Family Financial Socialization: Theory and Critical Review

By C. Gudmunson, S. Danes. 2011

546 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/463d5c6b709d3cbdaeb304cfdec6cf8b44908173

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Citations in the corpus

Childhood Roots of Financial Literacy (2015, background): “The literature on financial socialization distinguishes between three or four socialization agents through which socialization takes place: family or parents, school, experiences at work and the media (Gudmunson and Danes, 2011).”
Emergency Saving and Household Hardship (2016, background): “The emergency savings measure might sort people by characteristics that contribute to the likelihood of saving for an emergency such as financial knowledge, time preferences, and risk aversion or circumstances influence attention allocation (Babiarz and Robb 2013; Gudmunson and Danes 2011; Lusardi 2”
Financial well‐being of Malaysian college students (2012, background): “Media such as television, radio, newspaper, and the internet also plays an important role in the economic socialization of adolescents (Hayta, 2008; Koonce et al., 2008; Varcoe et al., 2010). Lachance and Legault (2007) revealed that media (television, internet, magazines, and newspapers) were the s”
The Financial Behavior of Emerging Adults: A Family Financial Socialization Approach (2017, methodology): “Since family financial socialization is a process thought to extend throughout the lifespan (Gudmunson & Danes, 2011), cross-sectional data does not allow for the identification of changes occurring over time.”
Purposive and Unintentional Family Financial Socialization, Subjective Financial Knowledge, and Financial Behavior of High School Students (2019, background): “The family financial socialization theory (FFST; Danes & Yang, 2014; Gudmunson & Danes, 2011) focuses on the contribution of family financial socialization processes in explaining financial outcomes.”
Investigating the Disconnect between Financial Knowledge and Behavior: The Role of Parental Influence and Psychological Characteristics in Responsible Financial Behaviors among Young Adults (2015, background): “Children who feel that parents are loving and warm, who routinely spend time with parents, or have positive communication with parents are more likely to share parent’s prosocial values about money (Gudmunson and Danes 2011; Kim, LaTaillade, and Kim 2011).”