Financial Socialization Agents and Spending Behavior of Emerging Adults: Do Parents, Peers, Employment, and Media Matter?

Autor/inn/en	LeBaron-Black, Ashley B.; Kelley, Heather H.; Hill, E. Jeffrey; Jorgensen, Bryce L.; Jensen, Jakob F.
Titel	Financial Socialization Agents and Spending Behavior of Emerging Adults: Do Parents, Peers, Employment, and Media Matter?
Quelle	In: Journal of Financial Counseling and Planning, 34 (2023) 1, S.6-19 (14 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Young Adults; Consumer Economics; Expenditures; Financial Literacy; Socialization; Behavior; Parent Influence; Peer Influence; Employment Level; College Students; Mass Media Effects; Money Management; Michigan; Utah; North Carolina + Suchen Sie Ihr Suchwort? Young adult; Junger Erwachsener; Konsumökonomie; Ausgaben; Socialisation; Sozialisation; Beschäftigungsgrad; Collegestudent
Abstract	Using consumer socialization theory, this study examined the associations between perceived influence of parents, peers, employment, and media and spending behaviors of emerging adult college students from three different regions of the US: Northeast, South Atlantic, and Mountain regions. Data from the Emerging Adult Financial Capability Study (N = 2,322) were analyzed using structural equation modeling. Greater parental and employment influences perceived by the students were linked with more responsible spending behaviors, while greater peer and media influences were associated with less responsible spending behaviors. This study highlights the importance of the home and the workplace as the nexus for financial learning. This knowledge can help focus efforts to help future emerging adult college students learn responsible spending behaviors. (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