Just So You Know

Jan 19, 2024


Congratulations to all of the summer/Fall 2023 doctoral students who graduated in the December 2023 commencement: Drs. Adriana Garcia (Chair: Dr. Babiarz), Danah Jeong (Chair: Dr. Palmer), Malika Dhakhwa (Chair: Dr. Babiarz), Marty Cotwright (Chair: Dr. Chatterjee), Pan-ju Chen (Chair: Dr. Warmath), Yu Zhang (Co-chairs: Drs. Fan, Chatterjee), Yingyi (Tracy) Liu (Chair: Dr. Chatterjee). 

Congratulations to the AFCPE® Quiz bowl team comprising of Bennett Colbert, Cole Lefont, Zane Rosenbaum, and Josh Brumbach (Mentor Faculty: Dr. Michael Thomas) on placing second in the 2023 AFCPE® Quiz bowl

Congratulations to Financial Planning graduate Fardosa Hassan on being selected as one of UGA’s three recipients of the Thomas R. Pickering Foreign Affairs Graduate Fellowship.  

Congratulations to social entrepreneurship student Elizabeth Finley (Mentor: Dr. Dee Warmath) for their presentation in the Sustainable UGA Semester in Review event. Elizabeth spoke about the incredible program she developed called "Greek Goes Green". 

Congratulations to HMP major and UGA Volleyball player Sophie Fischer on being recognized as the 2023 SEC Player of the Year

Congratulations to Dr. Travis Mountain on receiving the SBDC grant as a Co-PI. 

Dr. John Grable on receiving the 2023 Financial Therapy Association Hall of Fame Honors Award

Congratulations to Drs. Megan Ford, Kristy Archuleta, Joseph Goetz, and Jerry Gale (HDFS) on winning Outstanding Conference Paper Award at the 2023 Financial Therapy Association conference

Dr. Kristy Archuleta also won the Outstanding Instructor Award, and FHCE alumnus Dr. Wookjae Heo won the Outstanding Researcher Award at the 2023 Financial Therapy Association conference

Dr. Brenda Cude and her co-author were recognized at the 2023 National Association of Insurance Commissioners (NAIC) Conference in Orlando for their published research entitled “The impact of state surprise medical billing protections on consumers with employer-sponsored health insurance” that was published in the Journal of Insurance Regulation

Dr. Lu Fan was selected to the 2024 cohort of the UGA Rural Engagement Workshop for Academic Faculty. 

Prof. Sherle Brown received the 2024 FACS Creswell Award! Creswell Award is named after the first dean of our college, this award recognizes a current or retired faculty or staff member who has provided leadership in motivating and guiding students. 

Several recent graduates informed us of successfully passing their CFP® exam this past this November. The list included: Amy (Ya-ting) Yang, Andy Li, Anna Schermerhorn, Anthony Rodriguez, Caleb Ray, Daniel Mosseri, Garrett Herold, Hannah Reed, Layla Greenwood, Paige, Kim, Sloane Fox, and Sydney Veilleux. MSNT-FP/MAcc students Chaht Kumar and Robert Burgess passed their CPA exams. 

FHCE faculty Dr. Effie Antonoudi successfully defended her dissertation and graduated with her PhD in Personal Financial Planning from Kansas State University in Fall 2023.

 Other news…  


Dr. Jermaine Durham successfully organized the 2023 GICH Fall Retreat at the Georgia Center, along with Dr. Kim Skobba and other members of the GICH team. The Fall retreat had record attendance, and was a tremendous success. 

In Oct 2023, Dr. Peng was invited to deliver a lecture titled "Searching for interpretability: Leveraging GPT-4 to evaluate Covid-19 data visualization in media coverage" in the MARC symposium on computer vision and visual communication at the University of Wisconsin-Madison. 

In Nov 2023, Dr. Peng was invited to deliver a lecture titled "Battlegrounds or Playgrounds? How Media Actors Leverage Content Strategies for Audience Engagement" in the computational social science speaker series at the University of Texas-Austin. 

Drs. Grable, Carlson, and Sages were invited by the CFP Board to serve as speakers and panelists at the CFP Board Registered Programs conference. And Dr. Watkins was invited to attend the CFP Board Diversity summit. 

Dr. Kimberly Watkins has become an affiliate faculty member in the Institute of Women's Studies at UGA in the Franklin College of Arts and Sciences.  

Alumna Katie Seay was promoted to President at her firm The Trust Co. in Manhattan, KS. And alumni Stephen Gunter and David Ward were promoted to Partners at Bridgeworth Savant Wealth Management in Birmingham Alabama. 


