Browsing by Author "Li, Yiting"

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    Asian College Students: How do Families Influence Young Adults’ Financial Socialization?
    (2017-06) Li, Yiting
    Paying for college can be stressful. For Asian Americans, both students and parents work to figure this out. International Asian students enter the country with their parents’ financial support already-established, but struggle to navigate complex economic policies relevant to them. Using family financial socialization theory (Gudmunson & Danes, 2011) as a guide, this study explored how families influence Asian students’ financial attitudes, knowledge, and behaviors. It is the first study to examine a large sample of Asians living in the United States by different citizenship statuses (n=671). Results show that financial socialization is positively associated with financial behaviors for all Asian college students. Implications for financial professionals who work with Asian students and their parents are described in conclusion.
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    Financial Anxiety during COVID-19: How do Parents with Young Children Cope with the Crisis?
    (2022) Li, Yiting; Zuiker, Virginia S.; Zhou, Xiang
    Given the uncertainty surrounding the duration and impact of COVID-19, there is clear evidence that suggests an increase in anxiety symptoms in the U.S. and around the world is perhaps unsurprising (Fitzpatrick et al., 2020; Marchetti et al., 2020). This study examines the financial anxiety of young parents with children between the ages of 3 to 8 years old during the COVID-19 global pandemic. More specifically, the authors examined predictors of financial anxiety, including parental-, child-, financial-, COVID-, and general mental health- factors using hierarchical regression with data collected during the pandemic from 376 parents. Results indicated that parental factors, financial adjustment, COVID-19 factors, stimulus checks, and general anxiety contributed significantly to impacts on financial anxiety.