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Welcome to the Academy of Financial Service’s 2019 Annual Meeting being held in Minneapolis, Minnesota in conjunction with FPA’s Annual Conference 2019. This is the full agenda for AFS. For details on FPA items, visit their Full Schedule. Please report any errors to support@academyfinancial.org.
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Wednesday, October 16 • 4:45pm - 5:45pm
H3b The Financial Behavior of Leisure Vehicle Owners

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This study investigates the financial behavior of individuals that own campers, boats, motorcycles, snowmobiles, personal aircraft, and other powersports vehicles.  Because of the extraordinary expense associated with buying, maintaining, and operating these leisure vehicles, owners must be extremely diligent in planning in order to meet financial goals and exhibit good financial behaviors.  The study finds that leisure vehicle ownership is associated with increased financial knowledge.  However, leisure vehicle ownership is also associated with increased debt levels, including credit card debt.  While leisure vehicle owners know more about personal finance than their non-leisure vehicle owning counterparts, leisure vehicle owners display worse financial behaviors.  This information provides value to individuals, planners, and policy makers alike.

Author(s): Andrew Scott, Stuart Heckman

Presenters
AS

Andrew Scott

Assistant Professor, Saint Mary's University of Minnesota


Wednesday October 16, 2019 4:45pm - 5:45pm CDT
202 AB

Attendees (3)