Parenting, Adolescents’ Future Orientation, and Adolescents’ Efficient Financial Behaviors in Young Adulthood

Abstract

The current study examined how parenting behaviors during adolescence would be related to adolescent children's financial efficiency in early adulthood. We also examined if there was a possible mediator o f this link. Data for this investigation (N = 1385) were drawn from the high school and young adult in the Michigan Study of Adolescent Life Transitions, 22-year 9-wave investigation. It was found that parenting behaviors including parental advice for children's future and parents' involvement in children's activities in middle adolescence (10 th grade) predicted children's future oriented attitudes in late adolescence (12 th grade), which in turn predicted efficient financial behaviors in their early adulthood (21 years old and 24 years old). Contribution, limitations and implication of the study were discussed.

Adolescent Positivity and Future Orientation, Parental Psychological Control, and Young Adult Internalising Behaviours during COVID-19 in Nine Countries

“…Recent research sup-ports the that parental focus on future can help buffer impact of negative life events across a variety of settings. In a longitudinal study with adolescents in the United States, for example, parental involvement in activities of middle adolescence and parental advice about the future predicted adolescent positive adjustment and occupational goals two years later (Lee and Yu 2017).…”

“What Do You Want You’re Future To Be?” Future Orientation Case Studies of Psychological Students

“…The greatest support in the home environment is parents, children can develop the ability to take initiatives, develop their abilities, make decisions and learn to be accountable [8]. Future orientation has a positive relationship with parents [6]. As has been documented in several studies that various protective parenting styles such as parental support, family discussions, parental involvement, authoritative parenting and openness affect children's future orientation.…”

“…As has been documented in several studies that various protective parenting styles such as parental support, family discussions, parental involvement, authoritative parenting and openness affect children's future orientation. [6]. With the initial capital, namely the freedom of choice given by his parents, subject S can explore and find his own interests and goals he wants to achieve in life.…”

“…One study showed that adolescents with a negative future orientation were more likely to engage in risk-taking behavior with little regard for the consequences. Conversely, those with a positive future orientation are less likely to take unnecessary risks or engage in risky behavior [6]. Because people who are oriented towards the future are less concerned with the present and more focused on what is coming, living in the present is contrary to their way of thinking [6].…”

“…Conversely, those with a positive future orientation are less likely to take unnecessary risks or engage in risky behavior [6]. Because people who are oriented towards the future are less concerned with the present and more focused on what is coming, living in the present is contrary to their way of thinking [6]. Poole et all revealed that early-level students enter the late adolescent stage, which is around 17-20 years where they can be future-oriented, the decisions made by adolescents begin to pay attention to the future such as work, education and family building [7].…”