Thursday, November 15th, 2018
Examining the Influence of Parental Financial Socialization on Young Adults in a Romantic Relationship
Previous studies have found that parents play an important role in shaping their children's financial behaviors (Jorgensen, & Savla, 2010; Shim, Barber, Card, Xiao, & Serido, 2010; Xiao, Ahn, Serido, & Shim, 2014). However, within the financial domain, parental influence on a young couple's financial relationship has not been examined. Hence, the current study begins to address this gap by examining the financial socialization influence of both parents and romantic partners on a young adult's financial behavior and in turn, how these socializing factors affect the young adult's perception of the couple's financial relationship.