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Practice Makes Perfect: Experiential Learning as a Method for Financial Socialization.
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.
Practice Makes Perfect: Experiential Learning as a Method for Financial Socialization.
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.
Leaving the Financial Nest: Connecting Young Adults’ Financial Independence to Financial Security
This study examines variation in young adults' transitions to financial independence and the relationship between these transitions and financial security.
Leaving the Financial Nest: Connecting Young Adults’ Financial Independence to 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.
Financial Socialization of College Students: Domain-General and Domain-Specific Perspectives
This study investigated the association of domain-general and domain-specific parenting practices with college students’ financial attitudes and behaviors. Data came from a survey of college students (n = 585, 156 males) aged 19–32 attending a Midwestern University.
Financial Socialization of College Students: Domain-General and Domain-Specific Perspectives
The financial attitude and behavior of young adults is influenced by parents’ financial socialization (e.g., the communication pattern around finances in the family).