Imagined interactions, family money management patterns and coalitions, and attitudes toward money and credit

This study explores the imagined interactions college students have with their parents about money and credit, their attitudes toward credit and money, the ways they say their parents deal with financial decisions, and the communication coalitions regarding finances they perceive existing within the...

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Bibliographic Details
Published in:Journal of family and economic issues 2007-03, Vol.28 (1), p.3-22
Main Authors: ALLEN, Myria Watkins, EDWARDS, Renee, HAYHOE, Celia Ray, LEACH, Lauren
Format: Article
Language:English
Subjects:
Alliances
Attitudes
Cancer
College students
Colleges & universities
Credit cards
Data analysis
Debt repayment
Family studies
Financial planning
Interpersonal communication
Literature reviews
Money and credit
Parent-child relations
Parents & parenting
Personal finance
Personal relationships
Sociology
Sociology of the family. Age groups
Students
Studies
U.S.A
Verbal communication
Young adults
Youth problems
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Summary:This study explores the imagined interactions college students have with their parents about money and credit, their attitudes toward credit and money, the ways they say their parents deal with financial decisions, and the communication coalitions regarding finances they perceive existing within their family. Students' imagined interaction pleasantness is greatest when parents jointly form a plan for paying off credit card debt and lowest when parents argue. When family coalitions exist, students report more frequent imagined interactions. Imagined interaction frequency and pleasantness are related to credit and money attitudes. [PUBLICATION ABSTRACT]
ISSN:1058-0476
1573-3475
DOI:10.1007/s10834-006-9048-1