Parental Financial Education During Childhood and Financial Behaviors of Emerging Adults
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2021-03-16
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Final Accepted Manuscript
Affiliation
Univ Arizona, Family Studies & Human Dev, Norton Sch Family & Consumer SciIssue Date
2020-03-16Keywords
emerging adultsfinancial behavior
financial education
financial management
financial socialization
gender
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SPRINGER PUBLISHING COCitation
LeBaron, A. B., Holmes, E. K., Jorgensen, B. L., & Bean, R. A. (2020). Parental Financial Education During Childhood and Financial Behaviors of Emerging Adults. Journal of Financial Counseling & Planning, 31(1), 42–54. https://doi.org/10.1891/JFCP-20-00021Rights
© 2020 Association for Financial Counseling and Planning Education®Collection Information
This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.Abstract
The purpose of this article was to determine whether overt financial education from parents during childhood (retrospective measure collected in the same survey wave) is associated with a greater frequency of healthy financial management behaviors in emerging adulthood, and whether this relationship is dependent on gender Using a sample of emerging adults from the Flourishing Families dataset (N = 437), we ran two multivariate linear regressions one with and one without the interaction variable. Results suggest that financial education from parents during childhood is linked with a greater frequency of healthy financial behaviors in emerging adulthood but was not dependent on gender Financial educators should involve parents when teaching children about money, and they should educate parents on how to teach their children about money.Note
12 month embargo; published online: 16 March 2020ISSN
1052-3073EISSN
1947-7910Version
Final accepted manuscriptScopus Count
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