Table 6 FWB model summary by decade...

Table 6

FWB model summary by decade entered as a professional athlete

	Decade entered
	1970s	1980s	1990s	2000s	2010s
Number of respondents	6	8	11	19	5

Financial well-being	82	91	84	92*	91
Meeting commitments	92	95	87	98*	98
Feeling comfortable	78	87	83	87	88*
Financial resiliency	79	91	83	92*	89
Financial behavior factors	78	80	76	81*	78
Spending restraint	83*	76	72	77	69
Not borrowing for daily bills	69	89*	84	84	80
Active saving	91	90	86	94	100*
Informed product choice	93*	70	66	73	62
Informed decision-making	68	81	69	84*	75
Planning and budgeting	77	80	83	78	84*
Monitoring finances	66	70	73	77	78*

Psychological factors	68	73	68	76*	76*
Time orientation	74	80	66	82*	77
Impulsivity control	86	78	72	81	88*
Social status	32	32	47*	46	47*
Self-control	69	78	69	75	81*
Locus of control	77	89	81	88	93*
Attitudes to money	71	79	73	82*	72

Knowledge and experience factors	80	80	80	82*	78
Money management experience	98	100*	98	100*	100*
Financial product experience	72	79*	71	76	59
Financial product knowledge	67	65	77*	75	65
Understanding of risk	82	77	75	78	87*

Socioeconomic factors
Career length	11 years	12 years	12 years	7 years	4 years
Age	66	56	48	38	31
Income	$50-100k	> $250k	$100-250k	$100-250k	$100-250k
Income changes	Same	Same	Same	Same	Same
Debt levels	$250-500k	$500-750k	$500-750k	$250-500k	$250-500k
Expenditure changes	Same	Same	Same	Same	Same

	Decade entered
	1970s	1980s	1990s	2000s	2010s
Number of respondents	6	8	11	19	5

Financial well-being	82	91	84	92*	91
Meeting commitments	92	95	87	98*	98
Feeling comfortable	78	87	83	87	88*
Financial resiliency	79	91	83	92*	89
Financial behavior factors	78	80	76	81*	78
Spending restraint	83*	76	72	77	69
Not borrowing for daily bills	69	89*	84	84	80
Active saving	91	90	86	94	100*
Informed product choice	93*	70	66	73	62
Informed decision-making	68	81	69	84*	75
Planning and budgeting	77	80	83	78	84*
Monitoring finances	66	70	73	77	78*

Psychological factors	68	73	68	76*	76*
Time orientation	74	80	66	82*	77
Impulsivity control	86	78	72	81	88*
Social status	32	32	47*	46	47*
Self-control	69	78	69	75	81*
Locus of control	77	89	81	88	93*
Attitudes to money	71	79	73	82*	72

Knowledge and experience factors	80	80	80	82*	78
Money management experience	98	100*	98	100*	100*
Financial product experience	72	79*	71	76	59
Financial product knowledge	67	65	77*	75	65
Understanding of risk	82	77	75	78	87*

Socioeconomic factors
Career length	11 years	12 years	12 years	7 years	4 years
Age	66	56	48	38	31
Income	$50-100k	> $250k	$100-250k	$100-250k	$100-250k
Income changes	Same	Same	Same	Same	Same
Debt levels	$250-500k	$500-750k	$500-750k	$250-500k	$250-500k
Expenditure changes	Same	Same	Same	Same	Same

Note(s): One participant left the enter/exit year blank; therefore, total sample count in above chart is 49 *Indicates highest score within section and subcomponent

Source(s): Created by the authors

[ViewLarge]

Sharing Unavailable