Parental Financial Socialization: Is Too Much Help Leading to Debt Ignorance among College Students?

2019 ◽  
Vol 48 (2) ◽  
pp. 149-164 ◽  
Author(s):  
Jodi C. Letkiewicz ◽  
HanNa Lim ◽  
Stuart J. Heckman ◽  
Catherine P. Montalto
Keyword(s):  
College Students ◽  
Financial Socialization ◽  
Parental Financial Socialization

scholarly journals Financial Socialization of College Students: Domain-General and Domain-Specific Perspectives

2018 ◽  
Vol 40 (2) ◽  
pp. 226-236 ◽  
Author(s):  
Ji Hyun Kim ◽  
Julia Torquati
Keyword(s):  
College Students ◽  
Financial Socialization ◽  
Domain Specific

Financial Socialization of First-year College Students: The Roles of Parents, Work, and Education

2009 ◽  
Vol 39 (12) ◽  
pp. 1457-1470 ◽  
Author(s):  
Soyeon Shim ◽  
Bonnie L. Barber ◽  
Noel A. Card ◽  
Jing Jian Xiao ◽  
Joyce Serido
Keyword(s):  
College Students ◽  
First Year ◽  
Financial Socialization ◽  
First Year College ◽  
First Year College Students

Healthy Financial Behaviors and Financial Satisfaction in Emerging Adulthood: A Parental Socialization Perspective

2019 ◽  
Vol 8 (6) ◽  
pp. 548-554 ◽  
Author(s):  
Lavinia E. Damian ◽  
Oana Negru-Subtirica ◽  
Iulia M. Domocus ◽  
Mihaela Friedlmeier
Keyword(s):  
Emerging Adults ◽  
Cultural Context ◽  
Cross Sectional Study ◽  
Communist Country ◽  
Parental Socialization ◽  
Financial Satisfaction ◽  
Financial Socialization ◽  
Cross Sectional ◽  
Financial Behaviors ◽  
Parental Financial Socialization

To understand the relation between financial behaviors and satisfaction in emerging adults (EAs) and parental financial socialization, we conducted a cross-sectional study focusing on families from a collectivistic, former communist country, Romania, a cultural context marked by extreme financial dependence of youth on their parents. Participants were 143 parent–EAs child dyads from Romania (83% mothers, M age = 47.5 years and 80% girls, M age = 20.7 years). Results showed significant relations between parents’ and EAs’ view on parental financial socialization. EAs’ healthy financial behaviors were predicted by previous healthy financial behaviors in parents and previous parental financial monitoring of spending habits, only as reported by EAs. Moreover, EAs’ financial satisfaction was predicted by high socioeconomic status, previous healthy financial behaviors in parents, and current healthy financial relationship with parents, only as reported by EAs. We discuss the implications for supporting healthy financial behaviors and satisfaction in EAs.

Impact of Financial Attitude, Financial Literacy and Parental Financial Socialization on Prudent Financial Management Practices: A Moderating Effect of Financial Well-Being among the Youth of Pakistan

2021 ◽  
pp. 14-33
Author(s):  
Syed Hamza Farooq ◽  
Syed Zulfiqar Ali Shah ◽  
Shahid Rasheed
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Management Practices ◽  
Well Being ◽  
Moderating Effect ◽  
Financial Socialization ◽  
Market Place ◽  
Online Questionnaire ◽  
Parental Financial Socialization ◽  
The Right

This study intends to explore the effect of Financial Attitude, Financial Literacy, and ParentalFinancial Socialization on the prudent financial management practices, amid the youth of Pakistan with moderating effect of Financial Well-Being. The population consist over the youth of Pakistan for which the data was collected through an online questionnaire. The study adopted the quantitative approach for which the data from 450 respondents was collected. Subsequently, the data was analyzed with the help of Smart PLS. The results indicated that Parental Financial Socialization, Financial Attitude, and Financial Literacy have a significant and positive relationship with Prudent Financial Management Practices. However, Financial Well-Being does not have significant moderating effect with Parental Financial Socialization, Financial Literacy, and FinancialAttitude. The results further highlighted serious concerns of the effectiveness of Financial Well-Being towards improving youth capabilities in managing their financial affairs in the marketprudently. It shows that challenges faced by the youth in the country market to strengthen thefinancial well-being of an individual by guiding them thoroughly, enhance the effectiveness, andencompass the right elements pertains to financial well-being to ensure today's young Pakistaniability to apply that in the real market place and have full financial freedom Keywords: Financial Attitude, Parental Financial Socialization, Financial Literacy, Prudent FinancialManagement Practices, Financial Well-Being

Racial Differences in Financial Socialization and Financial Behaviors of U.S. College Students

2014 ◽  
pp. 272-292 ◽  
Author(s):  
Michael S. Gutter ◽  
Zeynep Copur ◽  
Amanda Blanco
Keyword(s):  
College Students ◽  
Racial Differences ◽  
Credit Card ◽  
Online Survey ◽  
The United States ◽  
Financial Behavior ◽  
Financial Socialization ◽  
Financial Behaviors ◽  
Black And White ◽  
Important Relationship

This chapter focuses on the effect of race on financial socialization and financial behavior of college students. Data (N = 13,845) were collected from current college students age 18 and over via an online survey throughout the United States during spring and fall of 2008. Results from means comparisons showed significant differences on the financial socialization between Black and White college students. Logistic regression results suggest important relationship exist between race and financial behaviors. Black students were less likely to save and more likely to engage in risky credit card behavior than White students after controlling for the effects of all other variables.

When Parenting Pays Off: Influences of Parental Financial Socialization on Children’s Outcomes in Emerging Adulthood

2020 ◽  
Author(s):  
David B. Allsop ◽  
McKay N. Boyack ◽  
E. Jeffrey Hill ◽  
Christoffer L. Loderup ◽  
Joshua E. Timmons
Keyword(s):  
Emerging Adulthood ◽  
Financial Socialization ◽  
Parental Financial Socialization

scholarly journals Exploring racial differences in financial socialization and related financial behaviors among Ohio college students

2018 ◽  
Vol 4 (1) ◽  
pp. 1514681 ◽  
Author(s):  
Martha Fulk ◽  
Kenneth John White ◽  
Sandro Serpa
Keyword(s):  
College Students ◽  
Racial Differences ◽  
Financial Socialization ◽  
Financial Behaviors
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