Financial Attitudes and Family Communication About Students' Finances: The Role of Sex Differences

Renée Edwards · Myria Watkins Allen · Celia Ray Hayhoe

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Financial Literacy, Pension, Retirement Analysis Higher Education Research Studies Financial Literacy and Behavior

Abstract

Past research has shown that men value money more than do women and men are less dependent on their parents in financial matters. Men and women also display different patterns of communication, with women engaging in higher levels of self-disclosure. We examined these issues in the context of young college students communicating with parents about their financial situation by conducting a multistate survey (N = 1317). Results revealed women to be more open with their parents about financial matters even after controlling for financial dependence, which also was related to openness. Financial attitudes were related to family openness.

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References

2004Handbook of social psychology 2013Sex Differences in Social Behavior 1989Sex Differences in Social Behavior: A Social-Role Interpretation.1992Sex differences in self-disclosure: A meta-analysis.1997A Longitudinal Study of Marital Problems and Subsequent Divorce 2015Evolutionary Social Psychology 2002Communication, Conflict, and Commitment: Insights on the Foundations of Relationship Success from a National Survey 1984Many sides of the coin: The psychology of money usage

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