• Corpus ID: 219176788

Changes in Household Net Financial Assets After the Great Recession: Did Financial Planners Make a Difference?

  title={Changes in Household Net Financial Assets After the Great Recession: Did Financial Planners Make a Difference?},
  author={Joseph W. Goetz and Lance Palmer and Lini Zhang and Swarn Chatterjee},
  journal={arXiv: General Finance},
This study utilized the 2007-2009 Survey of Consumer Finances (SCF) panel dataset to examine the impact of financial planner use on household net financial asset level during the Great recession. Data included 3,862 respondents who completed the SCF survey and a follow up interview. The results indicated that starting to use a financial planner during the Great Recession had a positive impact on preserving and increasing the value of households' net financial assets, while curtailing the use of… 

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