The Financial Behavior of Emerging Adults : A Family Financial Socialization Approach
Schweichler, John T.
The present study examined the role of attachment insecurity, locus of control, and parental financial communication in the financial behavior of emerging adults from a family financial socialization theory perspective. The sample consisted of 348 emerging adult college students (226 female) from a large southeastern university. Structural equation modeling was utilized to examine the direct and indirect effects as well as the overall fit of the model that was constructed according to family financial socialization theory. Results indicated a mediated relationship between attachment insecurity and financial behavior with significant indirect effects ([beta]= -.717, p<.001). Direct effects of attachment insecurity on the mediating variables, locus of control ([beta]= -.956, p<.01) and financial communication ([beta]= -.380, p<.001) were significant. Significant positive effects from locus of control ([beta]= .615, p<.001) and financial communication ([beta]= .338, p<.001) on financial behavior were also found. Overall fit of the model was good (CFI=.971, TLI=.953, RMSEA=.050, SRMR=.049). The findings support the inclusion of attachment as an important family relationship variable in the financial socialization process. The results also support the structure of a conceptual model of family financial socialization theory. Implications for research and practice are discussed.
Schweichler, John T.. (January 2013). The Financial Behavior of Emerging Adults : A Family Financial Socialization Approach (Master's Thesis, East Carolina University). Retrieved from the Scholarship. (http://hdl.handle.net/10342/1782.)
Schweichler, John T.. The Financial Behavior of Emerging Adults : A Family Financial Socialization Approach. Master's Thesis. East Carolina University, January 2013. The Scholarship. http://hdl.handle.net/10342/1782. April 26, 2019.
Schweichler, John T., “The Financial Behavior of Emerging Adults : A Family Financial Socialization Approach” (Master's Thesis., East Carolina University, January 2013).
Schweichler, John T.. The Financial Behavior of Emerging Adults : A Family Financial Socialization Approach [Master's Thesis]. Greenville, NC: East Carolina University; January 2013.
East Carolina University
Showing items related by title, author, creator and subject.
TEACHER PREPARATION COST STUDY : A COMPARATIVE ANALYSIS OF UNC SYSTEM-LEVEL FINANCIAL INPUTS AGAINST CAMPUS-LEVEL PRODUCTIVITY OUTPUTS Chapman, Alisa (East Carolina University, 2009)The University of North Carolina General Administration has required all constituent institutions with teacher education programs to expand their productivity goals to meet the state's teacher workforce needs. This study ...
Spence, David Randall (East Carolina University, 2017-12-06)Little research has been done comparing how economic dependency among married couples relates to perceived financial wellbeing and subjective class standing. Is individual income relative to total household income the most ...
Brown, Frank R., Jr. (East Carolina University, 2013)Over the past several decades physicists have used models and techniques that were developed in the sciences in order to analyze the price and volume behavior of financial markets. These models and techniques ...