Skip to main content
SpringerLink
Log in

Gender Differences in Financial Literacy and Financial Behaviour Among Young Adults: The Role of Parents and Information Seeking

  • Original Paper
  • Published:
Journal of Family and Economic Issues Aims and scope Submit manuscript

Abstract

This research aimed to examine the impact of gender on the mechanism that translates family financial socialisation to financial literacy and behaviour among Malaysian young adults and also to examine the role of financial information-seeking behaviour and its antecedents in this mechanism. A cross-sectional survey was undertaken. A total of 572 young Malaysian adults from four major universities participated in the study. The results revealed that both parents’ teaching and behaviour directly inform young adults’ financial behaviour. However, among females, parents’ teaching through planned behaviour drove their financial information-seeking behaviour, which in turn informed their financial literacy. Contrary to popular notions, financial literacy had no influence on financial behaviour. Moreover, a negative relationship between parental teaching and financial literacy among males was found.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2

Similar content being viewed by others

References

  • Abdullah, K., Noor, N. M., & Wok, S. (2008). The perceptions of women’s roles and progress: A study of Malay women. Social Indicators Research, 89(3), 439–455. https://doi.org/10.1007/s11205-008-9242-7.

    Article  Google Scholar 

  • Abell, L., & Brewer, G. (2014). Machiavellianism, self-monitoring, self-promotion and relational aggression on Facebook. Computers in Human Behavior, 36, 258–262. https://doi.org/10.1016/j.chb.2014.03.076.

    Article  Google Scholar 

  • Adams, T., & Moore, M. (2007). High-risk health and credit behavior among 18-to 25-year-old college students. Journal of American College Health, 56(2), 101–108. https://doi.org/10.3200/JACH.56.2.101-108.

    Article  Google Scholar 

  • Ahadzadeh, A. S., Pahlevan Sharif, S., & Sim Ong, F. (2018). Online health information seeking among women: the moderating role of health consciousness. Online Information Review, 42(1), 58–72. https://doi.org/10.1108/OIR-02-2016-0066.

    Article  Google Scholar 

  • Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T.

    Article  Google Scholar 

  • Ajzen, I. (2002a). Perceived behavioral control, self-efficacy, locus of control, and the theory of planned behavior. Journal of Applied Social Psychology, 32(4), 665–683. https://doi.org/10.1111/j.1559-1816.2002.tb00236.x.

    Article  Google Scholar 

  • Ajzen, I. (2002b). Residual effects of past on later behavior: Habituation and reasoned action perspectives. Personality and social psychology review, 6(2), 107–122.

    Google Scholar 

  • Ajzen, I., & Fishbein, M. (2005). The Influence of Attitudes on Behavior. In B. T. J. D. Albarracin & M. P. Zanna (Eds.), The handbook of attitudes (pp. 173–221). Mahwah, NJ: Erlbaum.

    Google Scholar 

  • Akben-Selcuk, E. (2015). Factors influencing college students’ financial behaviors in Turkey: Evidence from a national survey. International Journal of Economics and Finance, 7(6), 87. https://doi.org/10.5539/ijef.v7n6p87.

    Article  Google Scholar 

  • Akben-Selcuk, E., & Altiok-Yilmaz, A. (2014). Financial literacy among Turkish college students: The role of formal education, learning approaches, and parental teaching. Psychological Reports, 115(2), 351–371.

    Google Scholar 

  • Albeerdy, M. I., & Gharleghi, B. (2015). Determinants of the financial literacy among college students in Malaysia. International Journal of Business Administration, 6(3), 15–24. https://doi.org/10.5430/ijba.v6n3p15.

    Article  Google Scholar 

  • Allgood, S., & Walstad, W. B. (2016). The effects of perceived and actual financial literacy on financial behaviors. Economic Inquiry, 54(1), 675–697. https://doi.org/10.1111/ecin.12255.

    Article  Google Scholar 

  • Angulo-Ruiz, F., & Pergelova, A. (2015). An empowerment model of youth financial behavior. Journal of Consumer Affairs, 49(3), 550–575. https://doi.org/10.1111/joca.12086.

