Financial Literacy of Young Adults: The Importance of Parental Socialization. - 1 views
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Matthew B on 19 Nov 10Jorgensen, Bryce L., and Jyoti Savla. "Financial Literacy of Young Adults: The Importance of Parental Socialization." Family Relations 59.4 (2010): 465-478. Academic Search Complete. EBSCO. Web. 18 Nov. 2010. The article is in short summarized by the title. The article suggests that young adults who have a strong family background, and have received financial knowledge from either their parents, or a close mentor, will do much better with managing their finances. The journal's main emphasis was to show which parts of financial literacy was influenced by these standards. Although most students financial knowledge was no greater then the next, most that came from a strong family background had higher financial behavior and financial attitude.