Implicit Family Financial Socialization and Emerging Adults’ Financial Well-Being: A Multi-Informant Approach

2019 ◽  
Vol 8 (6) ◽  
pp. 443-452 ◽  
Author(s):  
Margherita Lanz ◽  
Angela Sorgente ◽  
Sharon M. Danes

This study’s purpose is to investigate how implicit family financial socialization (family communication quality and family economic enmeshment) influences emerging adults’ objective and subjective financial well-being mediated by the degree to which the emerging adult child adopts their parents as financial role model. Using a multi-informant approach, structural equation model family-level analyses were conducted based on responses from mothers, fathers, and emerging adults in 160 Italian families. Results indicate that family communication quality has an indirect, positive effect on subjective financial well-being through adoption of parents as a financial role model. Family economic enmeshment has a direct, negative effect on the emerging adult’s personal income not received from their parents. A direct, positive relationship was found between adoption of parents as financial role models and economic dependence on parents.

2021 ◽  
pp. 026540752098115
Author(s):  
Isabel Miguel ◽  
Alexandra M. Araújo ◽  
Sandra Fernandes ◽  
Luísa Carneiro ◽  
Paula Fernandes

Given the crucial role that grandparents play in the upbringing and well-being of their grandchildren, research regarding the perceived importance of grandparents for their emerging adult grandchildren is of particular relevance. This study examined the relations between perceived grandparents’ roles and family and life satisfaction in Portuguese emerging adults. Participants (N = 387), aged 18–25, completed a structured self-report questionnaire. Findings of structural equation modeling showed that emerging adults’ perceptions of grandparental roles of counselor, enjoying the relationship, and indulgence are positively related to their family and life satisfaction. The mediation analysis showed that family satisfaction mediated the relation between perceptions of grandparents acting as counselors and the life satisfaction of emerging adult grandchildren. Implications of family relationships and grandparenting in the context of emerging adulthood are discussed.


2021 ◽  
pp. 0192513X2110575
Author(s):  
Ashley B. LeBaron-Black ◽  
Matthew T. Saxey ◽  
Toby M. Driggs ◽  
Melissa A. Curran

While a plethora of research has found that parent financial socialization during childhood and adolescence is linked with financial outcomes in emerging adulthood, recent literature suggests that financial socialization may also impact romantic relationship outcomes in emerging adulthood. Utilizing a sample of 1,950 U.S. emerging adults, we test whether retrospectively recalled parent financial socialization is associated with romantic relationship flourishing and whether this association is mediated by financial behaviors and financial distress. We found that financial socialization was positively associated with financial behaviors and relationship flourishing and was negatively associated with financial distress. Further, financial behaviors partially mediated the association between financial socialization and relationship flourishing, while financial distress did not mediate the association. Together with previous literature, these findings provide useful information for therapists and educators in their pursuit to promote robust parent financial socialization in childhood and adolescence and both financial and relational well-being in emerging adulthood.


10.2196/20529 ◽  
2020 ◽  
Vol 22 (10) ◽  
pp. e20529
Author(s):  
Sheng Zhi Zhao ◽  
Ningyuan Guo ◽  
Man Ping Wang ◽  
Daniel Yee Tak Fong ◽  
Agnes Yuen Kwan Lai ◽  
...  

