Exploring racial differences in financial socialization and related financial behaviors among Ohio college students

This study examined how White and Black college students, particularly Black students, gain financial knowledge and skills. Recognizing that training in money management begins in childhood and adolescence, it is important to study the ways that college students adopt financial behaviors prior to pursuing higher education. Since, the availability of formal financial education is inconsistent across the American education system, parental education, and modeling may be a more important influence on the financial education of college students. The results of this study suggested parental money discussions and attending personal finance classes had the biggest overall influence on college students in each money management category.