Emerging Adults’ Financial Well-being: A Scoping Review

Sorgente, Angela; Lanz, Margherita

doi:10.1007/s40894-016-0052-x

Cited by 97 publications

(144 citation statements)

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“…In this study, financial well‐being is defined as a subjective assessment of financial well‐being, specifically “an expectation of future financial security” (Netemeyer et al, 2017). Researchers concur that financial well‐being has a subjective and objective side (Netemeyer et al, 2017; Sorgente & Lanz, 2017; Sorgente & Lanz, 2019; Xiao & O'Neill, 2018). Objective financial well‐being reflects material possessions such as income, savings and so forth, whereas the subjective side is individual's self‐assessment of financial situation (Netemeyer et al, 2017; Sorgente & Lanz, 2017).…”

Section: Introductionmentioning

confidence: 99%

“…An increasing number of young adults aged between 18 and 29 years are experiencing financial difficulties (Brüggen, Hogreve, Holmlund, Kabadayi, & Löfgren, 2017; Williams & Oumlil, 2015). This may be attributed to their phase of transition from financial dependence to financial independence (Gutter & Copur, 2011; Mimura, Koonce, Plunkett, & Pleskus, 2015; Sorgente & Lanz, 2017). Another factor can be the increasing student debt (Brüggen et al, 2017; Elliott & Lewis 2015; Insler, 2018; Shim et al, 2009; Williams & Oumlil, 2015).…”

Section: Introductionmentioning

confidence: 99%

“…Moreover, young adults are vulnerable consumers, who lack sufficient knowledge to make critical financial decisions (Lusardi, Mitchell, & Curto, 2010; O'Connor et al, 2019; Williams & Oumlil, 2015). Therefore, studying the financial well‐being of young adults, understanding the causes that hinder their well‐being and proposing possible solutions is crucial (Sorgente & Lanz, 2017). The literature focusing on the financial well‐being of university and college students is gaining research attention (Lanz, Sorgente, & Danes, 2019; Marchant & Harrison, 2019; Vosylis & Erentaitė, 2019; Watson, Barber, & Dziurawiec, 2015).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Catch them young: Impact of financial socialization, financial literacy and attitude towards money on financial well‐being of young adults

Utkarsh

Pandey

Ashta

et al. 2020

Int J Consumer Studies

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Financial well-being has recently gained prominence in the academic and public policy domains. A report by the Consumer Financial Protection Bureau (CFPB, 2015) emphasized that financial well-being must be the objective of financial literacy (Netemeyer, Warmath, Fernandes, & Lynch, 2017). The significance of financial well-being is not limited to personal financial success; it also promotes the work productivity and overall well-being of individuals; and the development of a healthy economy, overall (Diener, 2000; Netemeyer et al., 2017). Conversely, low levels of financial well-being create a vicious cycle of stress, thus, further hampering personal and societal growth

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Catch them young: Impact of financial socialization, financial literacy and attitude towards money on financial well‐being of young adults

Utkarsh

Pandey

Ashta

et al. 2020

Int J Consumer Studies

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“…Banking and savings Angulo-Ruiz and Pergelova (2015) Adolescents & young adults * Elliott (2012) Adolescents & young adults Friedline, Elliott and Nam (2011) Adolescents & young adults Friedline (2012) Adolescents Kim, LaTaillade and Kim (2011) Adolescents Kim, Kim and Moon (2016) Adolescents & young adults Loke, Choi and Libby (2015) Adolescents *Otto (2013 Ribar (2012) Adolescents & young adults Harding and Szukalska (2000) Adolescents Mallett, Rosenthal and Keys (2005) Adolescents & young adults * McNamara (2015) Adolescents & young adults Ralston et al (2017) Adolescents Ribar (2015) Young adults Ribar (2012) Adolescents & young adults Lundberg, Romich and Tsang (2009) Adolescents Ribar (2015) Young adults Superannuation Ali et al (2015) Young adults Parrish and Delpachitra (2012) Young adults Financial satisfaction and anxiety Kim, LaTaillade and Kim (2011) Adolescents Ribar (2015) Young adults Ryan (2014) Young adults Shim et al (2009) Young adults Financial wellbeing Shim et al (2009) Young adults * Sorgente and Lanz (2017) Young adults…”

Section: Financial Outcome Study Subjectsmentioning

confidence: 99%

“…Shim et al (2009) estimate a comprehensive structural equations model of the contextual and behavioural determinants of young adults' financial wellbeing and of the effect of financial wellbeing on other domains of wellbeing. Sorgente and Lanz (2017) summarise results from other studies that have examined young adults' financial wellbeing.…”

Section: Financial Wellbeingmentioning

confidence: 99%

Financial Outcomes in Adolescence and Early Adulthood in Australian Longitudinal Data

Haisken‐DeNew¹,

Ribar²,

Ryan³

et al. 2020

Australian Economic Review

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This article describes and catalogues person‐specific measures of financial outcomes that are available for adolescents and young adults in three large longitudinal Australian surveys: the Longitudinal Surveys of Australian Youth, the Longitudinal Study of Australian Children, and the Household, Income and Labour Dynamics in Australia Survey. It summarises international research that has been conducted on young people's financial outcomes, illustrating outcomes that have been investigated, research questions that have been asked, and distinctions that have been drawn between adolescents and young adults. It considers the strengths and weaknesses of the three surveys for extending this research into the Australian context.

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