Parents’ Perceived Financial Behaviors Impact on College Students’ Financial Behaviors

  • Naomi Saxon

Student thesis: Master's ThesisMaster of Science (MS)

Abstract

The purpose of this study was to explore the relationship between traditional-aged college students and their parents perceived financial behaviors. It utilized Dew and Xiao’s Financial Management Behavior Scale (FMBS) (2011). Past research indicated that there is a positive impact between a parent’s involvement in students’ academic endeavors, however little research explored the relationship between their impact on a young adults’ financial behaviors. Students’ were asked a series of questions from the FMBS rating their actual financial behaviors. These results were compared to their perception of their parent’s financial behaviors in the following categories: money management, credit management, savings management, insurance management, and their overall financial management. Results indicate no significance in overall student financial scores compared to perceived parent behaviors, however, further analysis suggests a relationship between specific financial behaviors. Additional findings, discussion, and recommendations are included in chapter five.
Date of Award2020
Original languageAmerican English
Awarding Institution
  • Eastern Illinois University
SupervisorEric S. Davidson (Supervisor)

ASJC Scopus Subject Areas

  • Education

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