Background Electronic devices (eDevices) may have positive or negative influences on family communication and well-being depending on how they are used. Objective We examined eDevice use during family time and its association with the quality of family communication and well-being in Hong Kong Chinese adults. Methods In 2017, a probability-based 2-stage random sampling landline telephone survey collected data on eDevice use in daily life and during family time (eg, family dinner) and the presence of rules banning eDevice use during family dinner. Family communication quality was rated from 0 to 10 with higher scores being favorable. Family well-being was calculated as a composite mean score of 3 items each using the same scale from 0 to 10. The associations of family communication quality and well-being with eDevice use in daily life and during family time were estimated using beta-coefficient (β) adjusting for sociodemographics. The mediating role of family communication quality in the association between eDevice use and family well-being was analyzed. Results Of the 2064 respondents (mean age 56.4 [SD 19.2] years, 1269/2064 [61.48%] female), 1579/2059 (76.69%) used an eDevice daily for a mean of 3.6 hours (SD 0.1) and 257/686 (37.5%) used it for 30+ minutes before sleep. As much as 794/2046 (38.81%) often or sometimes used an eDevice during family time including dinner (311/2017, 15.42%); 713/2012 (35.44%) reported use of an eDevice by family members during dinner. Lower family communication quality was associated with hours of eDevice use before sleep (adjusted β=–.25; 95% CI –0.44 to –0.05), and often use (vs never use) of eDevice during family dinner by oneself (adjusted β=–.51; 95% CI –0.91 to –0.10) and family members (adjusted β=–.54; 95% CI –0.79 to –0.29). Similarly, lower family well-being was associated with eDevice use before sleep (adjusted β=–.26; 95% CI –0.42 to –0.09), and often use during family dinner by oneself (adjusted β=–.48; 95% CI –0.83 to –0.12) and family members (adjusted β=–.50; 95% CI –0.72 to –0.28). Total ban of eDevice use during family dinner was negatively associated with often use by oneself (adjusted odds ratio 0.49; 95% CI 0.29 to 0.85) and family members (adjusted odds ratio 0.41; 95% CI 0.28, 0.60) but not with family communication and well-being. Lower family communication quality substantially mediated the total effect of the association of eDevice use time before sleep (61.2%) and often use at family dinner by oneself (87.0%) and by family members (67.8%) with family well-being. Conclusions eDevice use before sleep and during family dinner was associated with lower family well-being, and the association was substantially mediated by family communication quality. Our results suggest that interventions on smart use of eDevice may improve family communication and well-being.


Author(s):  
Shu Su ◽  
Alyssa McElwain ◽  
Xi Lin

Parenting practices that promote or inhibit autonomy in their emerging adult child can impact the well-being of emerging adults. This study explored a variety of parenting practices and how these practices impact emerging adult well-being across two cultures. Associations between parental support, involvement, helicopter parenting, and psychological control and emerging adults’ well-being were compared between two samples of participants ages 18-25: American ( n = 643) and Chinese ( n = 514). Results indicate that parental support can promote well-being among emerging adults, but autonomy-limiting practices of psychological control and helicopter parenting seem to be unfavorable for emerging adults regardless of culture. Differences in reported mean levels of the four parenting practices were observed across the two culturally specific samples; however, the strength of associations between practices and emerging adult well-being was not statistically different.


2019 ◽  
Vol 41 (3) ◽  
pp. 359-382
Author(s):  
Katie Lowe ◽  
Jeffrey J. Arnett

Grounded in the theoretical frameworks of emerging adulthood and intergenerational ambivalence, parental concerns about their child’s attainment of adulthood was investigated as the focal predictor of the likelihood of monetary conflict between American parents and emerging adults. A national sample of 791 parents (51% female; 73% White) of emerging adults (18-29 years old) completed surveys. Results showed that 43% of parents experienced monetary conflict with their emerging adult, and one in five were “very concerned” that their child would not attain adulthood. Additionally, the odds of monetary conflict were 3.11 times higher when parents endorsed greater concerns about attaining adulthood (e.g., might never become fully adult). This association was the strongest beyond key demographic, parental well-being, and parent–emerging adult relationship factors. Findings help illuminate the basis of monetary conflict in emerging adulthood and indicate parents’ fears of “failure to launch” may have very real consequences, suggesting implications for financial socialization.


