Studies from University of Rhode Island Add New Findings in the Area of Disability Policy (Disability Type, Financial Capability, and Risky Asset Holding)

2021 FEB 22 (NewsRx) -- By a News Reporter-Staff News Editor at Politics, Law & Government Daily -- Fresh data on Disability Research - Disability Policy are presented in a new report. According to news reporting originating from Kingston, Rhode Island, by NewsRx correspondents, research stated, “Risky financial asset holding is considered an indicator of financial well-being because risky asset holders are likely to accumulate more wealth than nonholders. Like the general population in the United States, many people with disabilities need long-term financial planning services.”

Our news editors obtained a quote from the research from the University of Rhode Island, “The purpose of this study was to examine whether disability type and financial capability are associated with risky asset holding of adults with disabilities. Using data from the 2015 National Financial Capability Study, we found that adults with different types of disabilities have different chances of holding risky assets. After controlling for financial capability, income, and other variables in the logistical model, people who are deaf or have difficulties running errands are more likely, while people with a work disability are less likely, than the mentally disabled to hold risky financial assets. In addition, two financial capability variables, objective financial knowledge, and desirable financial behavior, are positively associated with risky asset holding after controlling for other factors.”

According to the news editors, the research concluded: “Several disabilities, financial capability, and other factors showed differences in risky asset holding when lower-income and higher-income subsamples were examined.”

This research has been peer-reviewed.

For more information on this research see: Disability Type, Financial Capability, and Risky Asset Holding. Journal of Disability Policy Studies, 2020. Journal of Disability Policy Studies can be contacted at: SAGE Publications, 2455 Teller Rd, Thousand Oaks, CA 91320, USA. (Sage Publications - http://www.sagepub.com/; Journal of Disability Policy Studies - dps.sagepub.com)

The news editors report that additional information may be obtained by contacting Jing Jian Xiao, University of Rhode Island, Kingston, RI 02881, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1177/1044207320981781. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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