This qualitative study explores financial behavior and expectations in families of origin in addition to youth financial education and savings behaviors. The authors interviewed 14 youths, aged 17 to 19 years, whose families had low incomes, education levels, and savings rates and who participated in a youth-based financial education and dedicated savings program and present key themes and subthemes that were revealed during data analysis. Findings suggest that, rather than replicating the behavior of their parents and experiencing the same financial struggles, the youths interviewed were motivated by a desire to avoid these challenges. However, youths in this study also noted that they experienced social and economic barriers that their higher income peers did not. Policy, practice, and research implications of these findings are discussed.
“It’s All About Security to Me”
Leah Hamilton,Marcia A Shobe,Yvette Murphy-Erby,Kameri Christy
Published 2012 in SAGE Open
ABSTRACT
PUBLICATION RECORD
- Publication year
2012
- Venue
SAGE Open
- Publication date
2012-10-01
- Fields of study
Sociology, Economics, Psychology
- Identifiers
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Semantic Scholar
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