Cude, B., Groshong, L., Burns, B., & Weber, R.M. (2023). LTCI rate increases and reduced benefit options: Insights from interviews with financial planners. Journal of Financial Planning

Long-term care insurance is one strategy to manage financial uncertainties. Yet this product has itself become a financial risk for policyholders who have experienced rate increases and uncertainty about possible future rate increases. The intent of this article is to help financial professionals better understand why long-term care insurance rate increases are occurring and their clients’ options when faced with a rate increase. The focus is on traditional stand-alone long-term care insurance policies. This article reports the results of interviews with 14 financial planners. All had experience advising clients who had received long-term care insurance rate increase notices. The research was initiated and funded by the National Association of Insurance Commissioners’ (NAIC) Center for Insurance Policy and Research

Fan, L., & Lei, S. (2023). Financial well-being, family financial support and depression of older adults in China. International Journal of Bank Marketing,41(6), pp. 1261-1281. https://doi.org/10.1108/IJBM-05-2022-0214

The findings indicate that both objective and subjective financial well-being matters in relation to depression symptoms and, therefore, to the overall mental health of the Chinese elderly. Developments in public policies are needed to promote accessible financial services, assistance programs, mental health services and facilities for the older population in China. 

Fan, L., Green, L. E., & Park, N. (2023). Financial stressors and alternative financial service use: Extending the ABC‐X model of family stress. International Journal of Consumer Studies. https://doi.org/10.1111/ijcs.13002 

This study's purpose was to examine factors associated with alternative financial service (AFS) use among US consumers. The conceptual framework for this study was developed from the ABC-X model of family stress with the purpose of identifying the interrelationships among financial stressors, economic hardship, negative credit experiences, and the use of AFS. Using the U.S. National Financial Well-Being Survey and the structural equation modeling method, the results showed that financial stressor was not directly related to AFS use but were through two indirect routes: the financial stressor was positively linked to negative credit experience and then to AFS use; the financial stressor was positively linked to economic hardship, to negative credit experience, and then to AFS use. Economic hardship was positively associated with consumers' negative credit experiences. Negative credit experience was positively associated with the use of alternative financial services. The findings provide theoretical and practical implications. 

Johnson, P. L., McCoy, M., Watkins, K., & White, K. J. (2023). Encouraging Money Conversations Among Black, Hispanic, and White Households: Lessons for FCS Professionals. Journal of Family & Consumer Sciences, 115(4), 30-35. 

As a follow-up to White et al.’s (2021) “We Don’t Talk About That”: Exploring Money Conversations of Black, Hispanic, and White Households, this article examines social capital and financial conversations among racial and ethnic groups. Although most people avoid discussing money, Blacks and Hispanics have the fewest financial conversations. When they do have money talks, Black and Hispanic individuals are more likely to have conversations with friends rather than with partners, family, or professionals. This article uses research to recommend techniques that family and consumer sciences (FCS) practitioners and educators can use to help families cope with the discomfort that may arise and increase their money conversations. 

Kim, S. D., & Carswell, A. T. (2023). A theoretical development of agent specificity. Housing and Society, 1-13. https://doi.org/10.1080/08882746.2023.2289777 

This study is a short research note that sets the theoretical foundation of an agent’s contribution to a real estate sale transaction. We argue that an agent’s contribution with specialized knowledge or information over a transaction makes an agent irreplaceable. We term this unique contribution agent specificity based on the transaction cost theory, where the production is delegated to an outsider with specialized skills or knowledge. For the modeling part, we base our theoretical model on the fundamental matching model in search theory. Our agent can be a listing or buyer’s agent, and we proxy agent specificity by the level of effort an agent invests in a transaction. We find that an agent will increase her effort by an increase in the property’s sale price, and this effort would increase during boom periods. However, an agent would contribute less to the transaction during bust periods

Kruger, M., & Grable, J. E. (2023). A test of the spender‐saver perception scale. Financial Planning Review, e1170. https://doi.org/10.1002/cfp2.1170 

The purpose of this paper is to present insights into the development, testing, and use of the Spender-Saver Perception Scale—a scale that measures a person's perception of their romantic partner's financial behavior on a continuum from spender to saver. This paper offers support for a tool—the spender-saver perception scale—for use in research and practice. The scale is particularly useful in providing context for reports of lower financial satisfaction when objective measures of financial well-being do not correspond to what someone might be experiencing

McCoy, M., Watkins, K.; White, K., Kahler, R., & Reiter, M. (2023). The importance of being a “client” for financial planning students: A thematic analysis of financial planning students’ experiences meeting with a planner. Journal of Financial Counseling and Planning. DOI: 10.1891/JFCP-2022-0077 

This article examined financial planning courses, which encourage students to meet with a financial planner and write about their experience. The findings included: (a) insights into what it would be like to be a financial planner, (b) decreased anxiety after seeing the planner, (c) better empathy regarding the client’s experience, (d) increased respect for the interpersonal skills required to do financial planning, and (e) receiving personal and professional benefits to seeing a financial planner. Implications for both Certified Financial Planner Board Registered Programs and existing financial planners are provided based on these results

McCoy, M. A., Molchan, S., Archuleta, K. L., & Ponciano, I. (2023). You Are Your Best intervention: Utilizing Person-of-the-Therapist Training in Financial Therapy. Journal of Financial Therapy, 14(2), 3. 

