I wish: Multi-generational regrets and reflections on teaching children about money.
Financial socialization, Financial education, Parenting, Family finance, Millennials, Emerging adults, Qualitative
Millennials are struggling to meet current financial challenges. As we strive to improve financial capability in future generations, it is important that we look to the primary source of financial education: parents. This qualitative, multigenerational study explored what Millennials and their parents and grandparents (N = 153) wish they had been taught about finances by their parents, as well as what parents and grandparents wish they had taught their children. Thematic content coding of the interviews revealed three core “I Wish” themes: “Practical Knowledge,” “Financial Stewardship,” and “Open Communication.” These findings can assist researchers, family life educators, financial educators, parents, and future parents to enhance the financial education provided by parents in the home.
Original Publication Citation
LeBaron, A. B., Hill, E. J., Rosa, C. M., Spencer, T. J., Marks, L. D., & Powell, J. T. (2018). I wish: Multi-generational regrets and reflections on teaching children about money. Journal of Family and Economic Issues, 39(2), 220-232. doi:10.1007/s10834-017-9556-1
BYU ScholarsArchive Citation
LeBaron, Ashley Brooks; Marks, Loren D.; Hill, E. Jeffrey; Rosa, Christina M.; and Powell, Joshua T., "I wish: Multi-generational regrets and reflections on teaching children about money." (2017). All Faculty Publications. 2244.
Journal of Family and Economic Issues
Family, Home, and Social Sciences
© Springer Science+Business Media, LLC 2017