Business
Parents' financial socialization or socioeconomic characteristics: which has more influence on Gen-Z's financial wellbeing?
K. A. Ghafoor and M. Akhtar
This research by Khalid Abdul Ghafoor and Muhammad Akhtar delves into how parental influences shape financial wellbeing among Gen-Z. It reveals that diverse financial socialization strategies are employed, particularly emphasizing the greater teaching role towards daughters. Furthermore, a notable finding is that fathers' education levels can negatively impact their children's financial attitudes. This study highlights the critical function of family in financial education.
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