The field of financial therapy recognizes the importance of the therapist's self in facilitating effective client outcomes. Self-exploration involves a comprehensive exploration of the therapist's relationship with money, allowing them to leverage their experiences, financial flashpoints, and money scripts ethically and effectively. By engaging in self-exploration, financial therapists become role models for their clients, inspiring them to embark on their personal growth journeys. However, therapists must exercise caution to avoid projecting their beliefs onto clients. This paper explores how one specific program on the self-of-the-therapist exploration, the person-of-the-therapist model (POTT; Aponte, 1982), can be applied to financial therapy self-work. This approach to self-exploration highlights the significance of self-knowledge, awareness, and management in facilitating effective financial therapy. It emphasizes discovering one’s signature theme (patterns, thoughts, or emotions that create challenges in functioning) and their role in shaping therapists' client interactions. Additionally, the use of one’s own and their client’s genogram can facilitate insights. This article introduces a hypothetical case illustration to demonstrate POTT’s application to financial therapy. By embracing the POTT framework, financial therapists can enhance their self-awareness, manage their personal experiences, and optimize their therapeutic effectiveness, thus contributing to clients' financial well-being and personal growth potential. 

Mukerjee, S., Yang, T., & Peng, Y. (2023). Metrics in action: how social media metrics shape news production on Facebook. Journal of Communication, 73(3), 260-272. https://doi.org/10.1093/joc/jqad012 

Social media metrics allow media outlets to get a granular, real-time understanding of audience preferences, and may therefore be used to decide what content to prioritize in the future. We test this mechanism in the context of Facebook, by using topic modeling and longitudinal data analysis on a large dataset comprising all posts published by major media outlets used by American citizens (⁠N ≈ 2.23M⁠, 2015–2019). We find that while the overall effect of audience engagement on future news coverage is significant, there is substantial heterogeneity in how individual outlets respond to different kinds of topics. A handful of right-wing media outlets are more likely to respond to audience engagement metrics than other outlets, but with partisan politics topics and not with entertainment-oriented content. Our research sheds new light on how social media platforms have shaped journalistic practices and has implications for the future health of journalism in the United States. 

Peng, Y., Yang, T., and Fang, K.. (2023). The dark side of entertainment? How viral entertaining media build an attention base for the far-right politics of The Epoch Times. New Media & Society. https://journals.sagepub.com/doi/10.1177/14614448231205893 

Abstract. To amplify their audience reach, far-right outlets need a calculated and coordinated array of acts to set the stage for audience attention and to build a communication network that spreads their messages. We examined the Facebook newsfeed history of The Epoch Times (N = 117,274 posts from 2013 to 2020), which transitioned from a niche anti-China publication to an influential player in US far-right politics. We found that US partisan issues helped the outlet attract immediate audience engagement, but such content did not invite audience growth and engagement with future content. In contrast, viral entertaining videos, while seemingly benign and mundane, demonstrated superb effects in getting audience responses, accumulating followers, and boosting engagement with subsequent posts. We argue that entertainment media is a crucial component of the extreme politics landscape that directs the flows of political attention, which could exert a “ripple effect” on assembling audience networks

Peng, Y., Wen, T. J., & Yang, J. (2023). A Computer Vision Methodology to Predict Brand Personality from Image Features. Journal of Advertising, 1-13. https://doi.org/10.1080/00913367.2023.2250842 

Using the computer vision method, this study proposes an analytical model of visual aesthetics for brand communication and analyzes the effects of visual features (i.e., colors and visual complexity) on brand personality. This study illustrates a four-step procedure correlating computationally coded visual attributes with human ratings of perceived brand personality. This study has important methodological implications for advertising researchers and practitioners

Peng, Y., Lock, I., & Ali Salah, A. (2023). Automated visual analysis for the study of social media effects: Opportunities, approaches, and challenges. Communication Methods and Measures, 1-23. https://www.tandfonline.com/doi/abs/10.1080/19312458.2023.2277956 

