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Social and Behavioral Sciences Commons™
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Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Unmasking The Phantoms Of Generations: A Comparative Study Of Financial Responsibility And Stress Across Generational Divides (Fta Best Paper Award), Wookjae Heo, Keewon Moon, Sun Young Ahn
Unmasking The Phantoms Of Generations: A Comparative Study Of Financial Responsibility And Stress Across Generational Divides (Fta Best Paper Award), Wookjae Heo, Keewon Moon, Sun Young Ahn
Journal of Financial Therapy
This study investigated whether financial stress is associated with experiencing the COVID-19 pandemic across different generations. In addition, this research examined whether financial payment behaviors are associated with experiencing the COVID-19 pandemic, different generations, and having higher financial stress. Two cross-sectional samples were collected from the United States at two time points, before COVID-19 (n = 823) and during COVID-19 (n = 803). Ordinary least squared (OLS) regression and ordered logistic models were utilized to answer the research questions. The results revealed that COVID-19 increased financial stress, but the younger generations have demonstrated resilience in dealing with the pandemic, contrary …
Financial Help-Seeking Behaviors Of Young Adults, Christina E. Glenn, Stuart J. Heckman
Financial Help-Seeking Behaviors Of Young Adults, Christina E. Glenn, Stuart J. Heckman
Journal of Financial Therapy
The financial help-seeking behaviors of Millennials are explored and guided by the Family Financial Socialization conceptual model developed by Gudmunson and Danes (2011). Using data from the 1997 cohort of the National Longitudinal Study of Youth, a random effects probit model was used to estimate the probability of a respondent seeking financial advice at any point in time from 2006 to 2013. Results indicate personal and family demographic characteristics are associated with the decision to seek financial advice. Further analysis was conducted to determine the probability of seeking help from a financial professional. Among those who sought help, gender, marital …
Multigenerational Modeling Of Money Management, Christina M. Rosa, Loren D. Marks, Ashley B. Lebaron, E.Jeffrey Hill
Multigenerational Modeling Of Money Management, Christina M. Rosa, Loren D. Marks, Ashley B. Lebaron, E.Jeffrey Hill
Journal of Financial Therapy
This study is about implicit financial socialization within families. It specifically examines how parental modeling facilitates the intergenerational transmission of healthy financial behaviors. This qualitative, multi-generational, multi-site study begins to answer the following research question: What financial behaviors are parents modeling for their children? The sample for this study (N=115) included 90 undergraduate students (ages 18-30) enrolled in family finance classes at three U.S. universities, 18 of their parents, and 7 of their grandparents. Using a team-based approach to qualitative data collection, analysis, and coding, four consensus themes related to parental financial modeling were distilled: (1) Working for …