Title: Revaluing the Role of Parents as Financial Socialization Agents in Youth Financial Literacy Programs
Authors: Van Campenhout, Geert # ×
Issue Date: 2015
Publisher: American Council on Consumer Interests
Series Title: Journal of Consumer Affairs vol:49 issue:1 pages:186-222
Abstract: This paper reviews the role of parents in young people’s financial socialization process. Despite robust evidence illustrating the key role of parents in this process, parental involvement in financial education programs is not well-developed. Hence, this study advocates a revaluation of their role in such programs and shows how this fits in with the development of youth financial literacy programs that are more proactive and aimed at raising adaptable financial consumers. Guidelines are provided for the design of such proactive financial literacy programs, which take into account the role of parents in the financial socialization process. In addition, consequences for the role of teachers are discussed. In conclusion, a number of suggestions for future research are formulated that are necessary in order to develop more effective delivery methods and to increase the effectiveness of financial education programs.
ISSN: 0022-0078
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Finance, Accountancy & Tax, Campus Brussels (-)
Faculty of Economics and Business (FEB) - miscellaneous
× corresponding author
# (joint) last author

Files in This Item:
File Description Status SizeFormat
Revaluing the Role of Parents as Financial Social Agents in Youth Financial Literacy Programs_Post Print.pdf Published 368KbAdobe PDFView/Open Request a copy
Revaluing the Role of Parents- FINAL_Journal_of_Consumer_Affairs.pdf Published 558KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members


All items in Lirias are protected by copyright, with all rights reserved.

© Web of science