To advance our understanding of social media effects, it is crucial to incorporate the increasingly prevalent visual media into our investigation. In this article, we discuss the theoretical opportunities of automated visual analysis for the study of social media effects and present an overview of existing computational methods that can facilitate this. Specifically, we highlight the gap between the outputs of existing computer vision tools and the theoretical concepts relevant to media effects research. We propose multiple approaches to bridging this gap in automated visual analysis, such as justifying the theoretical significance of specific visual features in existing tools, developing supervised learning models to measure a visual attribute of interest, and applying unsupervised learning to discover meaningful visual themes and categories. We conclude with a discussion about future directions for automated visual analysis in computational communication research, such as the development of benchmark datasets designed to reflect more theoretically meaningful concepts and the incorporation of large language models and multimodal channels to extract insights. 

Qi, J., Chatterjee, S., Worthy, S., Herndon, K., & Wojdynski, B. (2024). Using an extended post-acceptance framework to examine consumer adoption of fintech. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-10-2022-0448

The study introduces a revised EPAM framework with antecedent factors, fintech proficiency and risk tolerance to investigate the factors associated with consumer adoption of fintech-based products and services. The key findings of this study validate the EPAM in the American context. Additionally, this research is among the first to have confirmed the direct relationship between perceived security and fintech adoption. The results have practical implications for existing fintech companies, banks and financial institutions, policymakers and financial advisory practices considering adopting fintech-based services for their clients. 

Reiter, M., Qing, D., Watkins, K., & White, K. J. (2023). Race/Ethnicity and Financial Advice Seeking: An Examination of Three Datasets. Journal of Personal Finance, 22(2). https://www.iarfc.org/publications/journal-of-personal-finance/current-issue-of-the-journal 

The US population is becoming more diverse, and more Americans are seeking professional financial advice. Various datasets contain questions about consumers' financial advice seeking behaviors, but the measures are not the same across the board. The purpose of this study is to identify determinants associated with seeking financial advice in multiple datasets using a diverse sample. This study uses the 2019 Survey of Consumer Finances, the 2018 National Financial Capability Study Investor Survey 2018, and the 2012 National Financial Capability Study State-by State Survey. In all three datasets, Black consumers seeking financial advice were less likely to be married, had lower average objective financial knowledge scores, were less likely to have access to emergency funds, and had lower homeownership rates than their White counterparts. Hispanic respondents had lower average objective and subjective financial knowledge scores, were more likely to be employed, and had less access to emergency funds when compared to White respondents. All non-White consumers seeking financial advice were less likely than their White counterparts to be sixty-five and older, but in most instances, reported higher risk tolerance levels. Asian/other respondents exhibited the fewest differences when compared to their White counterparts. Implications for financial professionals and researchers are discussed

Totenhagen, C. J., Li, X., Wilmarth, M. J., Archuleta, K. L., & Yorgason, J. B. (2023). Do couples who play together stay together? A longitudinal dyadic examination of shared leisure, financial distress, and relationship outcomes. Family Process. https://doi.org/10.1111/famp.12869 

We examined whether shared leisure offers protection against negative associations between financial distress and relationship quality (satisfaction and commitment) for lower- and higher-income couples. We expected husbands' and wives' reports of shared leisure would be protective of the effects of financial distress (Time 2) on relationship satisfaction (Time 3) and commitment (Time 4) for higher-income couples (but not lower-income couples). Participants were drawn from a nationally representative, longitudinal study of US newly married couples. The analytic sample included both members of 1382 different-gender couples with data across the three sampled waves of data collection. Shared leisure was largely protective of the effects of financial distress on husbands' commitment for higher-income couples. For lower-income couples, higher shared leisure exacerbated this effect. These effects were only found at extreme levels of household income and shared leisure. When considering if couples who play together stay together, our findings suggest that it can, but it is critical to understand the financial situation of the couple and the resources they may have to support shared leisure activities. Professionals working with couples should consider their financial situation when making recommendation to engage in shared leisure, such as going out for recreation. 

Zhang, Y., & Fan, L. (2023). An examination of mobile fintech utilization from a stress-coping perspective. Journal of Financial Counseling and Planning. 4(3): 354-366, DOI :10.1891/JFCP-2022-0061. 

This study examines associations between a set of financial stress factors and three types of utilizations of mobile financial technology (fintech) from a stress-coping perspective. With data from the 2018 National Financial Capability Study, the results indicated that financial stress, perceived overindebtedness, and stressful financial stressors were positively related to the usage of mobile fintech for fundamental financial task management, mobile transaction, and mobile banking. Policy makers need to be aware of the opportunities generated within the growing fintech industry and its potential role as a stress-coping resource for consumers experiencing financial stress, perceived overindebtedness, and financial stressor events. Financial practitioners, educators, and institutions can apply the findings of this study as they develop and promote financial services and products through mobile devices to create greater access for individuals to cope with financial stress and difficulties. 

