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How Personality Traits Influence Saving Behaviors: Regulatory Focus Theory

How Personality Traits Influence Saving Behaviors: Regulatory Focus Theory

http://www.thisiscolossal.com/2011/04/new-currency-origami-from-won-park/Encouraging savings is a start, but you should also understand why your members are saving. Sometimes people save against a rainy day (prevention), and sometimes they save so they can vacation in Florida and avoid rainy days (promotion). Those of us who analyze often convoluted consumer behavior know there is a strong link between psychological factors (such as values and beliefs) and saving goals. In this latest research published in the International Journal of Consumer Studies, I studied the efficacy of Regulatory Focus Theory to understand how prevention- vs. promotion-oriented personality traits influence financial decision-making.

Brain Food from big.bright.minds 2014

Brain Food from big.bright.minds 2014

Dial up the heat. Tucson was even hotter than usual last week as credit unions from across North America landed at Filene's annual big.bright.minds. 

You can tell the groups apart easily: i3 innovators huddled in corners, obsessing over slides that would show -- in 10 minutes or less -- the results of six months of hard work; research council CEOs wore jeans (jeans!) because their board chairs weren't there; and Crashers from the young professional roamed in packs and made everybody else feel old. They all came for brain food, and they got it. Even if you couldn't come, dive into the slides below. And make your plans now to join Filene for next year's big. brigh. minds. in Cambridge, Massachusetts.

Edward A. Filene and Economics

Edward A. Filene and Economics

Edward A. Filene once said, "Why shouldn’t the American people take half my money from me? I took all of it from them." 

The Next Generation and Edward A. Filene

The Next Generation and Edward A. Filene

Edward A. Filene once said, "There is always a little injustice, a little lack of sympathetic understanding, in the criticism one generation passes upon the practices of its predecessor." 

Sustainable Thinking and Edward A. Filene

Sustainable Thinking and Edward A. Filene

In Edward A. Filene's 1926 book The Way Out he states, "I have always dealt with matters of social justice, cooperation, general welfare, not on the basis of philanthropy or paternalism, but as essential factors in the development of successful business". 

Deep Thoughts by Edward A. Filene

Deep Thoughts by Edward A. Filene

In 1924 Mr. Filene said, "The moment a business ceases to be an experimenter and comes to regard itself as an expert, it may be sure that dry rot has set in." 

California & Nevada Credit Union Leagues Launch Innovation Group

We’ve been busy helping credit unions, CUSOs, and state leagues take innovation from a buzzword to a strategic imperative with a whole suite of innovation programs. The California & Nevada Credit Union Leagues are the latest organizations to build an internal innovation group with us. The 2015 REACH Innovation Group...

Research, Innovate, and Create Impact with Filene.org

At Filene Research Institute, we believe that new ideas are crucial for investing in the future of consumer finance. We recently spruced up filene.org to help you better access the thinking and tools needed to drive change for credit unions and all financial consumers.

Baby Boomers: The Forgotten Generation?

About 20% of American adults aged 55 and over are open to or searching for a new financial advisor in the next 12 months for retirement planning. And 10.5% report that they are actively looking for a financial advisor to discuss retirement planning based on Filene survey data of pre-retirees.