“Through Their Fingers Like Water”: How Community College Students View Family as Sources of Financial Education

IF 1 Q3 EDUCATION & EDUCATIONAL RESEARCH
Z. W. Taylor, Karen L. Serna, Linda Eguiluz, McKayla Marois
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Abstract

ABSTRACTAs community college students often come from lower socioeconomic backgrounds, report greater financial challenges, and experience higher cohort default rates on student loans compared to peers attending four-year institutions, it is important to understand how community college students develop a sense of financial wellness. Moreover, research has also found that community college students, many of them students of Color, rely heavily on family to persist toward graduation. As a result, this study analyzes qualitative data from 14 community college students who reported on whether they viewed their family as financial education resources and what specific lessons they learned from their family to improve their financial wellness. Results suggest many community college students may not have family with extensive experience in and knowledge of financial sectors (e.g., banking, finance, investment) and education concepts (e.g., savings accounts, building credit, budgeting), and therefore, have little financial education to impart. In addition, many community college students’ financial education was limited to knowledge of saving, with students rarely reporting their family imparting any education about many other finance concepts. Finally, community college students witnessed reverse role modeling when it came to money management from their parents, often teaching these students what not to do with their finances. Implications for community college research, policy, and practice are addressed.Plain Language SummaryThis study reported on how 14 community college students viewed their family/family members as sources of financial education. Findings suggest these students learn little, if anything, from their families to improve their financial wellness. Disclosure statementNo potential conflict of interest was reported by the author(s).
“通过他们的手指像水一样”:社区大学生如何看待家庭作为金融教育的来源
摘要与四年制大学的学生相比,社区大学生通常来自较低的社会经济背景,面临更大的财务挑战,并且经历更高的学生贷款违约率,因此了解社区大学生如何培养财务健康感非常重要。此外,研究还发现,社区大学的学生,其中许多是有色人种的学生,严重依赖家庭来坚持毕业。因此,本研究分析了来自14名社区大学生的定性数据,这些学生报告了他们是否将家庭视为财务教育资源,以及他们从家庭中学到了哪些具体的课程来改善他们的财务健康。结果表明,许多社区大学生可能没有在金融领域(如银行、金融、投资)和教育理念(如储蓄账户、建筑信贷、预算编制)有丰富经验和知识的家庭,因此,很少有金融教育可以传授。此外,许多社区大学生的金融教育仅限于储蓄知识,学生很少报告他们的家庭传授任何其他金融概念的教育。最后,社区大学的学生目睹了父母在理财方面的反向榜样,父母经常教导这些学生不要理财。对社区学院的研究、政策和实践的启示。本研究报告了14名社区大学生如何看待他们的家庭/家庭成员作为金融教育的来源。研究结果表明,这些学生几乎没有从他们的家庭那里学到什么来改善他们的财务状况。披露声明作者未报告潜在的利益冲突。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Community College Journal of Research and Practice
Community College Journal of Research and Practice EDUCATION & EDUCATIONAL RESEARCH-
CiteScore
2.20
自引率
20.00%
发文量
59
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