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Becoming Financially Self-Sufficient: Developing a Need-Supportive and Need-Thwarting Scale for Financial Parenting of Emerging Adults
Type of publication
Straipsnis Web of Science ir Scopus duomenų bazėje / Article in Web of Science and Scopus database (S1)
Author(s)
Sorgente, Angela | Università Cattolica del Sacro Cuore |
Serido, Joyce | University of Minnesota |
Lanz, Margherita | Università Cattolica del Sacro Cuore |
Title
Becoming Financially Self-Sufficient: Developing a Need-Supportive and Need-Thwarting Scale for Financial Parenting of Emerging Adults
Publisher (trusted)
Taylor and Francis |
Date Issued
2022
Extent
p. 1-12
Is part of
Journal of Personality Assessment. Oxon : Taylor and Francis, 2022.
Field of Science
Abstract
The shift in the parent-child relationship during the transition to adulthood presumes that emerging adults progress toward financial self-sufficiency. Research indicates that financial parenting contributes to success in this transition, and these effects extend beyond the financial domain. Nevertheless, there is a lack of theory-based tools to measure relevant financial parenting aspects. By applying the six dimensions of interpersonal behaviors outlined in the Self-Determination Theory (SDT), the current study develops a scale targeting the interpersonal style of financial parenting. To validate the scale, it also tests seven preregistered hypotheses predicting internal structure and associations with relevant external variables in a sample of 600 emerging adults (Mage =24.94, SDage=3.03, range 19–29 years; 52.3% women). The sample, diverse in occupational status characteristics, was recruited from an online survey panel using the controlled quota sampling strategy. While study results provide modest evidence for a hypothesized six-factor structure and advocate instead for a more parsimonious two-dimensional one, results provide evidence for the new scale’s convergent, discriminant, criterion, and incremental validity. This is the first study that brings SDT into family financial socialization research and opens a new line of research on family financial socialization, achievement of financial self-sufficiency, and emerging adults’ wellbeing.
Is Referenced by
Type of document
type::text::journal::journal article::research article
ISSN (of the container)
0022-3891
1532-7752
WOS
000799554300001
SCOPUS
2-s2.0-85130944432
eLABa
130862901
Coverage Spatial
Jungtinė Karalystė / United Kingdom of Great Britain and Northern Ireland (GB)
Language
Anglų / English (en)
Bibliographic Details
55
Project(s)
Tampant finansiškai savarankišku: psichologinio augimo ir sąstingio veiksniai finansinės priklausomybės kontekste (LEAF) |
Funding(s)
Lietuvos mokslo taryba |
Access Rights
Apribota prieiga / Restricted Access
Journal | IF | AIF | AIF (min) | AIF (max) | Cat | AV | Year | Quartile |
---|---|---|---|---|---|---|---|---|
JOURNAL OF PERSONALITY ASSESSMENT | 3.72 | 4.171 | 3.861 | 4.48 | 2 | 0.875 | 2021 | Q2 |
Journal | IF | AIF | AIF (min) | AIF (max) | Cat | AV | Year | Quartile |
---|---|---|---|---|---|---|---|---|
JOURNAL OF PERSONALITY ASSESSMENT | 3.72 | 4.171 | 4.171 | 4.48 | 2 | 0.875 | 2021 | Q2 |
4.171 |
Journal | Cite Score | SNIP | SJR | Year | Quartile |
---|---|---|---|---|---|
Journal of Personality Assessment | 6.4 | 1.862 | 1.271 | 2022 | Q1 |