Subjective Financial Situation and Financial Capability of Young Adults in Finland

Autor/inn/en	Ranta, Mette; Salmela-Aro, Katariina
Titel	Subjective Financial Situation and Financial Capability of Young Adults in Finland
Quelle	In: International Journal of Behavioral Development, 42 (2018) 6, S.525-534 (10 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Ranta, Mette)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0165-0254
DOI	10.1177/0165025417745382
Schlagwörter	Foreign Countries; Young Adults; Money Management; Well Being; Self Efficacy; Longitudinal Studies; Finland + Suchen Sie Ihr Suchwort? Ausland; Young adult; Junger Erwachsener; Well-being; Wellness; Wohlbefinden; Self-efficacy; Selbstwirksamkeit; Longitudinal study; Longitudinal method; Longitudinal methods; Längsschnittuntersuchung; Finnland
Abstract	A key developmental task in young adulthood is acquiring financial capability (Serido, Shim, & Tang, 2013), meaning competent financial management skills and the responsibilities that these involve. This study extends previous research on the theoretical model of the development of financial capability, including financial confidence (or financial self-efficacy) and financial behavior as factors contributing to subjective and financial well-being. It is part of the Finnish Educational Transitions Studies (FinEdu) longitudinal research project. Participants were 418 young adults aged 24-25 at Time 1 and 26-27 at Time 2. Path and mediation models and Structural Equation Modeling following a modified theoretical model of financial capability were estimated. The results support the theoretical model of financial capability among young adults in Finland. The study complements previous research by investigating the associations between subjective financial situation and financial capability and their respective mediation effects over time. (As Provided).
Anmerkungen	SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: http://sagepub.com
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01