Description
Financial independence and financial well-being are primary goals for many emerging adults and are often viewed as markers of adulthood. However, many emerging adults throughout the world are struggling financially due to a complex economy and a lack of financial literacy. For example, in the United States more than half of emerging adults live with their parents out of financial necessity and student loan debt has reached unprecedented levels. These financial struggles can be detrimental to emerging adults' physical and mental health and are associated with delayed marriage and parenthood.Flourishing and Floundering Financially in Emerging Adulthood describes the financial floundering that can occur in emerging adulthood and illuminates research-based pathways to financial flourishing. The book features 20 chapters written by experts on various facets of emerging adults' financial literacy, financial considerations specific to emerging adulthood (e.g., college and student loans), the ways in which sociodemographic characteristics are linked to emerging adults' financial literacy, and ways to improve emerging adults' financial literacy. Based on reviewed research, each chapter includes practical tips and suggestions for practitioners and emerging adults to improve financial well-being at this critical life stage.
Table of Contents
Introduction to the HandbookPart 1: Emerging Adults' Financial LiteracyChapter 1: Models of Emerging Adults' Financial LiteracyChapter 2: Objective and Subjective Financial Knowledge Among Emerging AdultsChapter 3: Emerging Adults' Financial SkillsChapter 4: Emerging Adults' Financial AttitudesChapter 5: Financial Behavior among Emerging AdultsChapter 6: Emerging Adults' Financial Decisions: A Neurocognitive PerspectiveChapter 7: Emerging Adults' Financial Well-being: Conceptualization and MeasurementChapter 8: Emerging Adults' Financial Stress and Financial AnxietyPart 2: Financial Considerations in Emerging AdulthoodChapter 9: College and Student Loans in Emerging AdulthoodChapter 10: Career Considerations in Emerging AdulthoodChapter 11: Navigating Financial Self-Sufficiency: The Role of Parental Financial Support in Emerging Adults' Financial and General Well-Being and DevelopmentChapter 12: Emerging Adults' Financial IdentityChapter 13: Emerging Adults' Consumption and Borrowing BehaviorChapter 14: Finances and Romantic Relationships in Emerging AdulthoodPart 3: Socio-Demographic Characteristics and Emerging Adults' Financial LiteracyChapter 15: Socio-Economic Vulnerability of Emerging Adults in the United StatesChapter 16: Gender and Finances in Emerging Adulthood: Sex, Gender, and InequalitiesChapter 17: Cultural and Racial Considerations in Financial LiteracyPart 4: How to Improve Emerging Adults' Financial LiteracyChapter 18: Financial Socialization and Emerging Adults' Financial OutcomesChapter 19: Financial Education of Emerging AdultsChapter 20: Conclusion and Future Research DirectionsReferences