    Article  Google Scholar 

  • Anthes, W. L., & Most, B. W. (2000). Frozen in the headlights: The dynamics of women and money. Journal of Financial Planning, 13(9), 130.

    Google Scholar 

  • Ariffin, J. (1992). Women and development in Malaysia. Petaling Jaya: Pelanduk.

    Google Scholar 

  • Armitage, C. J., & Conner, M. (2001). Efficacy of the theory of planned behaviour: A meta-analytic review. British Journal of Social Psychology, 40(4), 471–499. https://doi.org/10.1348/014466601164939.

    Article  Google Scholar 

  • Beckmann, E. (2013). Financial literacy and household savings in Romania. Numeracy. https://doi.org/10.5038/1936-4660.6.2.9.

    Article  Google Scholar 

  • Carvalho, M., Sivanandam, H., Rahim, R., & Shagar, L. K. (2018). Almost 65k Malaysian Youth Declared Bankrupt Since 2013. https://www.thestar.com.my/news/nation/2018/08/15/almost-65k-malaysian-youth-declared-bankrupt-since-2013/#GwLkhWlL7HWm313f.99. Accessed 14 April 2019.

  • Chan, A. W. Y., Ko, E. H., Ho, E. M., Chiu, D. K., & Chan, E. Y. L. (2015). Information seeking behaviour and purchasing decision: case study in digital cameras. EAI Endorsed Transactions on Industrial Networks and Intelligent Systems. https://doi.org/10.4108/inis.2.3.e3.

    Article  Google Scholar 

  • Chen, H., & Volpe, R. P. (2002). Gender differences in personal financial literacy among college students. Financial Services Review, 11(3), 289–307.

    Google Scholar 

  • Clarke, M. C., Heaton, M. B., Israelsen, C. L., & Eggett, D. L. (2005). The acquisition of family financial roles and responsibilities. Family and Consumer Sciences Research Journal, 33(4), 321–340. https://doi.org/10.1177/1077727X04274117.

    Article  Google Scholar 

  • Collins, J. M., & O’rourke, C. M. (2010). Financial education and counseling—still holding promise. Journal of Consumer Affairs, 44(3), 483–498. https://doi.org/10.1111/j.1745-6606.2010.01179.x.

    Article  Google Scholar 

  • Cude, B., Lawrence, F., Lyons, A., Metzger, K., LeJeune, E., Marks, L., et al. (2006). College students and financial literacy: What they know and what we need to learn. Proceedings of the Eastern Family Economics and Resource Management Association, 102(9), 106–109.

    Google Scholar 

  • Danes, S. M. (1994). Parental perceptions of children’s financial socialization. Financial Counseling and Planning, 5(1), 27–146.

    Google Scholar 

  • Danes, S. M., & Haberman, H. (2007). Teen financial knowledge, self-efficacy, and behavior: A gendered view. Journal of financial counseling and planning, 18(2), 48–60.

    Google Scholar 

  • De Goede, I. H., Branje, S. J., & Meeus, W. H. (2009). Developmental changes in adolescents’ perceptions of relationships with their parents. Journal of Youth and Adolescence, 38(1), 75–88. https://doi.org/10.1007/s10964-008-9286-7.

    Article  Google Scholar 

  • Diana-Rose, F., & Zariyawati, M. (2015). Factors affecting youth bankruptcy in Malaysia. UPM–SAGE Publications Young Writer’s Award (pp. 18–34). Serdang, Selangor: Perpustakaan Sultan Abdul Samad, Universiti Putra Malaysia.

  • Eagly, A. H. (1987). Sex Differences in Social Behavior: A Social-role Interpretation. Hillsdale, NJ: Lawrence Erlbaum Associates.

    Google Scholar 

  • Edwards, R., Allen, M. W., & Hayhoe, C. R. (2007). Financial attitudes and family communication about students’ finances: The role of sex differences. Communication reports, 20(2), 90–100. https://doi.org/10.1080/08934210701643719.

