Search results for "Savings account"

Economic socialization, saving and assets in European young adults

2013

We analyze the role economic socialization plays in the economic behavior and asset accumulation of young adults by parents using data from European young adults and teenagers. We study the role of four distinct strands of economic socialization (providing pocket money, jobs at home, work for others, and parental encouragement) using a Dutch sample of young adults (age 18–32, n = 392). Results show positive links between parental encouragement and ability to control spending, saving preferences, future orientation, conscientiousness, and saving. A sample of teenagers (age 14–15, n = 548) and their parents (256 mothers, 227 fathers) is drawn for a Norwegian study of economic socialization. A…