If you have any news items or current research you would like included in Just So You Know…. please email Swarn Chatterjee. Just So You Know…. is now available at https://www.fcs.uga.edu/fhce/just-so-you-know

For more program updates, follow me on Linked In.  

Sep 21, 2023

September 2023 Just So You Know… 


Dr. Joan Koonce has announced her retirement and will be retiring at the end of this semester after a tremendous and amazingly successful and trailblazing 35 years of service for the Department of Financial Planning, Housing and Consumer Economics and the College of Family and Consumer Science and the University of Georgie Co-operative extension.

Dr. Kimberly Watkins for being invited to serve on the editorial boards of the Financial Planning Review, Financial Services Review, and the Journal of Family and Economic Issues. 

Drs. Lance Palmer and Joan Koonce, Wil Golden, and the UGA Coop Extension team working on VITA for receiving the 2023 SPEC Partnership Certificate of Recognition as the “Champion of Training” by the Internal Revenue Service (IRS). 

Other news…  

 Dr. Kimberly Watkins and the UGA Financial Planning Academy program were featured in an article by our college. Cal Powell wrote an excellent article on this entitled “Money Matters: Financial Planning Academy Teaches Campers Life Skills”. 


Several of our current and former graduate students Ben Hampton, Yu (Yulia) Zhang, Kiana Drummond, Jennifer Short, Levi Sheffield, Jonah Duyvelaar, Grayson Gorman, and Naomi Hill served as excellent mentors for the participants under Dr. Watkins’ leadership. Some of the important achievements of this event were: 

  • 46 registered participants attended the UGA Schwab FPA Academy July 9-14th, 2023. 
  • Three $1,000 scholarships were awarded to students who planned to attend the UGA financial planning program (if accepted) in the near future. 

FHCE faculty mentees Drs. Daehwan Ahn, Travis Mountain, and Jim Pasztor attended the FACS Mentorship kick-off meeting held on Sep 6th, 2023. 


Choung, Y., Chatterjee, S., & Pak, T.Y. (2023). Digital financial literacy and financial well-being. Finance Research Letters. https://doi.org/10.1016/j.frl.2023.104438 

Digital financial literacy is an emerging concept that emphasizes necessary knowledge and skills to carry out financial transactions on digital platforms. In this study, we aim to examine the link between digital financial literacy and financial well-being among Korean adults. Using online survey data, this study shows that digital financial literacy is associated with financial well-being, and this association is largely due to financial knowledge and the ability to protect against digital fraud. Digital financial literacy carried larger marginal effects on financial well-being compared to financial knowledge, and demonstrated significant effects across sociodemographic groups. Implications for financial education were discussed. 

Grable, J., Kwak, E. J., & Archuleta, K. (2023). Distrust of banks among the unbanked and banked. International Journal of Bank Marketing.https://www.emerald.com/insight/0265-2323.htm 

The purpose of this study was to explore the concept of distrust of traditional banking institutions as a factor that can explain the choice to remain unbanked in a marketplace that is designed to be financially inclusive. Results from the analyses show that distrust of banks is multi-layered where being older, believing the country is heading in the wrong direction and being less confident in one’s ability to obtain a personal loan in the amount of $1 to $999 are important factors related to distrust of banks among the unbanked. This study shows how an ensemble machine learning technique based on a decision-tree methodology can be used to obtain unique insights into complicated data and large datasets within the bank marketing field. The paper provides a discussion about ways domains of trust and specific variables can be utilized to address the persistent problem of financial exclusion in the United States. Implications for bankers, researchers, educators and policymakers are provided

LeBaron‐Black, A. B., Saxey, M. T., Totenhagen, C. J., Wheeler, B. E., Archuleta, K. L., Yorgason, J. B., & James, S. (2022). Financial communication as a mediator between financial values and marital outcomes. Family Relations.  https://doi.org/10.1111/fare.12786 

Although many studies have found links between finances and marital satisfaction, marital stability has been understudied. Additionally, many studies have examined the impact of couple financial behaviors on marital outcomes but have failed to account for the role of financial values in shaping those behaviors. Couple and finances theory motivated the study and guided our hypotheses. Partners who perceived similar financial values are better able to communicate with their spouse about money, which in turn predicts marital satisfaction and stability. We found both actor and partner associations and evidence of both full and partial mediation. Our results support previous research demonstrating the importance of shared financial values in understanding relationship outcomes. Additionally, financial communication is a mechanism linking these constructs. Our findings may inform interventions for increasing marital satisfaction and stability and for improving couple financial communication