    Article  Google Scholar 

  • Falahati, L., & Paim, L. (2011). Gender differences in financial well-being among college students. Australian Journal of Basic and Applied Sciences, 5(9), 1765–1776.

    Google Scholar 

  • Fernandes, D., Lynch, J. G., Jr., & Netemeyer, R. G. (2014). Financial literacy, financial education, and downstream financial behaviors. Management Science, 60(8), 1861–1883. https://doi.org/10.1287/mnsc.2013.1849.

    Article  Google Scholar 

  • Fisher, P. (2010). Gender differences in personal saving behaviors. Journal of Financial Counseling and Planning, 21(1), 14–24.

    Google Scholar 

  • Fonseca, R., Mullen, K. J., Zamarro, G., & Zissimopoulos, J. (2012). What explains the gender gap in financial literacy? The role of household decision making. Journal of Consumer Affairs, 46(1), 90–106. https://doi.org/10.1111/j.1745-6606.2011.01221.x.

    Article  Google Scholar 

  • Fox, J., & Bartholomae, S. (2008). Financial education and program evaluation. In J. J. Xiao (Ed.), Handbook of consumer finance research (pp. 47–68). New York: Springer.

    Google Scholar 

  • Ghaffour, P. E. A. R. (2017). Deputy Governor’s Address at the FOMCA Conference 2017-‘Towards an Effective Financial Education Strategy for Malaysia’ ‘Realising Financial Well-Being’. http://www.bnm.gov.my/index.php?ch=en_speech&pg=en_speech&ac=759&lang=bm. Accessed 14 April 2019.

  • Ghazali, M. S., Azer, I., Mohamad, S. A., Muhamad Arifin, N. A., & Mat, A. (2017). Personal financial literacy among high school students in Raub Pahang, Malaysia. Journal of Engineering and Applied Sciences, 12(7), 1830–1834.

    Google Scholar 

  • Griffin, R. J., Yang, Z., Boerner, F., Bourassa, S., Darrah, T., Knurek, S., et al. Applying an information seeking and processing model to a study of communication about energy. In Annual Convention of the Association for Education in Journalism and Mass Communication, San Antonio, TX, USA, 2005.

  • Griffin, R. J., Yang, Z., ter Huurne, E., Boerner, F., Ortiz, S., & Dunwoody, S. (2008). After the flood: Anger, attribution, and the seeking of information. Science Communication, 29(3), 285–315.

    Google Scholar 

  • Grinstein-Weiss, M., Spader, J., Yeo, Y. H., Taylor, A., & Freeze, E. B. (2011). Parental transfer of financial knowledge and later credit outcomes among low-and moderate-income homeowners. Children and Youth Services Review, 33(1), 78–85. https://doi.org/10.1016/j.childyouth.2010.08.015.

    Article  Google Scholar 

  • Gudmunson, C. G., & Danes, S. M. (2011). Family financial socialization: Theory and critical review. Journal of Family and Economic Issues, 32(4), 644–667. https://doi.org/10.1007/s10834-011-9275-y.

    Article  Google Scholar 

  • Gutter, M., & Copur, Z. (2011). Financial behaviors and financial well-being of college students: Evidence from a national survey. Journal of Family and Economic Issues, 32(4), 699–714. https://doi.org/10.1007/s10834-011-9255-2.

    Article  Google Scholar 

  • Halder, S., Roy, A., & Chakraborty, P. (2017). The influence of personality traits on information seeking behaviour of students. Malaysian Journal of Library & Information Science, 15(1), 41–53.

    Google Scholar 

  • Hancock, A. M., Jorgensen, B. L., & Swanson, M. S. (2013). College students and credit card use: The role of parents, work experience, financial knowledge, and credit card attitudes. Journal of Family and Economic Issues, 34(4), 369–381. https://doi.org/10.1007/s10834-012-9338-8.

    Article  Google Scholar 

  • Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education, and economic outcomes. Annual Review of Economics, 5(1), 347–373. https://doi.org/10.1146/annurev-economics-082312-125807.

