Buy Now, Pay Later: Family Communication Patterns Theory, Parental Financial Support, and Emerging Adults’ Openness about Credit Card Behaviors

Financial Socialization of College Students: Domain-General and Domain-Specific Perspectives

“…Similarly, conformity-oriented family communication pattern attenuated the association between perceptions of parents' financial behaviors and college students' financial attitudes. This is consistent with research demonstrating positive association between family communication pattern and college students' openness about their credit card usage (Thorson and Horstman 2014). The models were tested using mother's financial behaviors for the variable "parents' financial behavior" in the current study because mostly parents spend more time with children from the early age, and have more opportunities to be modeled from them about economic concepts.…”

“…However, one study examined the associations between family communication pattern and college students' willingness to discuss their credit card behaviors with their parents. College students who perceived their family as high in conversation orientation were more open in their communication with their parents about their credit card behaviors, whereas college students whose families had a more conformity-oriented communication pattern were less so (Thorson and Horstman 2014). Although family communication pattern has been associated with more open communication with parents about their financial behavior, it is important to understand how family communication pattern may influence college students' financial attitudes, which have been associated with financial behaviors (Jorgensen and Salva 2010;Shim et al 2010).…”

Implicit Family Financial Socialization and Emerging Adults’ Financial Well-Being: A Multi-Informant Approach

“…Parents continue to socialize children in this developmental stage, adjusting their socialization efforts to balance their emerging adults’ needs for autonomy and dependence. Since the development of FSTT (Gudmunson & Danes, 2011), several studies investigating financial socialization in emerging adulthood have been published (Jorgensen et al, 2017; LeBaron, Hill, Rosa, & Marks, 2018a; LeBaron et al, 2018b; Serido et al, 2010; Shim et al, 2010; Solheim, Zuiker, & Levchenko, 2011; Thorson & Kranstuber Horstman, 2014). Most of those studies have focused on the influence of purposive socialization factors, mainly parent–child communication about money (Jorgensen et al, 2017; Serido et al, 2010; Shim et al, 2010; Solheim et al, 2011; Thorson & Kranstuber Horstman, 2014).…”

Family Communication Patterns, Inoculation Theory, and Adolescent Substance‐Abuse Prevention: Harnessing Post‐Inoculation Talk and Family Communication Environments to Spread Positive Influence

“…A meta-analysis (Schrodt, Witt, & Messersmith, 2008) identified several predicted outcomes associated with FCPs, including information processing (e.g., cognitive complexity and flexibility, message persuasiveness, family health rules), behavioral (e.g., conflict styles and behaviors, discussions about and consumption of alcohol, aggression), and psychosocial (e.g., physical and mental health, anxiety and depression, self-esteem, communication apprehension). Other research examines FCPs and parent confirmation and affection (Schrodt, Ledbetter, & Ohrt, 2007), verbal aggressiveness (Schrodt & Carr, 2012), conflict avoidance (Koerner & Fitzpatrick, 1997), parent-child discussions on credit-card behaviors (Thorson & Kranstuber Horstman, 2014), and a willingness to talk about organ donation (Scott & Quick, 2012).…”