Racial Differences in Financial Socialization and Financial Behaviors of US College Students

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Atıf İçin Kopyala

Gutter M. S., ÇOPUR Z., Blanco A.

GLOBAL STRATEGIES IN BANKING AND FINANCE, ss.272-292, 2014 (SSCI)

• Yayın Türü: Makale / Tam Makale
• Cilt numarası:
• Basım Tarihi: 2014
• Doi Numarası: 10.4018/978-1-4666-4635-3.ch018
• Dergi Adı: GLOBAL STRATEGIES IN BANKING AND FINANCE
• Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI)
• Sayfa Sayıları: ss.272-292
• Hacettepe Üniversitesi Adresli: Evet

Özet

This chapter focuses on the effect of race on financial socialization and financial behavior of college students. Data (N = 13,845) were collected from current college students age 18 and over via an online survey throughout the United States during spring and fall of 2008. Results from means comparisons showed significant differences on the financial socialization between Black and White college students. Logistic regression results suggest important relationship exist between race and financial behaviors. Black students were less likely to save and more likely to engage in risky credit card behavior than White students after controlling for the effects of all other variables.