    Article  Google Scholar 

  • Hayhoe, C. R., Leach, L. J., Turner, P. R., Bruin, M. J., & Lawrence, F. C. (2000). Differences in spending habits and credit use of college students. Journal of Consumer Affairs, 34(1), 113–133. https://doi.org/10.1111/j.1745-6606.2000.tb00087.x.

    Article  Google Scholar 

  • Hibbert, J., Beutler, I., & Martin, T. (2004). Financial prudence and next generation financial strain. Journal of financial counseling and planning, 15(2), 51–59.

    Google Scholar 

  • Hira, T. K. (2012). Promoting sustainable financial behaviour: implications for education and research. International Journal of Consumer Studies, 36(5), 502–507. https://doi.org/10.1111/j.1470-6431.2012.01115.x.

    Article  Google Scholar 

  • Huston, S. J. (2012). Financial literacy and the cost of borrowing. International Journal of Consumer Studies, 36(5), 566–572. https://doi.org/10.1111/j.1470-6431.2012.01122.x.

    Article  Google Scholar 

  • Ibrahim, D. I. D., Harun, R., & Isa, Z. M. (2010). A study on financial literacy of Malaysian degree students. Cross-cultural Communication, 5(4), 51–59.

    Google Scholar 

  • Idris, N. H., Yazid, Z. A., Faique, F. A., Daud, S., Ismail, S., Bakri, M. H., et al. (2016). Financial literacy and debt burden among Malay youth workers in Malaysia. Advanced Science Letters, 22(12), 4288–4292. https://doi.org/10.1166/asl.2016.8130.

    Article  Google Scholar 

  • Jamaludin, N., & Gerrans, P. (2015). Retirement savings investment decisions: Evidence from Malaysia. Journal of the Asia Pacific Economy, 20(4), 644–657. https://doi.org/10.1080/13547860.2015.1045324.

    Article  Google Scholar 

  • Jorgensen, B. L., & Savla, J. (2010). Financial literacy of young adults: The importance of parental socialization. Family Relations, 59(4), 465–478. https://doi.org/10.1111/j.1741-3729.2010.00616.x.

    Article  Google Scholar 

  • Kahlor, L. A. (2007). An augmented risk information seeking model: The case of global warming. Media Psychology, 10(3), 414–435. https://doi.org/10.1080/15213260701532971.

    Article  Google Scholar 

  • Kaur, A. (2000). Working on the global conveyor belt: Women workers in industrialising Malaysia. Asian Studies Review, 24(2), 213–230. https://doi.org/10.1080/10357820008713270.

    Article  Google Scholar 

  • Kidwell, B., & Turrisi, R. (2004). An examination of college student money management tendencies. Journal of Economic Psychology, 25(5), 601–616. https://doi.org/10.1016/S0167-4870(03)00073-4.

    Article  Google Scholar 

  • Koropp, C., Kellermanns, F. W., Grichnik, D., & Stanley, L. (2014). Financial decision making in family firms: An adaptation of the theory of planned behavior. Family Business Review, 27(4), 307–327.

    Google Scholar 

  • Lemaster, P., & Strough, J. (2014). Beyond Mars and Venus: Understanding gender differences in financial risk tolerance. Journal of Economic Psychology, 42, 148–160. https://doi.org/10.1016/j.joep.2013.11.001.

    Article  Google Scholar 

  • Lippa, R. A. (2002). Gender, nature, and nurture. Mahwah, NJ: Erlbaum.

    Google Scholar 

  • Loke, Y. J. (2015). Financial knowledge and behaviour of working adults in Malaysia. The Journal of Applied Economic Research, 9(1), 18–38. https://doi.org/10.1177/0973801014557392.

    Article  Google Scholar 

  • Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5–44. https://doi.org/10.3386/w18952.

    Article  Google Scholar 

  • Lusardi, A., Mitchell, O. S., & Curto, V. (2009). Financial literacy among the young: Evidence and implications for consumer policy. National Bureau of Economic Research.

