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dc.contributor.authorWatson, Stuart J
dc.contributor.authorBarber, Bonnie L
dc.description.abstractYoung adults’ perceptions are important indicators of adulthood, particularly perceived financial independence. Pathways chosen after high school present opportunities to develop a mature financial skillset, with some pathways more promotive of independence than others. Associations between parent and peer financial norms and young adults’ financial behavior were compared for Australian young adults who were studying and those who were working. Parental injunctive norms most strongly predicted students’ healthy financial behavior, whereas parental descriptive norms most strongly predicted employed young adults’ healthy financial behavior. Although peer descriptive norms predicted both groups’ financial behaviors, the role of parents was stronger overall. The findings demonstrate differences in financial socialization for young adults on different pathways after high school and account for delays in developing financial independence for some during young adulthood.
dc.relation.ispartofjournalJournal of Family and Economic Issues
dc.subject.fieldofresearchOther economics
dc.subject.fieldofresearchOther economics not elsewhere classified
dc.titleUniversity Attendance Moderates the Link between Financial Norms and Healthy Financial Behavior for Australian Young Adults
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Health, School of Applied Psychology
gro.description.notepublicThis publication has been entered into Griffith Research Online as an Advanced Online Version.
gro.hasfulltextNo Full Text
gro.griffith.authorBarber, Bonnie L.

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