A Developmental Model of Financial Capability: A Framework for Promoting a Successful Transition to Adulthood

Autor/inn/en	Serido, Joyce; Shim, Soyeon; Tang, Chuanyi
Titel	A Developmental Model of Financial Capability: A Framework for Promoting a Successful Transition to Adulthood
Quelle	In: International Journal of Behavioral Development, 37 (2013) 4, S.287-297 (11 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0165-0254
DOI	10.1177/0165025413479476
Schlagwörter	Models; Adult Development; Young Adults; Money Management; Behavior; Beliefs; Well Being; Decision Making; Longitudinal Studies; College Students; Change; Student Attitudes; Self Efficacy; Student Surveys; Arizona + Suchen Sie Ihr Suchwort? Analogiemodell; Erwachsenwerden; Young adult; Junger Erwachsener; Belief; Glaube; Well-being; Wellness; Wohlbefinden; Decision-making; Entscheidungsfindung; Longitudinal study; Longitudinal method; Longitudinal methods; Längsschnittuntersuchung; Collegestudent; Wandel; Schülerverhalten; Self-efficacy; Selbstwirksamkeit; Schülerbefragung
Abstract	This study proposes a developmental model of financial capability to understand the process by which young adults acquire the financial knowledge and behaviors needed to manage full-time adult social roles and responsibilities. The model integrates financial knowledge, financial self-beliefs, financial behavior, and well-being into a single financial decision-making process. With two-time longitudinal survey data from college students ("N" = 1,511; aged 18-23 years at Wave 1 and 21-26 years at Wave 2), the findings provide support for a pattern of co-occurring change: changing knowledge about personal finances associated with changing self-beliefs about finances; changing self-beliefs associated with changing financial behaviors; and changing financial behaviors ultimately associated with changes in financial and overall well-being. We discuss the findings in the context of facilitating a positive transition to adulthood during widespread economic uncertainty. (Contains 2 figures and 2 tables.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10