  • Lusardi, A., Mitchell, O. S., & Curto, V. (2010). Financial Literacy among the young. Journal of Consumer Affairs, 44(2), 358–380. https://doi.org/10.1111/j.1745-6606.2010.01173.x.

    Article  Google Scholar 

  • Lyons, A. C. (2004). A profile of financially at-risk college students. Journal of Consumer Affairs, 38(1), 56–80. https://doi.org/10.1111/j.1745-6606.2004.tb00465.x.

    Article  Google Scholar 

  • Magendans, J., Gutteling, J. M., & Zebel, S. (2017). Psychological determinants of financial buffer saving: the influence of financial risk tolerance and regulatory focus. Journal of Risk Research, 20(8), 1076–1093. https://doi.org/10.1080/13669877.2016.1147491.

    Article  Google Scholar 

  • Mandell, L. (2009). Financial Education in High School. In A. Lusardi (Ed.), Overcoming the saving slump: How to increase the effectiveness of financial education and savings programs (pp. 257–279). Chicago: The University of Chicago Press.

    Google Scholar 

  • Marchionini, G. (1997). Information seeking in electronic environments. New York: Cambridge University Press.

    Google Scholar 

  • MFPC (2016). mfpc.org.my. Accessed 14 April 2019.

  • Miller, M., Reichelstein, J., Salas, C., & Zia, B. (2014). Can you help someone become financially capable? A meta-analysis of the literature. The World Bank.

  • Moschis, G. P. (1987). Consumer socialization: A life-cycle perspective. New York: Free Press.

    Google Scholar 

  • Mottola, G. R. (2013). In our best interest: Women, financial literacy, and credit card behavior. Numeracy, 6(2), 1–15. https://doi.org/10.5038/1936-4660.6.2.4.

    Article  Google Scholar 

  • Nandanan, P., & Fernandez, S. P. (2017). A study on the gender differences in the spending attitude and behavior of IT professionals in Urban Bangalore. International Journal of Business and Management Invention, 6(7), 55–59.

    Google Scholar 

  • Ng, C., & Chee, H. L. (1999). Women in Malaysia: Present struggles and future directions. In C. Ng (Ed.), Positioning women in Malaysia: Class and gender in an industrializing state (pp. 169–189). London: Macmillan.

    Google Scholar 

  • Nga, J. K., Yong, L. H., & Sellappan, R. D. (2010). A study of financial awareness among youths. Young Consumers, 11(4), 277–290. https://doi.org/10.1108/17473611011093916.

    Article  Google Scholar 

  • Noor, N. M. (2001). Work, family and well-being: Challenges of contemporary Malaysian women. Kuala Lumpur: IIUM Press.

    Google Scholar 

  • Norvilitis, J. M., Merwin, M. M., Osberg, T. M., Roehling, P. V., Young, P., & Kamas, M. M. (2006). Personality factors, money attitudes, financial knowledge, and credit-card debt in college students. Journal of Applied Social Psychology, 36(6), 1395–1413. https://doi.org/10.1111/j.0021-9029.2006.00065.x.

    Article  Google Scholar 

  • OECD. (2005). Improving financial literacy: Analysis of issues and policies. Paris: OECD Publishing.

    Google Scholar 

  • OECD. (2016). OECD/INFE International Survey of Adult Financial Literacy Competencies. Paris: OECD Publishing.

    Google Scholar 

  • OECD. (2017). PISA 2015 Results (volume IV): Students’ financial literacy, PISA. Paris: OECD Publishing.

    Google Scholar 

  • OECD. (2019). PISA 2018 Assessment and Analytical Framework, PISA. Paris: OECD Publishing.

    Google Scholar 

  • Pahlevan Sharif, S., Mostafiz, I., & Guptan, V. (2018). A systematic review of structural equation modelling in nursing research. Nurse Researcher, 26(2), 28–31. https://doi.org/10.7748/nr.2018.e1577.

