The racial wealth gap has garnered attention in the past several years and it can be partly attributed to a lack of financial knowledge. This study examined the racial differences in financial literacy and learning outcomes from financial education.
Almost three quarters of American college students use loans to fund their college education, although according to public discourse student debt is a critical problem.
Student debt is a serious concern among many American college students. This study examined the influence of financial literacy on college students’ perception of loan debt and their college financial decision and education related behavior.
Most financial socialization research focuses on two methods of learning: modeling and discussion. The purpose of this study is to qualitatively explore experiential learning as a third potential method of financial socialization used by parents.
Experiential learning is potentially an important method for understanding parental financial socialization. In this study, 90 families were interviewed about their experiences with learning about finances and money.
This study examines variation in young adults' transitions to financial independence and the relationship between these transitions and financial security.
The financial support that young adults receive from their families may be associated with their financial independence and financial security. This study examined different patterns of financial independence among young adults, and how these patterns relate to financial security.