ERIC Number: EJ1032330
Record Type: Journal
Publication Date: 2014-Apr
Abstractor: As Provided
Reference Count: N/A
Financial Adaptation among College Students: Helping Students Cope with Financial Strain
Serido, Joyce; Shim, Soyeon; Xiao, Jing Jian; Tang, Chuanyi; Card, Noel A.
Journal of College Student Development, v55 n3 p310-316 Apr 2014
This study examines the impact of the recent financial crisis on co-occurring patterns of change in financial strain and financial coping behaviors of college students (N = 748) using two-timed, longitudinal data collected prior to the 2008 financial crisis and again one year later. Using a stress and coping framework, we found that different measures of perceived change in financial strain acted as antecedents of change in types of financial coping behaviors. We discuss the importance of these findings in developing the financial decision-making skills that young adults need in an era of increasing responsibility for their financial future.
Descriptors: College Students, Coping, Stress Management, Student Behavior, Stress Variables, Longitudinal Studies, Economic Impact, Decision Making Skills, Behavior Change, Financial Services, Money Management
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Publication Type: Journal Articles; Reports - Research
Education Level: Postsecondary Education; Higher Education
Authoring Institution: N/A