    Article  Google Scholar 

  • Pahlevansharif, S., & Sharif Nia, H. (2018). Structural equation modeling with AMOS. Iran: Artin Teb.

    Google Scholar 

  • Palmer, T. S., Pinto, M. B., & Parente, D. H. (2001). College students’ credit card debt and the role of parental involvement: Implications for public policy. Journal of Public Policy & Marketing, 20(1), 105–113.

    Google Scholar 

  • Pettigrew, K. E., Fidel, R., & Bruce, H. (2001). Conceptual frameworks in information behavior. Annual Review of Information Science and Technology, 35, 43–78.

    Google Scholar 

  • Reniers, R. L., Murphy, L., Lin, A., Bartolomé, S. P., & Wood, S. J. (2016). Risk perception and Risk-Taking Behaviour during Adolescence: The influence of personality and gender. PLoS ONE, 11(4), e0153842. https://doi.org/10.1371/journal.pone.0153842.

    Article  Google Scholar 

  • Robb, C. A. (2011). Financial knowledge and credit card behavior of college students. Journal of Family and Economic Issues, 32(4), 690–698. https://doi.org/10.1007/s10834-011-9259-y.

    Article  Google Scholar 

  • Robb, C. A., & Woodyard, A. (2011). Financial Knowledge and Best Practice Behavior. Journal of Financial Counseling and Planning, 22, 60–70.

    Google Scholar 

  • Sabri, M. F., MacDonald, M., Hira, T. K., & Masud, J. (2010). Childhood consumer experience and the financial literacy of college students in Malaysia. Family and Consumer Sciences Research Journal, 38(4), 455–467. https://doi.org/10.1111/j.1552-3934.2010.00038.x.

    Article  Google Scholar 

  • Schuchardt, J., Hanna, S. D., Hira, T. K., Lyons, A. C., Palmer, L., & Xiao, J. J. (2009). Financial literacy and education research priorities. Journal of Financial Counseling and Planning, 20(1), 84–95.

    Google Scholar 

  • Shim, S., Barber, B. L., Card, N. A., Xiao, J. J., & Serido, J. (2010). Financial socialization of first-year college students: The roles of parents, work, and education. Journal of Youth and Adolescence, 39(12), 1457–1470. https://doi.org/10.1007/s10964-009-9432-x.

    Article  Google Scholar 

  • Shim, S., & Serido, J. (2011). Young Adults’ Financial Capability. Arizona Pathways to Life Success for University Students, Wave 2. Arizona: National Endowment for Financial Education.

  • Shim, S., Xiao, J. J., Barber, B. L., & Lyons, A. C. (2009). Pathways to life success: A conceptual model of financial well-being for young adults. Journal of Applied Developmental Psychology, 30(6), 708–723. https://doi.org/10.1016/j.appdev.2009.02.003.

    Article  Google Scholar 

  • Stolper, O. A., & Walter, A. (2017). Financial literacy, financial advice, and financial behavior. Journal of Business Economics, 87(5), 581–643. https://doi.org/10.1007/s11573-017-0853-9.

    Article  Google Scholar 

  • Van Campenhout, G. (2015). Revaluing the role of parents as financial socialization agents in youth financial literacy programs. Journal of Consumer Affairs, 49(1), 186–222. https://doi.org/10.1111/joca.12064.

    Article  Google Scholar 

  • Van Rooij, M., Lusardi, A., & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472. https://doi.org/10.1016/j.jfineco.2011.03.006.

    Article  Google Scholar 

  • Walczak, D., & Pieńkowska-Kamieniecka, S. (2018). Gender differences in financial behaviours. Engineering Economics, 29(1), 123–132. https://doi.org/10.5755/j01.ee.29.1.16400.

    Article  Google Scholar 

  • Wallace, R., Kupperman, J., Krajcik, J., & Soloway, E. (2000). Science on the Web: Students online in a sixth-grade classroom. The journal of the learning sciences, 9(1), 75–104. https://doi.org/10.1207/s15327809jls0901_5.

