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Powercat Financial


Powercat Financial strives to be a leader in clinical research by collecting pre-, post-, and follow-up data from clients. Some of the key findings of the research include the following:

  • Who seeks free financial counseling?

Powercat Financial clients tend to be older, less satisfied with their income, less knowledgeable about finances, less wealthy, and more stressed than students who have not sought counseling.

See Student Financial Counseling: An Analysis of a Clinical and Non-Clinical Sample for full study.

  • What factors are associated with increased financial stress?

Freshmen experience higher financial stress levels compared to other students. 

Students who feel that factors outside of their control influence outcomes in their life report higher financial stress.

Students with lower perceived net worth report higher financial stress.

Students with student loan debt of $12,000 to $30,000 experience higher financial stress than students with lower or higher debt levels.

See Financial Stress and Financial Counseling: Helping College Students for full study.

  • Does financial counseling work?

Two months after their initial meeting, students who seek counseling from Powercat Financial feel more knowledgeable about personal finances, have increased investment knowledge and have higher financial satisfaction and lower financial anxiety and stress.

See Financial Stress and Financial Counseling: Helping College Students for full study.

  • How are psychological characteristics and money management behaviors related?

Students with higher anxiety are associated with behaviors such as spending more money than they earn, having difficulty paying bills, and maxing out their credit cards.

See The Correlation between Anxiety and Money Management for full study.

To request additional information about the research projects above, please contact Dr. Sonya Lutter, Associate Professor of Personal Financial Planning in the School of Family Studies and Human Services, at lutter@k-state.edu or 785-532-3541.