Financial adaptation among college students: Helping students cope with financial strain

Joyce Serido, Soyeon Shim, Jing Jian Xiao, Chuanyi Tang, Noel A. Card

Research output: Contribution to journalArticlepeer-review

17 Scopus citations

Abstract

This study examines the impact of the recent financial crisis on co-occurring patterns of change in financial strain and financial coping behaviors of college students (N=748) using two timed, longitudinal data collected prior to the 2008 financial crisis and again one year later. Using a stress and coping framework, we found that different measures of perceived change in financial strain acted as antecedents of change in types of financial coping behaviors. We discuss the importance of these findings in developing the financial decision-making skills that young adults need in an era of increasing responsibility for their financial future.

Original languageEnglish (US)
Pages (from-to)310-316
Number of pages7
JournalJournal of College Student Development
Volume55
Issue number3
DOIs
StatePublished - Apr 2014

Fingerprint

Dive into the research topics of 'Financial adaptation among college students: Helping students cope with financial strain'. Together they form a unique fingerprint.

Cite this