Park, H., Ahn, D., & Lee, J. (2023, April). Towards a Metaverse Workspace: Opportunities, Challenges, and Design Implications. In Proceedings of the 2023 CHI Conference on Human Factors in Computing Systems (pp. 1-20). https://doi.org/10.1145/3544548.3581306 

Both enterprises and their employees have globally experienced remote work at an unprecedented scale since the outbreak of COVID-19. As the pandemic becomes less of a threat, some companies have called their employees back to a physical office, citing issues related to working remotely, but many employees have refused to return. Thus, working in the metaverse has gained much attention as an alternative that could complement the weaknesses of completely remote work or even offline work. However, we do not know yet what benefits and drawbacks the metaverse has as a legitimate workspace, because there are few real cases of 1) working in the metaverse and 2) working remotely at such an unprecedented scale. Thus, this paper aims to identify real challenges and opportunities the metaverse workspace presents when compared to remote work by conducting semi-structured interviews and participatory workshops with various employees and company stakeholders (e.g., HR managers and CEOs) who have experienced at least two of three work types: working in a physical office, remotely, or in the metaverse. Consequently, we identified 1) advantages and disadvantages of remote work and 2) opportunities and challenges of the metaverse. We further discuss design implications that may overcome the identified challenges of working in the metaverse. 

Sorgente, A., Lanz, M., Tagliabue, S., Wilmarth, M. J., Archuleta, K. L., Yorgason, J., & James, S. (2023). Yours, mine, or ours: Does bank account status in early marriage affect financial behavior and financial satisfaction? Journal of Social and Personal Relationships. https://doi.org/10.1177/02654075231201554 

The relationship between an individual’s financial behavior and financial satisfaction is well known. Less evidence is available about how these two constructs interplay within couples. This considered, the current paper aims to (a) examine whether individuals’ financial satisfaction is influenced by their own financial behavior (actor effect) and their partner’s financial behavior (partner effect); (b) examine whether these two effects vary between husbands and wives; and (c) verify how couples’ bank account status (i.e., only joint bank accounts, only separate bank accounts, both joint and separate bank accounts) moderate these effects. The current study draws 1,475 heterosexual early married couples from Couple Relationships and Transition Experiences study and modeled dyadic data through an Actor Partner Interdependence Model. Results indicate that actor’s financial behavior is associated only with one’s own financial satisfaction (actor effect) and not one’s partner’s financial satisfaction (partner effect). This holds for both wives and husbands. Furthermore, individuals who hold only joint bank account(s) are more likely to have financial behaviors similar to their partner than individuals who hold only separate bank accounts or both joint and separate accounts. Couples who hold only separate accounts are more likely to engage in less positive financial behavior than their counterparts. Implications for relationship therapists and financial professionals are discussed

Aug 23, 2023

August 2023 Just So You Know… 


Dr. Roger Swagler, former Department head of FHCE, passed away on August 8th, 2023. Dr. Swagler retired from UGA in 2005. Dr. Swagler, along with professors Drs. Anne Sweaney and Carol B. Meeks, collaborated on establishing the Housing and Demographics Research Center in 1996 and then added a Board of Advisors in 2004. He is survived by Dr. Julia Marlowe and his family. Dr. Marlowe is also a former faculty of the department. Upon retirement, Dr. Swagler continued to serve on the board of the Ark for many years and supported the work of the Athens Area Community Council. He also served on the Vestry at St. Gregory the Great Episcopal Church. 


Effie Antonoudi, Assistant Professor and Undergraduate Coordinator, FHCE. 

Dr. Travis Mountain, Assistant Professor of Extension in Financial Planning. 

Jim Pasztor, Lecturer in Financial Planning and Consumer Economics 

Caitlin Vinson, Student Affairs and Marketing, FHCE 


Recent FHCE doctoral Spring/Summer graduates who successfully defended their dissertation: 

Dr. Eunjin Kwak (Major professor Dr. John Grable)— Spring 2023 graduate; Assistant Professor, University of Wisconsin-Green Bay 

Dr. Michael Gawrys (Major Professor Dr. Kim Skobba)—Spring 2023 graduate; Visiting Assistant Professor, Virginia Tech 

Dr. Malika Dakhwa (Major Professor: Dr. Patryk Babiarz)—Summer 2023 graduate 

Dr. Marty Cotwright (Major Professor: Dr. Swarn Chatterjee)—Summer 2023 graduate 

Dr. Pan-ju Chen (Major Professor: Dr. Dee Warmath)—Summer 2023 graduate; Assistant Professor, University of Alabama 

