Hanna, S. D. & Lindamood, S.( 2008). The decrease in stock ownership by minority households. Journal of Financial Counseling and Planning, 19(2), 29-45.
Brief Description: Researchers have found that White households are more likely to own stocks that minority households. Although stock ownership rates increased for minority households from 1992 to 2001, they declined significantly between 2001 and 2004.
Implications: Credit counseling agencies should monitor the clients' intentions of completing their debt management plans and incorporate educational components that encourage and support those intentions. When designing or operating a debt managing program, it is important to be aware of clients’ satisfaction with, and expected ability to complete the plan. One aspect of that would be to make clear the benefits and positive consequences of following through on the debt management plan. Having positive intentions toward completion will strengthen a client’s ability to it.