{"title":"Children’s saving: A review and proposed ecological framework","authors":"","doi":"10.1016/j.dr.2024.101163","DOIUrl":null,"url":null,"abstract":"<div><div>Saving, defined as <em>reserving current resources for future use</em>, is a valuable future-oriented skill that allows individuals to meet their future goals (e.g., retire, go on vacation) without experiencing resource scarcity, disappointment, or distress. To date, saving has been examined extensively in adults, but to a lesser extent in childhood. Over the past decade, a small but growing body of research has focused on the early development of saving and has shown that children as young as age 3 can save for the future. In this paper, we review the literature on individual differences in children’s saving in relation to cognitive abilities, personality traits, and social environments (e.g., home environment and societal factors). Then, we propose an ecological framework of saving as a theoretical ground to examine children’s ability to save and to conceptualize how various factors, and their interactions, shape the development of saving and lead to (mal)adaptive saving habits. We conclude by suggesting important future directions for research that would further test this ecological framework.</div></div>","PeriodicalId":48214,"journal":{"name":"Developmental Review","volume":null,"pages":null},"PeriodicalIF":5.7000,"publicationDate":"2024-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Developmental Review","FirstCategoryId":"102","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0273229724000479","RegionNum":1,"RegionCategory":"心理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"PSYCHOLOGY, DEVELOPMENTAL","Score":null,"Total":0}
引用次数: 0
Abstract
Saving, defined as reserving current resources for future use, is a valuable future-oriented skill that allows individuals to meet their future goals (e.g., retire, go on vacation) without experiencing resource scarcity, disappointment, or distress. To date, saving has been examined extensively in adults, but to a lesser extent in childhood. Over the past decade, a small but growing body of research has focused on the early development of saving and has shown that children as young as age 3 can save for the future. In this paper, we review the literature on individual differences in children’s saving in relation to cognitive abilities, personality traits, and social environments (e.g., home environment and societal factors). Then, we propose an ecological framework of saving as a theoretical ground to examine children’s ability to save and to conceptualize how various factors, and their interactions, shape the development of saving and lead to (mal)adaptive saving habits. We conclude by suggesting important future directions for research that would further test this ecological framework.
期刊介绍:
Presenting research that bears on important conceptual issues in developmental psychology, Developmental Review: Perspectives in Behavior and Cognition provides child and developmental, child clinical, and educational psychologists with authoritative articles that reflect current thinking and cover significant scientific developments. The journal emphasizes human developmental processes and gives particular attention to issues relevant to child developmental psychology. The research concerns issues with important implications for the fields of pediatrics, psychiatry, and education, and increases the understanding of socialization processes.