Title: Responsible Spending Behaviors of College Students: Do Social Influences Vary Across Diverse Geographic Locations?
Wednesday, November 15th, 2017
The current study examined the role of parents, peers, school, employment and media in regards to spending behaviors among college students, and differences among multiple locations Using Consumer Socialization Theory. Using data from the Emerging Adult Financial Capability Study (EAFCS), the sample consisted of emerging adult college students (N = 2,847) from three unique regions in the United States. Results suggested that parental influence and employment influence were each positively associated with more responsible spending behaviors. Conversely, greater influence from peers and media on money management were significantly linked with poorer spending behaviors.