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Parental Financial Socialization, Financial Experiences, and Financial Behaviors: Comparing Asian American and International Asian College Students.

Authors :
Li, Yiting
Zuiker, Virginia S.
Mendenhall, Tai J.
Montalto, Catherine P.
Source :
Journal of Financial Counseling & Planning. 2021, Vol. 32 Issue 1, p68-85. 18p. 8 Charts.
Publication Year :
2021

Abstract

Paying for college expenses can be stressful for anyone, regardless of citizenship status. Asian American students and their parents may be negotiating with each other who will shoulder these expenses, while international Asian students often enter this country with their parents' financial support already established. This is the first study to specifically examine a large sample of Asian college students (n = 671) and explore how parents influence Asian students' financial attitudes, knowledge, and behaviors through a family financial socialization theoretical lens. Results show that financial socialization is positively associated with financial behaviors for all Asian college students. Findings are informative for college counselors, financial advisors, educators, and clinicians who work with Asian students and their parents. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10523073
Volume :
32
Issue :
1
Database :
Academic Search Index
Journal :
Journal of Financial Counseling & Planning
Publication Type :
Academic Journal
Accession number :
154093827
Full Text :
https://doi.org/10.1891/JFCP-19-00008