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Financial Attitudes and Responsible Spending Behavior of Emerging Adults: Does Geographic Location Matter?


  • Bryce L. Jorgensen

    () (New Mexico State University
    Virginia Tech)

  • Diane Foster

    (East Carolina University
    University of North Carolina)

  • Jakob F. Jensen

    (East Carolina University
    Auburn University)

  • Elisabete Vieira

    (University of Aveiro
    ISCTE Instituto Universitário de Lisboa)


Abstract The current study examined the role of geographic location on financial achievement attitudes, financial power attitudes, and responsible spending behaviors of emerging adults from a family financial socialization model perspective. Using data from the Emerging Adult Financial Capability Study (EAFCS), the sample consisted of emerging adult college students (N = 2847) from three unique regions in the United States as well as students from Portugal. Hierarchical linear regression and ANOVA models were used to examine the patterns of similarities and differences among regions according to the family financial socialization model. Results suggest that financial achievement attitudes, financial power attitudes, and responsible spending behaviors differ across locations. Results also revealed that greater financial achievement attitudes and power attitudes were associated with fewer responsible spending behaviors. Results did not indicate that geographic location moderated the link between financial achievement attitudes or power attitudes and spending behaviors. The results suggest that financial education be adapted and conducted in a way that targets particular financial attitudes specific to each distinct region.

Suggested Citation

  • Bryce L. Jorgensen & Diane Foster & Jakob F. Jensen & Elisabete Vieira, 2017. "Financial Attitudes and Responsible Spending Behavior of Emerging Adults: Does Geographic Location Matter?," Journal of Family and Economic Issues, Springer, vol. 38(1), pages 70-83, March.
  • Handle: RePEc:kap:jfamec:v:38:y:2017:i:1:d:10.1007_s10834-016-9512-5
    DOI: 10.1007/s10834-016-9512-5

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    References listed on IDEAS

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