Dr. Yu (Yulia) Zhang (Co-Major Professors: Drs. Lu Fan, Swarn Chatterjee)—Summer 2023 graduate; Assistant Professor, Kansas State University  

The research team comprising of FHCE doctoral students Jose-Francisco Diaz-Valenzuela, Marlena Holman, and Yu Zhang, and FHCE faculty Dr. Kim Skobba (co-author and mentor) received the best paper award from the Family and Consumer Sciences Research Journal for their paper entitled Local Leaders’ perception of housing access and segregation in their communities. The authors were recognized at the 2023 AAFCS conference in Baltimore, MD

Doctoral student Zongze (Victor) Li (Co-author Dr. Kristy Archuleta) received the 2023 ACCI Annual Conference Consumer Movement Archives Applied Consumer Economics Award for their paper entitled “Exploring Crypoto Currency Participation, Financial Knowledge, Financial Anxiety, and Financial Stress”. 

Dr. Yilang Peng was co-author on a student paper award winning study entitled "The Mobilizing Power of Visual Media Across Cycles of Social Movements" (With a student coauthor, Yingdan Lu at Stanford University) at the 2023 International Communication Association Conference, Toronto, CA. 

Dr. Dee Warmath has been promoted to Associate Professor with tenure. 

Dr. Dee Warmath was also selected into the Aspire Fellows program for 2023-2024. Her signature project will be examining the role of shared decision making between healthcare providers and patients in health-related decisions. 

Drs. Kristy Archuleta and Dee Warmath were appointed for two-year terms as FACS Leadership Fellows. She will continue to serve on the UGA Innovation District Leadership Team and the Communications Sub-committee of that team. 

Drs. Jermaine Durham and Kim Skobba received grant funding from the Center for Land Reform Inc. d/b/a Center for Community Progress to explore heirs property on local driven community revitatlization efforts for the center for community progress. 

Dr. Pamela Turner received Radon grant funding from the EPA

Dr. Pamela Turner also received a grant from the USDA-NIFA for strengthening cooperative extension capacity for emergency response. 

Drs. John Grable, Dee Warmath, and Swarn Chatterjee received grant funding from the Investor Protection Trust to examine the unintended role of “Regulation” in Reg D. 

Dr. Dee Warmath was awarded a seed grant from the UGA Rural Engagement Workshop to collect preliminary data in McDuffie County for a larger RWJF grant submission 1) to understand the relationship between the identity narrative and the engagement in health-promoting behaviors and 2) to involve the emerging adult in the development of interventions that encourage greater reflection on our narrative and, ultimately, more health-promoting behaviors. She will be working with Cooperative Extension and Archway Partnership on this project. 

Drs. Kimberly Watkins, Kristy Archuleta, and Swarn Chatterjee received funding from the CFP Board for the CFP Board Financial Planning Labor Study project.  

Dr. Lu Fan received the SEC Faculty Travel Program grant to collaborate with faculty at the University of Alabama. 

Dr. Kimberly Watkins led the week long Financial Planning Academy during July 2023. The event is funded by the Charles Schwab Foundation in collaboration with Texas Tech University. Here are some pictures of the event: 


Dr. John Grable has been invited to serve as the Editor for Financial Services Review 

Dr. Lu Fan was invited to serve as an Associate Editor for Financial Planning Review and was also invited to serve on the editorial board of Financial Services Review. 

Doctoral student Ben Hampton has been invited to serve as a consultant for the CFP Board. 

Dr. Lance Palmer was part of the leadership team that organized the 2023 VITA U Conference in Puerto Rico in collaboration with the Internal Revenue Service (IRS) and the University of Puerto Rico this summer. This was the first gathering of academics, practitioners, students, and representatives from local and state universities that provide a platform for discussion, debate, networking and collaboration on all aspects of tax-based service-learning programs affiliated with the IRS Volunteer Income Taxpayer Assistance program. 

Dr. Dee Warmath attended the Transformative Consumer Research (TCR) conference in London, England, as part of a Track 2 project examining the role of supportive accountability in women's success in health and fitness goals. This project is a partnership with faculty in the UGA School of Public Health, Suffolk University, and the University of Massachusetts as well as Jenny Newcomer, CEO/Owner of Commit30. 

Dr. Andy Carswell hosted a doctoral student from the University of Liverpool as part of the on-going University of Georgia and University of Liverpool collaboration. 

