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Does Parental Financial Socialization for Emerging Adults Matter? The Case of Austrian and Slovene First-Year University Students
| Content Provider | SAGE Publishing |
|---|---|
| Author | Sirsch, Ulrike Zupančič, Maja Poredoš, Mojca Levec, Katharina Friedlmeier, Mihaela |
| Copyright Year | 2019 |
| Abstract | The study tested a model of first-year university students’ financial socialization focusing on parents as financial socialization agents and students’ present financial outcomes. Results from 395 Austrians (70% females) and 412 Slovenes (55% females) revealed significant pathways from recollected socialization experiences to students’ self-perceived financial learning outcomes (adopting parental role modeling and financial knowledge) and financial behavior control. Financial knowledge and behavioral control partly mediated the effect of prior socialization experiences on students’ financial behavior, financial relationship with parents, and financial satisfaction. Among country-specific pathways, adopting parental role modeling indirectly influenced financial outcomes in the Slovene students, whereas for the Austrian students, it was directly associated with better financial relationships with parents. Our findings on the pathways to healthy financial outcomes provide important suggestions to parents and emerging adult students. |
| Related Links | https://journals.sagepub.com/doi/pdf/10.1177/2167696819882178?download=true |
| Starting Page | 509 |
| Ending Page | 520 |
| Page Count | 12 |
| ISSN | 21676968 |
| Issue Number | 6 |
| Volume Number | 8 |
| Journal | Emerging Adulthood (EAX) |
| e-ISSN | 21676984 |
| DOI | 10.1177/2167696819882178 |
| Language | English |
| Publisher | Sage Publications CA |
| Publisher Date | 2019-10-31 |
| Publisher Place | Los Angeles |
| Access Restriction | Open |
| Rights Holder | © 2019 Society for the Study of Emerging Adulthood and SAGE Publishing |
| Subject Keyword | financial satisfaction financial relationship with parents parental financial socialization financial behavior university students |
| Content Type | Text |
| Resource Type | Article |
| Subject | Experimental and Cognitive Psychology Life-span and Life-course Studies Developmental and Educational Psychology |