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Financial Risk Tolerance, Sensation Seeking, and Locus of Control among Pre-Retiree Baby Boomers
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Rabbani, Abed G.; Yao, Zheying; Wang, Christina; Grable, John E. – Journal of Financial Counseling and Planning, 2021
Financial risk tolerance is an important personal characteristic that is widely used by financial professionals to guide the development and presentation of client-centered recommendations. As more baby boomers enter retirement, research on how these individuals perceive their willingness to take financial risks has gained importance, particularly…
Descriptors: Risk, Decision Making, Money Management, Financial Services