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Family and Consumer Sciences Research Journal
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The Acquisition of Family Financial Roles and Responsibilities

Maribeth C. Clarke

Brigham Young University

Martie B. Heaton

Brigham Young University

Craig L. Israelsen

Brigham Young University

Dennis L. Eggett

Brigham Young University

This study was designed to assess the modeling and teaching of adult financial roles to children and adolescents and the implementation of those roles in early adulthood. The study also assessed the impact of various demographic variables on financial role transfer. Young adults felt only adequately taught and moderately prepared to perform financial tasks. Financial role transfer is taking place most often from parents in the home, rather than sources outside the home. Financial tasks needed in teen years are modeled and taught more frequently and thoroughly in the home than the financial tasks needed in emerging adulthood. Fathers modeled financial tasks more frequently than mothers. When mothers modeled financial tasks and adolescents practiced those tasks, frequency of performance as young adults increased and they felt more financially prepared. Frequency of performance is also enhanced when financial tasks are considered the responsibility of the entire family while growing up.

Key Words: financial tasks • parental modeling • transference of financial tasks within families

Family and Consumer Sciences Research Journal, Vol. 33, No. 4, 321-340 (2005)
DOI: 10.1177/1077727X04274117


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