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ERIC Number: EJ897351
Record Type: Journal
Publication Date: 2010-Oct
Pages: 12
Abstractor: As Provided
Reference Count: 44
ISSN: ISSN-0197-6664
Financial Parenting, Financial Coping Behaviors, and Well-Being of Emerging Adults
Serido, Joyce; Shim, Soyeon; Mishra, Anubha; Tang, Chuanyi
Family Relations, v59 n4 p453-464 Oct 2010
The goal of this study was to consider the role of parents in the development of their children's financial independence by the time the children are old enough to enter college. Using data from 2,098 first-year university students, we examined two pathways to emerging adults' financial, psychological, and personal well-being, combining research on the positive effects of family financial environment and future-oriented coping behaviors. Two findings are of particular note. The quality of parent-child communication regarding financial topics proved to be the most potent predictor of children's financial, psychological, and personal well-being. Further, parents' expectations had a significant indirect influence (via financial coping behaviors) on their children's well-being. Implications for promoting financial self-sufficiency among young adults are discussed.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A