Social Learning Opportunities and the Financial Behaviors of College Students

Gutter M., Garrison S., ÇOPUR Z.

FAMILY & CONSUMER SCIENCES RESEARCH JOURNAL, vol.38, no.4, pp.387-404, 2010 (ESCI) identifier identifier


This study explores the relationship between financial social learning opportunities and financial behaviors of college students. Data were collected from 15,797 college students age 18 and over throughout the United States during spring and fall semesters of 2008. Financial behaviors were related to age, race, marital status, school rank, income level, loan amount, and qualification for financial aid. Results suggest important relationships exist between financial behaviors and financial social learning opportunities. Students who budget and save tended to have higher scores on the social learning opportunities indices than those who do not budget and save. Financial behaviors were positively related to social learning opportunities when controlling for demographic and financial characteristics.