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Finance Commons™

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2020

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Articles 241 - 242 of 242

Full-Text Articles in Finance

Parent Financial Socialization Scale: Development And Preliminary Validation, Ashley B. Lebaron, Melissa A. Curran, E. Jeffery Hill, Margaret E. Freeh, Russell B. Toomey, Katherine E. Speirs Jan 2020

Parent Financial Socialization Scale: Development And Preliminary Validation, Ashley B. Lebaron, Melissa A. Curran, E. Jeffery Hill, Margaret E. Freeh, Russell B. Toomey, Katherine E. Speirs

Faculty Publications

A theoretically-grounded, validated measure of parent financial socialization is needed. This paper describes the development and validation process of three new scales: the Parent Financial Modeling Scale (eight items), the Parent-Child Financial Discussion Scale (nine items), and the Experiential Learning of Finances Scale (three items). These may be treated as subscales of a multidimensional latent construct: the Parent Financial Socialization Scale (20 items). The three scales measure the three primary methods of family financial socialization. The scales are designed to be retrospective, with target participants being U.S. emerging adults (age 18-30). A rigorous development process was undertaken: an initial pool …


Romantic Attachment Orientations, Financial Behaviors, And Life Outcomes Among Young Adults: A Mediating Analysis Of A College Cohort, Xiaomin Li, Melissa A. Curran, Ashley B. Lebaron Jan 2020

Romantic Attachment Orientations, Financial Behaviors, And Life Outcomes Among Young Adults: A Mediating Analysis Of A College Cohort, Xiaomin Li, Melissa A. Curran, Ashley B. Lebaron

Faculty Publications

Guided by the Vulnerability-Adaption-Stress model (Karney and Bradbury 1995), we used data from 635 college-educated young adults to examine associations between romantic attachment orientations (i.e., attachment anxiety and attachment avoidance) and young adults’ life outcomes (i.e., financial satisfaction, life satisfaction, and relationship satisfaction; Aim 1). We also conducted a mediating model to examine indirect associations from romantic attachment orientations to life outcomes via young adult’s own financial behaviors and perceived partners’ financial behavior (i.e., each young adult’s perception of their partner’s financial behaviors; Aim 2). For Aim 1, high attachment anxiety and/or high attachment avoidance was associated with low life …