IDEAS home Printed from https://ideas.repec.org/a/rbs/ijbrss/v12y2023i7p292-302.html
   My bibliography  Save this article

Exploring the moderating role of parental income on the link between parental financial communication and financial literacy of young adults

Author

Listed:
  • Adam Ndou

    (Lecturer, Department of Finance, Risk Management and Banking, University of South Africa, Pretoria, South Africa)

Abstract

The moderating effect of parental income on parental financial communication and financial literacy is increasingly becoming important. The objective of this study was to determine whether the relationship between parental financial communication of young adults and their financial literacy is moderated by parental income. Financial literacy was measured through financial knowledge, financial behaviour, financial attitudes, and financial decision-making. Quantitative research approach was adopted for this study. Self-administered questionnaire was used to collect data among young adults in South Africa. Moderated regression analysis was used to analyse data. Four hypotheses were tested. The results showed that parental income moderated the relationship between parental financial communication with financial knowledge, financial behaviour, financial attitude, and financial decision-making. Therefore, the overall results indicated that the relationship between parental financial communication and financial literacy is moderated by parental income. This study is amongst the first to investigate whether the relationship between parental financial communication and financial literacy is moderated by parental income. This study concluded by providing recommendations and suggestions for future research. Key Words:Parents, Financial communication, Parental income, Financial literacy

Suggested Citation

  • Adam Ndou, 2023. "Exploring the moderating role of parental income on the link between parental financial communication and financial literacy of young adults," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 12(7), pages 292-302, October.
    • Handle: RePEc:rbs:ijbrss:v:12:y:2023:i:7:p:292-302
    DOI: 10.20525/ijrbs.v12i7.2677
    as

    Download full text from publisher

    File URL: https://ssbfnet.com/ojs/index.php/ijrbs/article/view/2677/2001
    Download Restriction: no
    File URL: https://doi.org/10.20525/ijrbs.v12i7.2677
    Download Restriction: no
    File URL: https://libkey.io/10.20525/ijrbs.v12i7.2677?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rbs:ijbrss:v:12:y:2023:i:7:p:292-302. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Umit Hacioglu (email available below). General contact details of provider: https://edirc.repec.org/data/ssbffea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.