Financial Assistance Patterns from Midlife Parents to Adult Children: A Test of the Cumulative Advantage Hypothesis

Padgett, Caroliniana S.; Remle, R. Corey

doi:10.1007/s10834-015-9461-4

Cited by 13 publications

(15 citation statements)

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“…Those in the top income quartile receive nearly three times as much as those from the bottom quartile (Schoeni and Ross 2005). Such financial assistance has the potential to perpetuate inequality and cumulative advantage, as young people with more advantaged parents receive more money (Fingerman et al 2015; Padget and Remle 2015; Siennick 2011). …”

Section: Introductionmentioning

confidence: 99%

“…Women’s earlier transition into the adult family roles of marriage and parenting reduces the likelihood of co-residence and intergenerational exchanges (Oesterle et al 2010; Sarkisian and Gerstel 2008; Swartz et al 2011). One study finds that daughters are more likely to receive money (Padget and Remle 2015), but another reports no gender differences (Suitor et al 2006). …”

Section: Introductionmentioning

confidence: 99%

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Parental Assistance, Negative Life Events, and Attainment During the Transition to Adulthood

Swartz

McLaughlin

Mortimer

2016

The Sociological Quarterly

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Responding to the longer and more variable transition to adulthood, parents are stepping in to help their young adult children. Little is known, however, about the extent to which parental support promotes success, and whether parental support has different effects for young adult sons and daughters. Using longitudinal data from the Youth Development Study, we find that parental scaffolding assistance for educational expenses predicts college graduation for both men and women. Negative life events experienced during the transition to adulthood are associated with lower earnings by the early 30s, although there is some variation by type of event. More frequent parental support during times of need does not predict long-term economic attainment for sons or daughters.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Parental Assistance, Negative Life Events, and Attainment During the Transition to Adulthood

Swartz

McLaughlin

Mortimer

2016

The Sociological Quarterly

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“…This is an example of how an individual’s financial wellbeing can both impact their family relationships and affect the next generation’s financial wellbeing (e.g., intergenerational poverty; Harper et al 2003 ). Sometimes parents continue to provide financial support for their adult children, and while sometimes this continued support can engender a lack of financial independence (Xiao et al 2014 ), this support can also give adult children “cumulative advantages across time” (Padgett and Remle 2016 , p. 435). Padgett and Remle found that parental income is positively associated with financial support received by adult children, exemplifying how the cycle of intergenerational poverty can occur when parents are unable to give this support.…”

Section: Supporting Family Members Financiallymentioning

confidence: 99%

“…Sometimes this intrafamilial giving encourages financial dependency (Xiao et al 2014 ), and sometimes the money is squandered (e.g., half of all inherited money is spent or is lost in bad investments; Zagorsky 2013 ). Often, however, it is a way by which family members show their love and support of one another and promote one another’s wellbeing (e.g., Davies 2011 ; Padgett and Remle 2016 ; Thomas et al 2018 ).…”

Section: Supporting Family Members Financiallymentioning

confidence: 99%

Family Matters: Decade Review from Journal of Family and Economic Issues

2020

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This article reviews research regarding economic influences on a variety of family matters published in Journal of Family and Economic Issues from 2010 to 2019. As finances permeate nearly every facet of everyday life, scholarly research related to finances and family issues has spanned a wide array of topics. We briefly review research focused on the following 11 areas related to finances and family matters: (a) family formation decisions, (b) gender and relational power in family finances and relationships, (c) finances and fathers, (d) finances and mothers, (e) finances and parenting, (f) finances and elderly family members, (g) finances and couple relationships, (h) supporting family members financially, (i) how economic policy affects family, (j) economic roots of migration by family members, and (k) family financial socialization. As we enter a new decade, emphasis to directions for future research is given and integrated throughout. Recommendations specific to each of these topics are integrated into the discussion of the topic. Additional and more general recommendations for future research are offered as we conclude our review.

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“…Sociologists propose that social institutions and societal structures develop mechanisms that ensure increasing advantage for those who are well-resourced early in life and increasing disadvantage for those who struggle (Ferraro & Shippee, 2009). Researchers have applied these concepts to study racial health disparities across the life trajectory (Pais, 2014), financial assistance from midlife parents to adult children (Padgett & Remle, 2016), and evolving patterns of inequality among late-life adults (Crystal, Shea, & Reyes, 2017).…”

Section: Major Themes Of the Life Course Perspectivementioning

confidence: 99%

An Update on the Relevance of the Life Course Perspective for Social Work

Hutchison

2019

Families in Society: The Journal of Contemporary Social Service

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In recent years, the life course perspective has received increasing support from researchers across a number of behavioral science disciplines. The purpose of this article is to examine the relevance to social work of selected findings of the last 15 years of empirical investigation of life course concepts and themes. This discussion is organized around five basic concepts (cohorts, transitions, trajectories, life events, and turning points) and six interrelated themes (interplay of human lives and historical time, timing of lives, linked or interdependent lives, human agency in making choices, diversity in life course trajectories, and developmental risk and protection). Implications of life course theory and research for social work are overviewed.

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Financial Assistance Patterns from Midlife Parents to Adult Children: A Test of the Cumulative Advantage Hypothesis

Cited by 13 publications

References 60 publications

Parental Assistance, Negative Life Events, and Attainment During the Transition to Adulthood

Parental Assistance, Negative Life Events, and Attainment During the Transition to Adulthood

Family Matters: Decade Review from Journal of Family and Economic Issues

An Update on the Relevance of the Life Course Perspective for Social Work

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