Social and Behavioral Sciences Commons^™

Young, Dumb, And Broke: How Family Communication Affects Financial Literacy, Brenna Micek

Honors Theses

Thousands of Americans carry debt, whether it be a mortgage, student loans, or auto loans. The average American graduates with at least $35,000 in debt (Kurt, 2019). Many Americans are not confident in their financial capabilities (Godsted & McCormick, 2007). Research has shown that learning from parents leaves a larger impact than learning in the classroom (Lucas & Buzzanell, 2011). The purpose of this study is to explore how family communication – specifically conversation and conformity orientation – and relational closeness within a parent-child relationship affect messages about finances and the emerging adult’s financial literacy. Conversation orientation, conformity orientation, and …