Exploring the Role of Financial Socialization on Financial Planning Students' Financial and Career Confidence: A Thematic Analysis

被引：5

作者：

Watkins, Kimberly ^{[1
]}

McCoy, Megan ^{[2
]}

White, Kenneth ^{[3
]}

Reiter, Miranda ^{[4
]}

Liu, Yingyi ^{[1
]}

机构：

[1] Univ Georgia, Dept Financial Planning Housing & Consumer Econ, 205 Dawson Hall, 305 Sanford Dr, Athens, GA 30602 USA

[2] Kansas State Univ, Inst Personal Financial Planning, 343M Justin Hall, Manhattan, KS 66506 USA

[3] Univ Arizona, Dept Personal & Family Financial Planning, 650 N Pk Ave, Tucson, AZ 85721 USA

[4] Texas Tech Univ, Sch Personal Financial Planning, Box 41210, 1301 Akron Ave, HS 242, Lubbock, TX 79409 USA

来源：

JOURNAL OF FAMILY AND ECONOMIC ISSUES | 2024年 / 45卷 / 01期

关键词：

College students; Financial planning; Financial stress; Qualitative research; Socialization; LITERACY; ADULTS; GENDER; YOUNG;

D O I：

10.1007/s10834-023-09892-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In 2021, the Certified Financial Planner (CFP) Board expanded its Principal Knowledge Topics to include the domain Psychology of Financial Planning. This inclusion serves as an impetus for CFP Board Registered Programs to provide opportunities for students to explore their own attitudes and biases about money. However, little is written on how programs can aid students in this process of self-exploration. This paper introduces an experiential exercise to aid financial planning students in self-exploration. Using a thematic analysis, several themes emerged: (1) diversity in parental financial socialization, (2) anxiety about personal finances, and (3) use of technical knowledge to help loved ones. Additionally, women reported more traumatic money experiences, and men reported higher levels of career confidence. Implications can provide insights on how educational programs can aid financial planning students' understanding of their own money beliefs to better serve future clients in the client psychology competency areas.

引用

页码：106 / 116

页数：11

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