Title: Family Economic Status During Adolescence and Financial Independence at Emerging (Student Presentation)
Thursday, November 16th, 2017
This study investigates the relationship of financial independence of young adults from age 18 to 27 in 2013 and their family economic status during adolescence. Using a large nationally representative US sample included in the 2001 to 2013 Panel Study of Income Dynamics and its 2013 Transition to Adulthood Supplement, we find if young adults belong to the upper 50% of family income group during adolescence, their financial independence is negatively impacted by their family economic status during adolescence; if young adults belong to the lower 50%, their financial independence is positively impacted by their family economic status during adolescence.
Session Slides: 121171-2-47068.pptx