0.024706000000000006,"height":0.016978}},{"text":"The supporting reasons for the sample’s low financial wellness are (a) they were not satisfied with \n their ability to save, (b) they worried about their debt, (c) they did not have enough income, (d) \n they did not think that they would have enough money for retirement, and (e) they were not \n knowledgeable consumers. As shown earlier in Table 7, as a group the respondents were not \n satisfied with their ability to save. More than half of the respondents (55.7%) had difficulty living \n on their income. More than half also worried about their debt (54.4%), and more than half \n (59.1%) thought they would not have enough money for retirement.","bbox":{"left":0.117647,"top":0.111924,"width":0.7613319999999999,"height":0.18203}},{"text":"As a group, however, the financial future view of the respondents was optimistic. More than half \n of the respondents (54.8%) were optimistic about their future. The good macro economic \n condition of America in 1998 could have affected the future financial outlook of the respondents. \n Even though many may be optimistic about the future, the respondents are not financially well. \n Other personal financial wellness scales of the respondents support this observation. In addition, \n they are not prepared for retirement. Over two-fifths (43.3%) of the respondents reported that \n they never set money aside for retirement (Table 8 in previous chapter), and a great majority \n (77.3%) of the respondents never put money into a voluntary supplementary tax-sheltered \n employer-sponsored retirement contribution (Table 13 in previous chapter).","bbox":{"left":0.117647,"top":0.327682,"width":0.756988,"height":0.23596900000000004}},{"text":"One study showed that the number of people who have trouble paying their bills and worry about \n money was two-thirds of the respondents (“Coping with,” 1996). Porter (1990) reported that \n 60.3% of the respondents were not satisfied with the amount of money they were able to save. \n O’Neill (1995) found that 77% of people worried about their debts. Compared to the previous \n studies, this research result found similar statistics. Any deviation from the previous studies, \n however, may be because of the dissimilarities of the sample and differences in the time of the \n survey. The sample of this study was delimited to one type of worker (clerical) from one \n employer. Therefore, the relative homogeneity of the characteristics of respondents may be \n existed compared to the other studies. Also, the macro economic situation in 1998 is different","bbox":{"left":0.117647,"top":0.597379,"width":0.7566059999999999,"height":0.23596899999999998}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}