A conceptual study on the impact of parental influence in improving financial literacy of university students

Gianina Putri, Raden Aswin Rahadi, Adhya Rare Tiara

Research output: Contribution to journalArticlepeer-review

16 Downloads (Pure)

Abstract

Financial independence usually begins when someone starts attending university because at that time parents usually give authority to their children to manage their own finances. Financial literacy is one of the competences which people really need in current times to make various financial decisions. Parents become very critical agents in the development of children's financial literacy level and it is proven that there is a relationship between financial literacy and parental financial socialization. According to this study the factors that influence the success of parental socialization in increasing children's financial literacy are parents' experience, role modeling, financial communication, money allowance, and financial monitoring.
Original languageEnglish
Pages (from-to)12-20
Number of pages8
JournalAsia Pacific Journal of Social Science Research
Volume5
Issue number1
DOIs
Publication statusPublished - 3 Apr 2020
Externally publishedYes

Bibliographical note

Asia Pacific Journal of Social Science Research (APJSSR) allows the author(s) to hold the copyright without restrictions and will retain publishing rights without restrictions. All the research works published on this journal are meeting the Open Access Publishing requirements and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes. CC BY-SA

Keywords

  • financial literacy
  • financial socialization
  • conceptual study
  • parents
  • university students

Fingerprint

Dive into the research topics of 'A conceptual study on the impact of parental influence in improving financial literacy of university students'. Together they form a unique fingerprint.

Cite this