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ERIC Number: EJ1300488
Record Type: Journal
Publication Date: 2021
Abstractor: As Provided
Parental Financial Socialization, Financial Experiences, and Financial Behaviors: Comparing Asian American and International Asian College Students
Li, Yiting; Zuiker, Virginia S.; Mendenhall, Tai J.; Montalto, Catherine P.
Journal of Financial Counseling and Planning, v32 n1 p68-85 2021
Paying for college expenses can be stressful for anyone, regardless of citizenship status. Asian American students and their parents may be negotiating with each other who will shoulder these expenses, while international Asian students often enter this country with their parents' financial support already established. This is the first study to specifically examine a large sample of Asian college students (n = 671) and explore how parents influence Asian students' financial attitudes, knowledge, and behaviors through a family financial socialization theoretical lens. Results show that financial socialization is positively associated with financial behaviors for all Asian college students. Findings are informative for college counselors, financial advisors, educators, and clinicians who work with Asian students and their parents.
Descriptors: Socialization, Undergraduate Students, Foreign Students, Citizenship, Asians, Asian American Students, Knowledge Level, Money Management, Paying for College, Parent Financial Contribution, Parent Influence, Late Adolescents, Stress Variables, Role Models, Student Attitudes
Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A