scholarly journals Does Parental Financial Communication Affect Emerging Adults’ Financial Behavior?

2020 ◽  
Author(s):  
Muhammad Triono ◽  
Syahrizal Dalimunthe ◽  
Humisar Sihombing
Keyword(s):  
Emerging Adults ◽  
Financial Behavior ◽  
Financial Communication

scholarly journals Financial Behavior Change and Progress Toward Self-Sufficiency: A Goal-Framing Theory Application

2019 ◽  
Vol 8 (6) ◽  
pp. 521-529
Author(s):  
Joyce Serido ◽  
Chuanyi Tang ◽  
Sun Young Ahn ◽  
Soyeon Shim
Keyword(s):  
Emerging Adults ◽  
Behavior Pattern ◽  
Multinomial Logistic Regression ◽  
Financial Education ◽  
Well Being ◽  
The United States ◽  
Framing Theory ◽  
Financial Behavior ◽  
Goal Framing ◽  
Self Sufficiency

We applied goal-framing theory to determine whether there were discernible patterns in emerging adults’ financial behavior from college to career and whether those patterns were associated with progress toward self-sufficiency. Using longitudinal data collected over 5 years from a college cohort of emerging adults ( N = 968) in the United States, we estimated latent growth curve models and identified three financial-behavior patterns suggestive of the overarching motivations in the theory: planful (gain), present focused (hedonic), and socially compliant (normative). Using multinomial logistic regression analysis, we found that higher perceived financial control, more positive financial attitudes, higher perceived parental expectations, and more exposure to financial education were predictive of a gain pattern. Analyses of variance showed that the gain financial-behavior pattern was associated with the most progress toward self-sufficiency (adult stability, career status, and well-being). We discuss the findings as they pertain to the connection between emerging adults’ financial behavior and progress toward self-sufficiency.

scholarly journals The Lengthening Transition to Adulthood: Financial Parenting and Recentering during the College-to-Career Transition

2020 ◽  
Vol 41 (9) ◽  
pp. 1626-1648 ◽  
Author(s):  
Joyce Serido ◽  
Ashley B. LeBaron ◽  
Lijun Li ◽  
Emily Parrott ◽  
Soyeon Shim
Keyword(s):  
Emerging Adults ◽  
Transition To Adulthood ◽  
First Generation ◽  
The United States ◽  
Financial Behavior ◽  
Repeated Measure ◽  
Structural Factors ◽  
First Generation College Student ◽  
First Generation College ◽  
And Gender

Using longitudinal data collected from a college cohort in the United States ( N = 922), we examined the associations between systemic and structural factors (gender, race/ethnicity, family SES, and first-generation college status), financial parenting (teaching, and modeling behavior), and emerging adults’ financial behavior. We conducted a series of one-way repeated measure ANOVA analyses (GLM) to assess patterns of average change in financial parenting and financial behavior in the first year in college, fourth year in college, and two years after college and found evidence suggestive of recentering—a gradual transfer of responsibility during emerging adulthood from parent-directed behavior to self-directed behavior; however, the decline in financial parenting was not offset by an improvement in emerging adults’ financial behavior. Despite similar patterns of change, family socioeconomic status (SES), first-generation college student status, and gender influenced both financial parenting and financial behaviors at each time point. We discuss the findings and the implications on the timing and length of the recentering process.

The Financial Behavior of Emerging Adults: A Family Financial Socialization Approach

2016 ◽  
Vol 38 (1) ◽  
pp. 57-69 ◽  
Author(s):  
Bryce L. Jorgensen ◽  
Damon L. Rappleyea ◽  
John T. Schweichler ◽  
Xiangming Fang ◽  
Mary E. Moran
Keyword(s):  
Emerging Adults ◽  
Financial Behavior ◽  
Financial Socialization

scholarly journals Does Parental Financial Socialization for Emerging Adults Matter? The Case of Austrian and Slovene First-Year University Students

2019 ◽  
Vol 8 (6) ◽  
pp. 509-520
Author(s):  
Ulrike Sirsch ◽  
Maja Zupančič ◽  
Mojca Poredoš ◽  
Katharina Levec ◽  
Mihaela Friedlmeier
Keyword(s):  
University Students ◽  
Emerging Adults ◽  
Role Modeling ◽  
Financial Knowledge ◽  
Financial Behavior ◽  
First Year ◽  
Parental Role ◽  
Financial Socialization ◽  
Financial Outcomes ◽  
First Year University

The study tested a model of first-year university students’ financial socialization focusing on parents as financial socialization agents and students’ present financial outcomes. Results from 395 Austrians (70% females) and 412 Slovenes (55% females) revealed significant pathways from recollected socialization experiences to students’ self-perceived financial learning outcomes (adopting parental role modeling and financial knowledge) and financial behavior control. Financial knowledge and behavioral control partly mediated the effect of prior socialization experiences on students’ financial behavior, financial relationship with parents, and financial satisfaction. Among country-specific pathways, adopting parental role modeling indirectly influenced financial outcomes in the Slovene students, whereas for the Austrian students, it was directly associated with better financial relationships with parents. Our findings on the pathways to healthy financial outcomes provide important suggestions to parents and emerging adult students.

