Financial Attitudes and Responsible Spending Behavior of Emerging Adults: Does Geographic Location Matter?
Bryce L. Jorgensen (),
Jakob F. Jensen and
Additional contact information
Bryce L. Jorgensen: New Mexico State University
Diane Foster: East Carolina University
Jakob F. Jensen: East Carolina University
Elisabete Vieira: University of Aveiro
Journal of Family and Economic Issues, 2017, vol. 38, issue 1, 70-83
Abstract The current study examined the role of geographic location on financial achievement attitudes, financial power attitudes, and responsible spending behaviors of emerging adults from a family financial socialization model perspective. Using data from the Emerging Adult Financial Capability Study (EAFCS), the sample consisted of emerging adult college students (N = 2847) from three unique regions in the United States as well as students from Portugal. Hierarchical linear regression and ANOVA models were used to examine the patterns of similarities and differences among regions according to the family financial socialization model. Results suggest that financial achievement attitudes, financial power attitudes, and responsible spending behaviors differ across locations. Results also revealed that greater financial achievement attitudes and power attitudes were associated with fewer responsible spending behaviors. Results did not indicate that geographic location moderated the link between financial achievement attitudes or power attitudes and spending behaviors. The results suggest that financial education be adapted and conducted in a way that targets particular financial attitudes specific to each distinct region.
Keywords: Financial attitudes; Responsible spending behavior; Financial socialization; Emerging adults; Geographic location (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s10834-016-9512-5 Abstract (text/html)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:jfamec:v:38:y:2017:i:1:d:10.1007_s10834-016-9512-5
Ordering information: This journal article can be ordered from
http://www.springer. ... es/journal/10834/PS2
Access Statistics for this article
Journal of Family and Economic Issues is currently edited by Elizabeth M. Dolan
More articles in Journal of Family and Economic Issues from Springer
Bibliographic data for series maintained by Sonal Shukla ().