ERIC Number: ED577496
Record Type: Non-Journal
Publication Date: 2017
Pages: 147
Abstractor: As Provided
ISBN: 978-0-3550-9074-1
ISSN: EISSN-
EISSN: N/A
Available Date: N/A
Young Adults' Financial Socialization Processes as Influences of Conceptualization and Understanding of Financial Well-Being and Choice in Relationship Commitment
Rea, Jennifer K.
ProQuest LLC, Ph.D. Dissertation, University of Minnesota
The two studies presented in this dissertation provide an understanding of young adults' perspective financial socialization processes and how the experiences influence a conceptualization of financial well-being and their choice of romantic relationship status (Study 1: N = 31, Study 2: N = 549). Study 1 has adapted Gudmunson and Danes' (2011) Family Financial Socialization theory as a framework for organizing young adults' (ages 20-23 years) personal reflections of how they conceptualized financial well-being. All interviews in Study 1 were coded and analyzed following Gilgun and colleagues' (1992) pattern matching approach of analytical induction. Study findings suggested that parents and families have contributed to young adults' financial well-being through financial socialization. Study 2 was guided by Deacon and Firebaugh's (1988) Family Resource Management theory to examine how the combination of financial resources, financial management, and self-actualizing personal values influence young adults' (ages 23-26 years) choice of relationship structure. Findings revealed that focusing on individual financial literacy and capability may not be enough to prepare young adults to be financially capable in a committed relationship. These studies suggest that familial socialization agents (e.g., parents, romantic partners) and social norms influenced young adults' well-being (i.e., financial well-being) and their future life decisions (i.e., choice of committed relationship structure). [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com.bibliotheek.ehb.be/en-US/products/dissertations/individuals.shtml.]
Descriptors: Socialization, Money Management, Well Being, Interviews, Intimacy, Young Adults, Parent Role, Family Role, Self Actualization, Values, Interpersonal Relationship, Decision Making, Futures (of Society)
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Publication Type: Dissertations/Theses - Doctoral Dissertations
Education Level: N/A
Audience: N/A
Language: English
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