Literaturnachweis - Detailanzeige
| Autor/inn/en | Fan, Lu; Park, Narang |
|---|---|
| Titel | Factors Mediating the Association between Financial Socialization and Well-Being of Young Adults: Testing a Conceptual Framework |
| Quelle | In: Journal of Financial Counseling and Planning, 32 (2021) 2, S.202-216 (15 Seiten)
PDF als Volltext kostenfreie Datei |
| Zusatzinformation | ORCID (Fan, Lu) ORCID (Park, Narang) |
| Sprache | englisch |
| Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
| ISSN | 1052-3073 |
| Schlagwörter | Young Adults; Socialization; Well Being; Money Management; Goal Orientation; Self Control; Motivation |
| Abstract | This study establishes an integrated conceptual framework to examine the influences of financial socialization on young adults' financial and subjective well-being. Using the National Financial Well-Being Survey and structural equation modeling methods with a national sample of young adults aged 18-35, this study highlights two key potential influences of financial socialization: (a) early financial socialization experience is directly and positively associated with young adults' financial knowledge and financial motivations (goal-oriented financial planning and self-control ability) and (b) there are indirect and positive associations between financial socialization and young adults' perceived financial skill, financial behavior, and financial and subjective well-being. Moreover, perceived financial skill significantly mediates the relationship between financial motivations and financial management behavior and could indirectly influence financial and subjective well-being. Finally, this study also finds positive associations among financial management behavior, financial well-being, and subjective well-being of young adults. (As Provided). |
| Anmerkungen | 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 |
| Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
| Update | 2024/1/01 |
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