Economics at your fingertips  

Financial Attitudes and Responsible Spending Behavior of Emerging Adults: Does Geographic Location Matter?

Bryce L. Jorgensen (), Diane Foster, Jakob F. Jensen and Elisabete Vieira
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: 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)
Date: 2017
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) Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

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 ().

Page updated 2019-05-25
Handle: RePEc:kap:jfamec:v:38:y:2017:i:1:d:10.1007_s10834-016-9512-5