A Review of Family Financial Communication

Romo, Lynsey K.

doi:10.1002/9781119240822.ch35

Cited by 4 publications

(2 citation statements)

References 41 publications

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“…Parents in our study expressed beliefs about hierarchical levels for distinct types of communications about finance: communications about sensitive financial information should remain at the parent level, and communications about responsible financial behaviors should occur between levels to benefit the child later in life. Our findings are consistent with prior studies about parents as role models of financial attitudes and behaviors, 25,26 and that parents are more likely to talk about sensitive financial topics like income or debts when they perceive greater benefits than risks, 27,28 and when doing so is culturally acceptable 29 …”

Section: Discussionsupporting

confidence: 91%

He knew more than we wanted him to know: Parent perceptions about their children's sense of pediatric cancer‐related financial problems

Santacroce

Killela

Kamkhoad

et al. 2021

Pediatric Blood & Cancer

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Background: Treatment for pediatric cancer generates costs that place sizeable demands on family finances relative to household income. Little is known about whether children sense that their cancer has created financial problems for the family. The study purpose was to describe parents' perceptions about whether their child sensed that pediatric cancer created financial problems for their family.Procedure: Family Communications Theory informed our study. We used descriptive statistics and content analysis to examine parents' (n = 417) responses to questions about the child's sense of pediatric cancer-related financial problems from a larger survey study.Results: Approximately 56.2% of parents indicated that their child had no sense of the pediatric cancer-related financial problems and 44.1% indicated their child had some. Proportions of children perceived to sense these financial problems steadily increased with age grouping, while proportions perceived to have none declined. With content analysis, we identified cognitive capacity as the key child factor influencing children's sense of these problems. Influential context factors included social norms, observed changes in family routines and spending patterns, and overheard conversations between adults. Child psychological outcomes included guilt, anxiety about money, and feelings of being a burden. Conclusion:Pediatric oncology professionals and staff should be mindful of parent preferences about burdening children with sensitive financial information, and modify their behaviors and processes accordingly. They can also provide anticipatory guidance and psycho-education about psychological responses related to the effects of pediatric cancer on family finances and the role of cognitive development in the evolution of children's awareness of those effects.

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Section: Discussionsupporting

confidence: 91%

He knew more than we wanted him to know: Parent perceptions about their children's sense of pediatric cancer‐related financial problems

Santacroce

Killela

Kamkhoad

et al. 2021

Pediatric Blood & Cancer

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show abstract

“…Since the 1980s, developed countries have experienced a period of unusually active household financial behavior. Both the scale of household investment and the debt have increased dramatically, which has attracted extensive attention of scholars [1] [2]. Especially since Campbell, president of the American Financial Society, delivered a keynote speech at the AFA annual meeting in 2006, household finance has gradually become an important research field and focus of emerging finance [3].…”

Section: Introductionmentioning

confidence: 99%

Modeling of Household Financial Behavior Types in China Based on Complex Network Theory

Liu¹,

Li²,

Zhao³

et al. 2019

Proceedings of the 2019 International Conference on Modeling, Simulation, Optimization and Numerical Techniques (SMONT 2019)

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From the perspective of complexity science, the influencing factors of household financial behavior in China are presented, then the current situation and development characteristics of household financial behavior also given. The complexity characteristics of household financial behavior in China, such as openness, dynamics, non-periodicity and selforganizing criticality are probed. By using the method of fuzzy clustering and random forest algorithm model, the types of household financial behavior in China are classified and an empirical simulation analysis is made. The simulation results show the validity and accuracy of the model.

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Difficult Family Conversations

2019

Communication in Family Contexts

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A Review of Family Financial Communication

Cited by 4 publications

References 41 publications

He knew more than we wanted him to know: Parent perceptions about their children's sense of pediatric cancer‐related financial problems

He knew more than we wanted him to know: Parent perceptions about their children's sense of pediatric cancer‐related financial problems

Modeling of Household Financial Behavior Types in China Based on Complex Network Theory

Difficult Family Conversations

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