title: Factors associated with adolescent saving and spending patterns.
abstract: This study examined the saving and spending behaviors of 1,619 employed high school seniors from over 1,000 private and public schools across the United States. Students were categorized as savers, necessity spenders, and discretionary spenders based on their responses to the question, "How do you spend the money that you earn?" Associations of student spending and saving patterns with individual and family factors were analyzed. Student savers were from families who saved and planned money use. Students who spent more for necessities were from families with fewer resources and greater financial difficulties. Discretionary spenders felt that money was important and were from families with higher income and socioeconomic status. Findings are discussed in light of the importance of families as socializing agents of their children.
authors: Department of Human and Family Resources, Northern Illinois University, DeKalb 60115.
authors: M E
authors: ME
authors: Pritchard
authors: B K
authors: BK
authors: Myers
authors: D J
authors: DJ
authors: Cassidy
mesh_terms: D000293:Adolescent; D001290:Attitude; D005376:Financial Management; D006801:Humans; D007182:Income; D010553:Personality Development; D012951:Socialization; D012959:Socioeconomic Factors