Does Parental Financial Socialization for Emerging Adults Matter? The Case of Austrian and Slovene First-Year University Students

Autor(en)

Ulrike Sirsch, Maja Zupančič , Mojca Poredoš, Katharina Levec, Mihaela Friedlmeier

Abstrakt

The study tested a model of first-year university students’ financial socialization focusing on parents as financial socialization agents and students’ present financial outcomes. Results from 395 Austrians (70% females) and 412 Slovenes (55% females) revealed significant pathways from recollected socialization experiences to students’ self-perceived financial learning outcomes (adopting parental role modeling and financial knowledge) and financial behavior control. Financial knowledge and behavioral control partly mediated the effect of prior socialization experiences on students’ financial behavior, financial relationship with parents, and financial satisfaction. Among country-specific pathways, adopting parental role modeling indirectly influenced financial outcomes in the Slovene students, whereas for the Austrian students, it was directly associated with better financial relationships with parents. Our findings on the pathways to healthy financial outcomes provide important suggestions to parents and emerging adult students.

Organisation(en)

Institut für Klinische und Gesundheitspsychologie, Institut für Arbeits-, Wirtschafts- und Sozialpsychologie

Externe Organisation(en)

University of Ljubljana, Grand Valley State University

Journal

Emerging Adulthood

Band

8

Seiten

509-520

Anzahl der Seiten

12

ISSN

2167-6968

DOI

https://doi.org/10.1177/2167696819882178

Publikationsdatum

10-2019

Peer-reviewed

Ja

ÖFOS 2012

501005 Entwicklungspsychologie

Schlagwörter

ASJC Scopus Sachgebiete

Experimental and Cognitive Psychology, Developmental and Educational Psychology, Life-span and Life-course Studies

Link zum Portal

https://ucris.univie.ac.at/portal/de/publications/does-parental-financial-socialization-for-emerging-adults-matter-the-case-of-austrian-and-slovene-firstyear-university-students(664c4deb-7bbe-4f6b-814f-9fb06afe5699).html