Dr. Yilang Peng co-organized a panel titled "Modeling Time: Computational Approaches for the Analysis of Longitudinal, Temporal, and Time-Dynamic Data (With Subhayan Mukerjee at National U of Singapore and Tian Yang at the Chinese U of Hong Kong) at the 2023 International Communications Association Conference, Toronto, CA. 

Several of our graduate students actively participated in presenting research at various conferences this year:  

  • Jordan Bell, Rebekah Carnes, Pan-Ju Chen, Camryn Cobb, Camden Cusumano, Jose-Francisco Diaz-Valenzuela, Malika Dhakhwa, Hannah Lee, Zongze (Victor) Li, Jia Qi, Mercy Oloo, Sarah O’Neal, Hofner Rusiana, and Yu (Yulia) Zhang presented their research at the 2023 ACCI Annual Conference in Las Vegas this May. 
  • Jordan Bell, Camryn Cobb, and Rebekah Carnes presented their research at the Boulder Summer Financial Decision-making Conference in Boulder, Colorado, this May. 
  • Hannah Lee and Camden Cusumano presented their research at the AMA Public Policy & Marketing conference in Washington, DC this June. 
  • Pan-Ju Chen presented research in collaboration with Rebekah Carnes at the Society for Emerging Adulthood conference in San Diego this June. 
  • Jordan Bell, Camden Cusumano, Camryn Cobb, Rebekah Carnes, and Dee Warmath presented their research in the Transformative Service Research track at the Frontiers in Service conference in Maastricht, Netherlands this June.  

Other news…  


Dr. Kristy Archuleta was interviewed to opine on rural and farm stress, and mental health by RFD TV. Here is a link to this fantastic interview: https://www.rfdtv.com/georgia-doctor-everyone-is-experiencing-these-types-of-symptoms-from-time-to-time

FHCE alumna Dr. Megan Ford was quoted in the Wall Street Journal article “Your Marriage Needs a CFO and a COO”. https://www.wsj.com/personal-finance/money-family-finances-management-goals-dc6dcae6 


Fan, L., & Lei, S. (2023). Financial well-being, family financial support and depression of older adults in China. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-05-2022-0214 

The results from the three models showed consistent relationships: the expenditure-to-income ratio was a positive contributor, while the financial assets ratio was a negative contributor to depression of older adults in China. The robustness check using binary-coded financial ratio thresholds showed that reaching the suggested thresholds was negatively associated with depression. Perceived money management difficulty contributed positively to depression. The robustness check using the fixed effects model showed no significance of the two ratios, while perceived money management difficulty was positively associated with depression. The insignificance might be due to data limitation (limited waves or rare changes across waves). 

Gonlin, Vanessa & Cobb, Camryn (2023). Who is Your Fate Linked To? Racial Discrimination predicting Linked Fate among People with Mixed-Race Ancestry, Social Identitieshttps://doi.org/10.1080/13504630.2023.2249406 

The way people with mixed-race ancestry identify differs largely from person to person, but we can see patterns in the way they perceive themselves in relation to monoracial groups. People who know of numerous racial groups in their ancestry may feel connected to multiple racial groups; racial discrimination may be associated with which racial groups individuals feel connected with. Using The Mixed-Race Ancestry Survey (2019), we examine the connection between people's reports of personal and group-level discrimination and their feelings of linked fate (believing what happens to a certain racial group impacts them) with various racial groups. Findings reveal that as personally experiencing racial discrimination increases, linked fate with all racial minorities increases. Thus, discrimination is strongly associated not only with linked fate with one’s own racial minority group, but also the fate of other racialized minorities in the U.S. In addition, believing a racial group is discriminated against increases linked fate with said group in almost every case – including perceiving discrimination against Whites being associated with increased linked fate with Whites. Understanding the relationships between personal and group-level racial discrimination and linked fate strengthens our ability to predict and plan for the future. 

Zhang, Y., & Fan, L. (2023). An Examination of Mobile Fintech Utilization From a Stress-Coping Perspective. Journal of Financial Counseling and Planning. DOI: 10.1891/JFCP-2022-0061 

This study examines associations between a set of financial stress factors and three types of utilizations of mobile financial technology (fintech) from a stress-coping perspective. With data from the 2018 National Financial Capability Study, the results indicated that financial stress, perceived overindebtedness, and stressful financial stressors were positively related to the usage of mobile fintech for fundamental financial task management, mobile transaction, and mobile banking. Policy makers need to be aware of the opportunities generated within the growing fintech industry and its potential role as a stress-coping resource for consumers experiencing financial stress, perceived overindebtedness, and financial stressor events. Financial practitioners, educators, and institutions can apply the findings of this study as they develop and promote financial services and products through mobile devices to create greater access for individuals to cope with financial stress and difficulties

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