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

被引：0

作者：

Kimberly Watkins

Megan McCoy

Kenneth White

Miranda Reiter

Yingyi Liu

机构：

[1] University of Georgia,Department of Financial Planning, Housing, and Consumer Economics

[2] Kansas State University,Institute of Personal Financial Planning

[3] University of Arizona,Department of Personal and Family Financial Planning

[4] Texas Tech University,School of Personal Financial Planning

来源：

Journal of Family and Economic Issues | 2024年 / 45卷

关键词：

College students; Financial planning; Financial stress; Qualitative research; Socialization;

D O I：

暂无

中图分类号：

学科分类号：

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：10