My thesis research focuses on the types of parent-child discussions revolving around money and the impact that these discussions could have on their financial wellbeing. I am hoping to learn more abou..
My thesis research focuses on the types of parent-child discussions revolving around money and the impact that these discussions could have on their financial wellbeing. I am hoping to learn more about how participants perceive the messages they received from their parents, and I will be analyzing how that perception correlates with their financial literacy. This image represents the lasting impact of the messages that parents discuss with their child, even after the transition to adult life. One might look in their wallet, or more broadly examine their overall financial state, and recall a time when they were positively or negatively impacted by an earlier conversation with their parents. To extend this representation, the phenomenon might occur if one is looking to purchase a new car. They may recall their mother’s helpful advice about debt, which could influence their financial wellbeing as an adult during this process.