Financial behaviors, financial satisfaction, and goal attainment among college-educated young adults: A mediating analysis with latent change scores

IF 1.7 3区心理学 Q3 PSYCHOLOGY, DEVELOPMENTAL

Applied Developmental Science Pub Date : 2021-09-23 DOI:10.1080/10888691.2021.1976182

Xiaomin Li, Melissa A. Curran, Joyce Serido, Ashley B. LeBaron‐Black, Soyeon Shim, Nan Zhou

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引用次数: 3

Abstract

Abstract The aim of the study is to investigate how 2,084 U.S. college-educated young adults (61.9% female, and 69.5% non-Hispanic White) navigated the goal attainment process during the transition to adulthood. Using four-wave data collected across eight years, we examined how financial behaviors (self-regulating behaviors) predicted both depressive symptoms (affective goal attainment evaluations) and financial obstacles to goal attainment (cognitive goal attainment evaluations) via financial satisfaction (resources). Given the variability in developmental trajectories (i.e., initial levels and rates of over-time changes) among young adults, we conducted an exploratory mediational analysis with Latent Change Scores. The results revealed indirect-only mediation patterns, and 8 of 16 (50%) indirect effects via financial satisfaction were statistically significant. Collectively, we identified the salient roles of financial behaviors and financial satisfaction among young adults who pursued and attained life goals amid the financial difficulties during the 2007–2009 Great Recession. Our findings should be informative for promoting desired development among the current generation of young adults who were pursuing goals during the financial recession, primarily by indicating the necessity in implementing financial education and providing financial resources for young adults.

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受过大学教育的年轻人的财务行为、财务满意度和目标达成：一项具有潜在变化分数的中介分析

摘要本研究的目的是调查2084 美国受过大学教育的年轻人（61.9%为女性，69.5%为非西班牙裔白人）在向成年过渡的过程中完成了目标实现过程。使用八年来收集的四波数据，我们研究了财务行为（自我调节行为）如何通过财务满意度（资源）预测抑郁症状（情感目标实现评估）和实现目标的财务障碍（认知目标实现评估。考虑到年轻人发育轨迹的可变性（即随时间变化的初始水平和速率），我们用潜在变化分数进行了探索性中介分析。结果显示，只有间接中介模式，通过财务满意度产生的16种间接影响中有8种（50%）具有统计学意义。总之，我们确定了在2007-2009年大衰退期间，在经济困难中追求并实现生活目标的年轻人的财务行为和财务满意度的显著作用。我们的研究结果应该有助于促进在金融衰退期间追求目标的当代年轻人的预期发展，主要是通过表明实施金融教育和为年轻人提供财政资源的必要性。

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来源期刊

Applied Developmental Science PSYCHOLOGY, DEVELOPMENTAL-

CiteScore

12.00

自引率

2.60%

发文量

期刊介绍： The focus of this multidisciplinary journal is the synthesis of research and application to promote positive development across the life span and across the globe. The journal publishes research that generates descriptive and explanatory knowledge about dynamic and reciprocal person-environment interactions essential to informed public dialogue, social policy, and preventive and development optimizing interventions. This includes research relevant to the development of individuals and social systems across the life span -- including the wide range of familial, biological, societal, cultural, physical, ecological, political and historical settings of human development.