2021 ◽  
Vol 12 ◽  
Author(s):  
Seungjoo Lee ◽  
Sungho Kwon ◽  
Jihoon Ahn

This study aimed to verify the effects of role modeling on adolescent athletes’ self-efficacy and flow state. The subjects were middle school and high school athletes registered with the Korean Sport & Olympic Committee. From the collected data, descriptive statistics, confirmatory factor analysis, correlation analysis, and structural equation model analysis were performed. To verify the mediating effects of self-efficacy in the relationship between modeling and flow state, structural equation modeling analysis was conducted. The direct effects of adolescent athlete modeling on flow state (β = 0.416, B = 0.244, p < 0.01) and self-efficacy (β = 0.479, B = 0.500, p < 0.01) were all significant, and the direct effects of self-efficacy on flow state (β = 0.404, B = 0.227, p < 0.01) were also significant. Furthermore, it was confirmed that the indirect effect of modeling on flow state (β = 0.194, B = 0.114, p < 0.01) was significant, and that the partial mediated effects of self-efficacy were significant. Thus, we confirmed that when adolescent athlete use modeling through a role model, their self-efficacy increased which in turn led to a positive effect on the ability to achieve a flow state.


2021 ◽  
Author(s):  
Wei-Jie Gong ◽  
Bonny Yee Man Wong ◽  
Sai Yin Ho ◽  
Agnes Yuen Kwan Lai ◽  
Shengzhi Zhao ◽  
...  

BACKGROUND Family e-chat groups are commonly used, but little is known about its associations with family and individual well-being amidst the COVID-19 pandemic. OBJECTIVE Under the Hong Kong Jockey Club SMART Family-Link project, we examined the associations of family e-chat group use amidst the COVID-19 pandemic with family well-being and personal happiness, and the mediating effects of family communication quality on these associations. METHODS A territory-wide self-administered online survey was conducted in May 2020 on Chinese adults in Hong Kong. Respondents reported the number of family e-chat groups (0, 1, 2, ≥3), the instant messaging (IM) functions used (receiving/sending text messages, photos/pictures, short videos, voice messages, making voice calls and video calls), and the average numbers of IM messages sent and received daily (<1, 1-2, 3-10, 11-20, >20) in family e-chat groups. Prevalence was weighted by sex, age, and education of the general population. Adjusted prevalence ratios (aPRs) for IM function use by demographics were calculated. Adjusted β for family well-being (health, harmony, and happiness), and personal happiness (all scale 0-10, higher scores indicate better outcomes) by number of family e-chat groups and IM function use were calculated, and the mediation effect of family communication quality on these associations examined. RESULTS Of 4890 respondents, 4046 (82.7%) had ≥1 family e-chat group. Sending/receiving text messages was most commonly used (weighted prevalence: 78.4%), followed by receiving/sending photos/pictures (76.5%), making voice calls (46.2%), receiving/sending short videos (37.2%) and voice messages (13.8%), and making video calls (8.2%). Women and older age were associated with having more groups (aPRs: 1.04-1.22, all P≤.03) and non-text function use (aPRs: 1.10-3.10, P≤.02). Better family well-being was associated with having more groups (β: 0.23-0.77), receiving/sending photos/pictures (β: 0.33), voice calls (β: 0.18), video calls (β: 0.45), more IM functions used (β: 0.43-0.51), and more IM messages received/sent daily (β: 0.38-0.54) (all P≤.01). Higher personal happiness was associated with having more groups (β: 0.30-0.72), receiving/sending photos/pictures (β: 0.30), video calls (β: 0.32), more IM functions use (β: 0.36-0.42) and more IM messages received/sent daily (β: 0.42-0.67) (all P≤.01). Family communication quality mediated the associations of more groups and more IM functions used with family well-being (mediated proportions: 75.5% and 69.5%, respectively) and personal happiness (mediated proportions: 66.4% and 46.2%, respectively). CONCLUSIONS This is the first study showing that, amidst the COVID-19 pandemic, having more family e-chat groups and using more IM functions including sending/receiving photos/pictures and making video calls in family e-chat groups, were associated with better family well-being and personal happiness, and about half to three-quarters of these associations were mediated by family communication quality. Prospective studies are needed to confirm the associations. People without or with low use of family e-chat groups would need more attention and assistance.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S37-S38
Author(s):  
Eun Ha Namkung

Abstract According to the family systems theory, strains from parenting an adult with disabilities may spillover to parents’ relationships with their other children and disrupt family dynamics and their well-being in later life. This study examined whether parental ambivalence toward their non-disabled children is greater in families of adults with disabilities [developmental disabilities (DD) or serious mental illnesses (SMI)] than families without an adult child with disabilities. The study also investigated whether ambivalence mediates the associations of having an adult child with DD or SMI on parents’ health. Data were from the 2011 Wisconsin Longitudinal Study in which aging parents (Mage = 71; n = 6,084) were asked about their relationship with each of their adult children. Multilevel regression models and multilevel structural equation models (MSEM) were estimated to analyze the data. Our findings showed that parents of an adult with SMI felt greater ambivalence toward their non-disabled adult children than comparison group parents of adults without disabilities, whereas no significant differences were found between parents of an adult with DD and comparison group parents. Parental ambivalence toward their non-disabled adult children played a significant indirect role in the negative association between having a child with SMI and parental physical and mental health, after adjusting for parent- and child-characteristics associated with parental health and/or ambivalence. The findings have implications for clinical practice with aging families of adults with disabilities and suggest the need for additional research to better understand intergenerational dynamics in these families.


2021 ◽  
pp. 216769682110128
Author(s):  
Jordan Boeder ◽  
Veronica Fruiht ◽  
Sarah Hwang ◽  
Giovanna Blanco ◽  
Thomas Chan

Mentors that guide young people in their transition to adulthood provide support in a variety of domains that set the stage for happier adult lives. While mentoring during emerging adulthood is associated with shorter-term social and professional success—less is known about whether mentoring for career and committed relationships, specifically, are linked to downstream well-being. This study uses nationally representative data from the Panel Study of Income Dynamics ( N = 6,197) to examine whether receiving mentoring in emerging adulthood is linked to later flourishing and subjective well-being. Structural Equation Models indicate that people with career mentors in emerging adulthood reported higher levels of flourishing and subjective well-being and those with committed relationship mentors reported more flourishing in later life. Findings suggest that emerging adults who receive career supports may have better chances of experiencing well-being downstream.


2016 ◽  
Vol 40 (4) ◽  
pp. 383-400 ◽  
Author(s):  
Stéphanie Baggio ◽  
Joseph Studer ◽  
Katia Iglesias ◽  
Jean-Bernard Daeppen ◽  
Gerhard Gmel

The principal aim of this study was to investigate the psychosocial well-being of emerging adults using psychological states associated with this transitional phase and classic measures of emerging adulthood. We expected psychological states to be more closely associated with psychological well-being than classic markers of achieved adulthood. Data were collected in the Cohort Study on Substance Use Risk Factors from 4,991 Swiss men aged 18–25 years. The assessment included the Short Form of the Inventory of Dimensions of Emerging Adulthood (IDEA-8), classic markers of achieved adulthood (e.g., financial independence, stable relationship), and psychosocial well-being. Structural equation models (SEMs) were conducted to test the association between measures of emerging adulthood and psychosocial well-being. Overall, the results highlighted contrasting associations of measures of emerging adulthood and psychosocial well-being. Youths facing negative psychological states (dimension “negativity”) and exploring life without knowing how to define themselves (dimension “identity exploration”) had a decreased psychosocial well-being. On the contrary, youths exploring many opportunities with an optimistic perspective (dimension “experimentation”) had an increased psychosocial well-being. By contrast, classic markers of adulthood were less related to psychosocial well-being. The IDEA-8 Scale appeared to be a useful screening tool for identifying vulnerable youths, and emerging adulthood should be measured with a focus on the psychological states associated with this period. This information may be valuable for mental health systems that have not yet adapted to emerging adults’ needs.


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