A Longitudinal Study of Mental Health in Emerging Adults

2014 ◽  
Vol 73 (3) ◽  
pp. 135-141 ◽  
Author(s):  
Monica S. Bachmann ◽  
Hansjörg Znoj ◽  
Katja Haemmerli
Keyword(s):  
Mental Health ◽  
Longitudinal Study ◽  
Emerging Adults ◽  
Poor Mental Health ◽  
Need Satisfaction ◽  
Computer Assisted ◽  
Consistency Model ◽  
Negative Effect ◽  
The Cross ◽  
Health Model

Emerging adulthood is a time of instability. This longitudinal study investigated the relationship between mental health and need satisfaction among emerging adults over a period of five years and focused on gender-specific differences. Two possible causal models were examined: (1) the mental health model, which predicts that incongruence is due to the presence of impaired mental health at an earlier point in time; (2) the consistency model, which predicts that impaired mental health is due to a higher level of incongruence reported at an earlier point in time. Emerging adults (N = 1,017) aged 18–24 completed computer-assisted telephone interviews in 2003 (T1), 2005 (T2), and 2008 (T3). The results indicate that better mental health at T1 predicts a lower level of incongruence two years later (T2), when prior level of incongruence is controlled for. The same cross-lagged effect is shown for T3. However, the cross-lagged paths from incongruence to mental health are marginally associated when prior mental health is controlled for. No gender differences were found in the cross-lagged model. The results support the mental health model and show that incongruence does not have a long-lasting negative effect on mental health. The results highlight the importance of identifying emerging adults with poor mental health early to provide support regarding need satisfaction.

Contribution of Demographics, Sociological Factors, and Media Usage to Verbal Aggressiveness

2014 ◽  
Vol 26 (2) ◽  
pp. 92-102 ◽  
Author(s):  
Jack Glascock
Keyword(s):  
Emerging Adults ◽  
Peer Influence ◽  
Video Game ◽  
Rap Music ◽  
Verbal Aggression ◽  
Hierarchical Regression ◽  
Music Listening ◽  
Verbal Aggressiveness ◽  
Media Usage ◽  
Sociological Factors

Given the increasing relevance of verbal aggression in today’s society, the goal of this study was to assess the relative contributions of potential demographic and sociological factors. Emerging adults were surveyed, and the data were analyzed using correlations and hierarchical regression. While television viewing, video game playing, and music listening were positively correlated with verbal aggression, only (rap) music listening remained significant when demographic and other sociological influences were factored in. Overall, the hierarchical regression analysis found religiosity, parental and peer influence, quality of neighborhood, sex, and media usage (listening to rap music) to be significant contributors to verbal aggression among emerging adults. Male participants reported more verbally aggressive behavior than women, and African Americans reported more verbal aggression than White respondents. While media usage seems to play a significant, but relatively small role, other demographic and sociological factors such as gender, neighborhood, religion, peers, and parents appear to be major contributors in the development of verbal aggression among emerging adults.

Predicting Stock Market Performance

2020 ◽  
pp. 1-10
Author(s):  
Thomas Plieger ◽  
Thomas Grünhage ◽  
Éilish Duke ◽  
Martin Reuter
Keyword(s):  
Stock Market ◽  
Risk Taking ◽  
Life Stress ◽  
Price Volatility ◽  
Individual Characteristics ◽  
Self Report ◽  
Financial Behavior ◽  
Market Simulation ◽  
Stock Market Performance ◽  
Risk Taking Behavior

Abstract. Gender and personality traits influence risk proneness in the context of financial decisions. However, most studies on this topic have relied on either self-report data or on artificial measures of financial risk-taking behavior. Our study aimed to identify relevant trading behaviors and personal characteristics related to trading success. N = 108 Caucasians took part in a three-week stock market simulation paradigm, in which they traded shares of eight fictional companies that differed in issue price, volatility, and outcome. Participants also completed questionnaires measuring personality, risk-taking behavior, and life stress. Our model showed that being male and scoring high on self-directedness led to more risky financial behavior, which in turn positively predicted success in the stock market simulation. The total model explained 39% of the variance in trading success, indicating a role for other factors in influencing trading behavior. Future studies should try to enrich our model to get a more accurate impression of the associations between individual characteristics and financially successful behavior in context of stock trading.

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