Flourishing and Floundering Financially in Emerging Adulthood

Ashley B. LeBaron-Black is an Assistant Professor of Family Life at Brigham Young University in Provo, Utah. Ashley teaches family theory (at the undergraduate and graduate levels), family finance, and close relationships. Her research focus is family finance, including finances in couple relationships and financial socialization. Ashley has published over 60 peer-reviewed articles and is an Associate Editor for the Journal of Family and Economic Issues. She is Chair of the Family Financial Wellbeing Focus Group for the National Council on Family Relations.Heather Kelley is a researcher at Utah State University's Institute for Disability Research, Policy and Practice. Her research interests focus on understanding various factors that influence relational well-being in families and strengths-based approaches to understanding mental health concerns. She has published over 45 peer-reviewed journal articles. She is a mixed methods researcher with strengths in both qualitative and quantitative methodologies and teaches graduate level mixed methods courses.Angela Sorgente is an Assistant Professor of Psychometrics in the Department of Psychology at Università Cattolica del Sacro Cuore, Milan, Italy. Her main research interest is financial well-being's conceptualization and measurement and has developed the Multidimensional Subjective Financial Well-being Scale (MSFWBS) to measure the emerging adults' financial well-being. This scale has been defined as the most complete instrument to measure financial well-being (de Oliveira Cardoso et al., 2023) and has been translated and validated across nine different countries. Angela also has an interest in quantitative methodology and teaches classes in research methods and statistical software.

• AcknowledgmentsContributorsIntroduction to the HandbookPart I. Emerging Adults' Financial Literacy1: Models of Emerging Adults' Financial Literacy2: Objective and Subjective Financial Knowledge among Emerging Adults3: Emerging Adults' Financial Skills4: Emerging Adults' Financial Attitudes5: Financial Behavior among Emerging Adults6: Emerging Adults' Financial Decisions: A Neurocognitive Perspective7: Emerging Adults' Financial Well-Being: Conceptualization and Measurement8: Emerging Adults' Financial Stress and Financial AnxietyPart II. Financial Considerations in Emerging Adulthood9: College and Student Loans in Emerging Adulthood10: Career Considerations in Emerging Adulthood11: Navigating Financial Self-Sufficiency: The Role of Parental Financial Support in Emerging Adults' Financial and General Well-Being and Development12: Emerging Adults' Financial Identity13: Emerging Adults' Consumption and Borrowing Behavior14: Finances and Romantic Relationships in Emerging AdulthoodPart III. Socio-demographic Characteristics and Emerging Adults' Financial Literacy15: Socio-Economic Vulnerability of Emerging Adults in the United States16: Gender and Finances in Emerging Adulthood: Sex, Gender, and Inequalities17: Cultural and Racial Considerations in Financial LiteracyPart IV. How to Improve Emerging Adults' Financial Literacy18: Financial Socialization and Emerging Adults' Financial Outcomes19: Financial Education of Emerging Adults20: Conclusion and Future Research DirectionsReferencesIndex