Familial Responses to Financial Instability: The Financial Management Behaviors Scale, 2009 [United States] (ICPSR 26542)

Published: May 20, 2010

Principal Investigator(s):
National Center for Family and Marriage Research; Jeffrey Dew, University of Virginia; Jing Jian Xiao, University of Rhode Island



Version V1

This study focused on how financial difficulties may hinder or facilitate sound financial management. A survey of 1,000 adults aged 18 years and older from the general population was conducted by Knowledge Networks on behalf of the National Center for Family and Marriage Research. The survey was completed by 1,014 respondents out of 1,517 cases (66.8 percent response rate). Although financial behavior research is common in the literature, no financial behavior scale exists that is both multi-dimensional and psychometrically validated. Using data from a national sample, this study developed and examined the psychometric properties of a new scale of financial management behaviors. The Financial Behavior Scale (FBS) displayed adequate reliability (alpha = .81). Further, it was highly associated with other measures of financial behavior and discriminated between financial behaviors and time use behaviors. Finally, the scale was highly predictive of savings, consumer debt, and investments. Thus, the FBS appears to be a reliable and valid scale of financial behaviors.

Inter-university Consortium for Political and Social Research


2009-08-12 -- 2009-08-25

This research is supported by the National Center for Family and Marriage Research, which is funded by a cooperative agreement, grant number 5 U01 AE000001-03, between the Assistant Secretary for Planning and Evaluation (ASPE) in the United States Department of Health and Human Services (HHS) and Bowling Green State University.

Study design is described in the study documentation.

A description of the sampling is provided in the study documentation.


survey data

web-based survey

66.8 percent



2010-05-20 PI requested minor revisions to the study title and PI listing.

2010-05-04 ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Performed consistency checks.
  • Created variable labels and/or value labels.
  • Standardized missing values.
  • Created online analysis version with question text.
  • Checked for undocumented or out-of-range codes.

Weighting is described in the study documentation.


  • The public-use data files in this collection are available for access by the general public. Access does not require affiliation with an ICPSR member institution.

  • The citation of this study may have changed due to the new version control system that has been implemented.
DSDR logo

This study was originally processed, archived, and disseminated by Data Sharing for Demographic Research (DSDR), a project funded by the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD).