Family Processes and Adolescents’ Financial Behaviors

By Jinhee Kim, J. J. Lataillade, Haejeon Kim. 2011

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Factors Associated with Financial Independence of Young Adults (2014, background): “During these family communication processes, they increase the level of economic self-efficacy that contributes to their financial independence (Shim et al., 2010; Kim et al., 2011).”
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).”
Childhood Financial Socialization and Young Adults' Financial Management (2013, background): “Previous investigations have confirmed that parental socialization and instruction in financial matters exert a positive influence on a child’s efforts to acquire adaptive financial knowledge, skills, and attitudes (e.g., Jorgensen & Salva, 2010; Kim et al, 2011; Moschis, 1987; Shim et al., 2009).”