Intergenerational model of financial satisfaction and parent-child financial relationshipZupančič, Maja (Avtor) Poredoš, Mojca (Avtor) Lep, Žan (Avtor) financial relationshipparent-childfinancial satisfactionintergenerational modelfinancial socializationfinancial managementThe study examined an intergenerational model offinancial socialization and its outcomesthat connects parents’and their children’s self-perceivedfinancial learning outcomes tosatisfaction withfinancial management and parent-childfinancial relationships. Theconceptual model was based on models offinancial socialization processes contributing tohealthyfinancial development of emerging adult students (Shim et al., 2010; Sirsch et al.,2020), but extended the links across two generations within the same family. Consideringperspectives of both generations in a single model, it was tested in a sample of 482 pairs ofSlovenianfirst-year university students and one of their parents. Structural equationmodeling revealed that parental healthyfinancial learning outcomes (knowledge, be-havioral control, behavior) shaped their children’s positivefinancial development (fi-nancial learning outcomes and satisfaction) and promoted the parents’satisfaction withfinancial management. In turn, both the students’and the parents’financial managementsatisfaction positively predicted a joint measure of satisfaction with parent-childfinancialrelationship. Similar links offinancial learning outcomes to satisfaction withfinancialmanagement and parent-childfinancial relationships were observed for both generations,even though parents and their children werefinancially socialized under different so-cioeconomic conditions.20232025-07-08 09:50:07Neznano22899sl