Mackenzie is originally from Toronto, Canada and is a third-year Family Studies major at BYU. After graduating, she plans to pursue a Master’s degree in Marriage and Family Therapy. In her free time, Mackenzie enjoys playing piano, reading, and yoga.
Mackenzie Pistritto
More from this author
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Collegiate Coddling: Preparing Your Child for Financial Independence as a College Student
If you’ve read anything on this website, you’ve learned that parents have a significant impact on their child’s thoughts, beliefs and behaviors surrounding money. Even emerging adults report how their parents’ actions are still impacting them. A recent study[1] by Dr. Joyce Serido and other researchers focused on how emerging adults retrospectively viewed how they were parented and how it affects their financial habits and personal wellbeing in their first year of college.
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Rated Mature for All Audiences: Is Financial Identity 18+?
As an emerging adult (ages 18-30), I can confidently say I do not actually feel like an adult. I still rely on my parents for car insurance, and regularly find myself asking what the difference between a Roth and Traditional IRA account is (many apologies to my family finance teachers, you really did your best to educate me). Many emerging adults find themselves in the same boat. With an economy that seems to require more and more of you to become a “fully fledged” adult with a house, car, and steady income stream, it can be difficult to identify as an adult on your 18th birthday.
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The Rising Generation of Researchers
This article was based on the project Whats and Hows of Family Financial Socialization[i], a study that spanned over 3 years. Interviewing university students and their parents and grandparents, researchers sought to learn how family finance is taught and passed down through generations.
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A Decade of Dollars: Family Finance Research Summarized
With over a decade of advances in the field of financial socialization, it can be difficult to find exactly what you’re looking for advice on. What have financial researchers learned about how money impacts families and how to teach children about finances? This article summarizes a decade of family financial socialization research,[1] which is the study of how families teach their children about finances and the consequences those teachings have on children’s later financial outcomes. Please feel free to use this article as a segue to various sources of academic information on financial socialization.
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The Birds and the Budgets: How and What to Teach Your Kids About Money
You’ve probably heard of the birds and the bees, but what about the birds and the budgets? In two studies, Ashley LeBaron-Black and her colleagues sought to understand how parents effectively teach their children about money.
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Seeing is Perceiving: How Forgiveness and the Perceptions of Partner’s Financial Habits Affect Relationships
Forgiveness is important in every relationship, whether it be romantic or not. However, can being financially forgiving have a positive impact on romantic relationships? This is what Matthew Saxey and Dr. LeBaron-Black’s team set out to study[1].
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Dollars and Daddy Issues
To be clear, I don’t hate my dad. In fact, Enrico is a great guy. However, family research makes it clear that parents’ choices affect their children, and for myself, my father’s gambling addiction had a significant impact on me.
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On the Same Page: How to Turn Frustrating Finances into Flourishing Families
In their recent article, “Financial Communication as a Mediator between Financial Values and Marital Outcomes,”[1] leading financial scholars suggest that money itself may not be what predicts divorce.
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