    Article  Google Scholar 

  • West, C., & Zimmerman, D. H. (1991). Doing gender. In J. Lorber & S. A. Farrell (Eds.), The social construction of gender (pp. 7–37). Newbury Park: Sage.

    Google Scholar 

  • Willis, L. E. (2009). Evidence and ideology in assessing the effectiveness of financial literacy education. San Diego Law Revie, 46(2), 415–458.

    Google Scholar 

  • Wilson, T. D. (2000). Human information behavior. Informing science, 3(2), 49–56.

    Google Scholar 

  • World Economic Forum. (2019). The global gender gap report 2020. Geneva: World Economic.

    Google Scholar 

  • Xiao, J. J., Ahn, S. Y., Serido, J., & Shim, S. (2014). Earlier financial literacy and later financial behaviour of college students. International Journal of Consumer Studies, 38(6), 593–601. https://doi.org/10.1111/ijcs.12122.

    Article  Google Scholar 

  • Xiao, J. J., Serido, J., & Shim, S. (2011a). Financial education, financial knowledge, and risky credit behaviour of college students. In D. Lamdin (Ed.), Financial decisions across the lifespan: Problems, programs, and prospects (pp. 113–128). New York: Springer.

    Google Scholar 

  • Xiao, J. J., Sorhaindo, B., & Garman, E. T. (2006). Financial behaviours of consumers in credit counselling. International Journal of Consumer Studies, 30(2), 108–121. https://doi.org/10.1111/j.1470-6431.2005.00455.x.

    Article  Google Scholar 

  • Xiao, J. J., Tang, C., Serido, J., & Shim, S. (2011b). Antecedents and consequences of risky credit behavior among college students: Application and extension of the theory of planned behavior. Journal of Public Policy & Marketing, 30(2), 239–245.

    Google Scholar 

  • Xiao, J. J., Tang, C., & Shim, S. (2009). Acting for happiness: Financial behavior and life satisfaction of college students. Social Indicators Research, 92(1), 53–68. https://doi.org/10.1007/s11205-008-9288-6.

    Article  Google Scholar 

  • Yang, Z. J., & Kahlor, L. (2013). What, me worry? The role of affect in information seeking and avoidance. Science Communication, 35(2), 189–212. https://doi.org/10.1177/1075547012441873.

    Article  Google Scholar 

  • Yang, Z. J., McComas, K. A., Gay, G., Leonard, J. P., Dannenberg, A. J., & Dillon, H. (2011). Information seeking related to clinical trial enrollment. Communication Research, 38(6), 856–882.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Taylor’s Business School, Taylor’s University Lakeside Campus, No. 1 Jalan Taylors, 47500, Subang Jaya, Selangor, Malaysia

    Saeed Pahlevan Sharif

  2. Department of Journalism, Xiamen University Malaysia Campus, Sepang, Malaysia

    Ashraf Sadat Ahadzadeh

  3. Graduate School of Business, Asia Pacific University of Technology & Innovation, Technology Park Malaysia, 57000, Kuala Lumpur, Malaysia

    Jason James Turner

Authors
  1. Saeed Pahlevan Sharif
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Ashraf Sadat Ahadzadeh
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Jason James Turner
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Saeed Pahlevan Sharif.

Ethics declarations

Conflict of interest

The authors declare that they have no conflict of interest.

Ethical Approval

The protocol of the study was approved by the ethics committee of the corresponding author’s institution. All procedures performed in studies involving human participants were in accordance with the ethical standards of the institutional and/or national research committee and with the 1964 Helsinki declaration and its later amendments or comparable ethical standards.

Informed Consent

Informed consent was obtained from all individual participants included in the study.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Pahlevan Sharif, S., Ahadzadeh, A.S. & Turner, J.J. Gender Differences in Financial Literacy and Financial Behaviour Among Young Adults: The Role of Parents and Information Seeking. J Fam Econ Iss 41, 672–690 (2020). https://doi.org/10.1007/s10834-020-09674-z

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s10834-020-09674-z

Keywords

Search

Navigation