Financial literacy for community college students: exploring how consumer socialization influences learning in a financial literacy seminar.

ABSTRACT Financial literacy knowledge is limited among college students causing students to graduate with a lot of debts and make the wrong financial decisions. Financial literacy is necessary for young adults to set them up for success after graduation. This research aims to understand how communit...

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Online Access:http://hdl.handle.net/2047/D20316454
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Summary:ABSTRACT Financial literacy knowledge is limited among college students causing students to graduate with a lot of debts and make the wrong financial decisions. Financial literacy is necessary for young adults to set them up for success after graduation. This research aims to understand how community college students make sense of their learning at a financial literacy seminar through an Interpretative Phenomenological Analysis to emphasize the voice and lived-experiences of the participants. The consumer socialization theory is used to examine the way in which learning from parents, family members and others influence the students' experiences with personal finance knowledge. Key Words: Financial literacy, financial capability, financial well-being.